3244 Steeplechase Drive, Burlington

$1,379,900
3244 Steeplechase Drive

$1,379,900

New
22d
Detached2-Storey

3244 Steeplechase Drive, Burlington

Total Monthly Obligation $6,535

Beds
3
Baths
4
Park
2
Sqft
2000-2500
DOM
22d
Score
15
Yield
3.6%
Cash on Cash
-8.1%
Cap Rate
2.8%
5Y IRR
9.2%
10Y IRR
9.6%
Property Type-Detached
MLS® Number-W13849412
Beds-3
Bathrooms-4
Size-2000-2500 sqft
Lot Size-30.64 × 106.27 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Taxes-$7,126 (2026)
Parking-4 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-Inground, Salt
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBA/Flexible
Neighbourhood-Alton
Title-Residential Freehold

No agent assigned

Spectacular detached home nestled on a premium pie-shaped lot on the park with no rear neighbors and a gorgeous pool! The main level features rich hardwood floors, matching stairs, and a spacious eat-in kitchen with island, stainless appliances, and premium stone counters. Spend time in the large, relaxing living room with a cozy electric fireplace accented by the custom stone wall. Walk out to your backyard oasis and enjoy your saltwater pool, gazebo, patio area, gorgeous sunsets and peaceful park views. Upstairs, escape to the second family room loft area boasting dramatic vaulted ceilings, solid wood built-ins, and walk-out to a front balcony. Upper level includes 3 spacious bedrooms, featuring a massive primary suite, a walk-in closet, and luxury 5 piece ensuite bath with double sinks, enlarged custom glass shower, and soaker tub. A convenient upper laundry room completes the top floor. The fully finished basement features large, above-grade windows, full 3pc bath, and a flexible room easily closed off into a 4th bedroom-perfect for a teen retreat or in-law suite. Features inside access to the double car garage. Located in sought-after Alton Village, this home is a commuter's dream near Farm Boy, Starbucks, shopping, trails/parks, 407/QEW. Major updates include a new furnace ('26), newer roof ('22), owned hot water tank ('20), and brand-new pool heater, salt cell, and filter ('26). Move-in ready perfection!

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%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$1,103,920
Land Transfer Taxes$24,073
Legal Fees (Est.)
$
Total cash required for closing$301,553

Total Monthly Obligation

$6,535/mo
Mortgage $5,566
Monthly Loss $5,070
Principal$1,465
Interest$4,101
Property Tax$594
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.5%0
5-Year IRR
6.5%16
10-Year IRR
7.9%
Returns Index
9.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$49,200/yr
NOI
$32,654/yr
Net Cash Flow
-$2,845/mo
Cash Margin
-69.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.495
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo23
Risk Index
15.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 3244 Steeplechase Drive

Time

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Data last updated within the past 24 hours.