231 Pine Cove Road, Burlington

$1,897,800
231 Pine Cove Road

$1,897,800

New
22d
DetachedBungalow

231 Pine Cove Road, Burlington

Total Monthly Obligation $8,852

Beds
3
Baths
3
Park
4
Sqft
2500-3000
DOM
22d
Score
15
Yield
3.4%
Cash on Cash
-8.9%
Cap Rate
2.7%
5Y IRR
8.6%
10Y IRR
9.1%
Property Type-Detached
MLS® Number-W13850976
Beds-3
Bathrooms-3
Size-2500-3000 sqft
Lot Size-70 × 110 ft
Listed on site-Oct 1, 2026
Style-Bungalow
Building Type-Detached
Taxes-$9,858.37 (2026)
Parking-6 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick Veneer, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Other
Neighbourhood-Roseland
Title-Residential Freehold

No agent assigned

Welcome to this meticulously maintained detached bungalow in the heart of Burlington's prestigious Roseland neighbourhood. Offering approximately 4,000 sq.ft. of finished living space, this exceptional 3-bedroom, 3-bathroom residence combines timeless elegance, quality craftsmanship, and premium finishes throughout. Designed for both sophisticated entertaining and comfortable everyday living, the main level features soaring 10-foot ceilings, an inviting open-concept layout, spacious principal rooms, abundant natural light, and refined architectural details. The thoughtful bungalow design provides convenient one-floor living with excellent flow and functionality.The finished lower level adds exceptional versatility with a spacious recreation room and an additional bedroom or private office, ideal for guests, a home office, or extended family. A private driveway accommodates up to five vehicles. Situated in the coveted John T. Tuck school catchment and minutes from Burlington's waterfront, downtown, parks, scenic trails, shopping, restaurants, and fine dining. A rare turnkey opportunity in one of Burlington's most established and sought-after neighbourhoods.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$1,518,240
Land Transfer Taxes$34,431
Legal Fees (Est.)
$
Total cash required for closing$415,491

Total Monthly Obligation

$8,852/mo
Mortgage $7,655
Monthly Loss $6,837
Principal$2,014
Interest$5,641
Property Tax$822
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%13
Cash-on-Cash
-12.0%0
5-Year IRR
6.2%15
10-Year IRR
7.6%
Returns Index
8.8/ 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
$63,840/yr
NOI
$43,098/yr
Net Cash Flow
-$4,064/mo
Cash Margin
-76.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
1.1 mo18
Risk Index
13.5/ 100

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

Comparables

Properties near 231 Pine Cove Road

Time

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Data last updated within the past 24 hours.