2040 Cleaver Avenue 115, Burlington

$379,900
2040 Cleaver Avenue 115

$379,900

New
21d
Condo TownhouseStacked Townhouse

2040 Cleaver Avenue 115, Burlington

Total Monthly Obligation $2,492

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
21d
Score
17
Yield
5.1%
Cash on Cash
-10.2%
Cap Rate
2.4%
5Y IRR
7.6%
10Y IRR
8.4%
Property Type-Condo Townhouse
MLS® Number-W13853674
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 2, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Age-31-50
Taxes-$2,390 (2025)
Maintenance-$560/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Heat Pump (Other)
Brokerage-ROYAL LEPAGE REALTY CENTRE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Aluminum Siding, Brick
Possession-60-90 Days/TBA
Neighbourhood-Headon
Title-Residential Condo & Other

No agent assigned

Welcome To Unit 115 In The Wonderful Community Minded And Well Managed Complex Of 2040 Cleaver Avenue. A Prime Location In Burlington Near A Large Array Of Schools, Beautiful Parks, A Variety Of Amenities, Close To Highways And Less Than A 20 Minute Drive To The Burlington Go Station. This Unit Is Perfect For First Time Buyers And Seniors With A Very Convenient And Efficient Use Of Space. The Unit Itself Has Had Recent Upgrades With New Laminate Flooring And Freshly Painted Walls Throughout To Give It A Clean Modern Feel While Also Having A Touch Of Nature As The Unit Backs Onto Lush Greenery Space To Compliment The Already Peaceful Serene Area. Other Featured Upgrades Include A New Stove 2026, 3-Year-Old Stackable Washer And Dryer, Bosch Dishwasher, Ceramic Backsplash, Owned Water Heater, And A Recent Balcony Upgrade. Unit Includes A RARE TWO Parking Spaces With One Being Right Out Your Front Door And The Other One Being Underground Parking. Close To The Stairwell Entrance, Which Is Great For Those Cold Snowy Winter Days, Also Includes A Locker For All Your Storage Needs.

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

Closing Costs

Mortgage Amount
$303,920
Land Transfer Taxes$4,174
Legal Fees (Est.)
$
Total cash required for closing$81,654

Total Monthly Obligation

$2,492/mo
Mortgage $1,532
Monthly Loss $2,088
Principal$403
Interest$1,129
Property Tax$199
Condo Fees$560
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-15.2%0
5-Year IRR
4.0%8
10-Year IRR
6.3%
Returns Index
5.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$19,392/yr
NOI
$5,943/yr
Net Cash Flow
-$1,037/mo
Cash Margin
-64.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.322
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo67
Risk Index
29.2/ 100

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

Comparables

Properties near 2040 Cleaver Avenue 115

Time

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Data last updated within the past 24 hours.