442 Maple Avenue 1402, Burlington

$959,000
442 Maple Avenue 1402

$959,000

New
17d
Condo Apartment1 Storey/Apt

442 Maple Avenue 1402, Burlington

Total Monthly Obligation $6,300

Bed+Den
3+1
Baths
2
Park
2
Sqft
1400-1599
DOM
17d
Score
14
Yield
4.9%
Cash on Cash
-12.4%
Cap Rate
1.9%
5Y IRR
5.9%
10Y IRR
7.1%
Property Type-Condo Apartment
MLS® Number-W13867686
Bed+Den-3+1
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Oct 6, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-16-30
Taxes-$6,431.93 (2025)
Maintenance-$1,696.13/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-Engel & Volkers Oakville
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-Brant
Title-Residential Condo & Other

No agent assigned

Welcome to elegant "Spencer's Landing" in the heart of downtown Burlington across from the lake, & scenic Spencer Smith Park. Experience luxury living & convenience in this beautiful 2 bedroom + Den, 2 bathroom 1,540 sq ft Penthouse level corner unit with expansive 180 degree southwest views of the Escarpment, Hamilton Harbour, & Lake Ontario. This well-designed floor plan greets you with a spacious entry foyer & built-in cabinetry, separate bedroom wings for privacy, formal living & dining rooms, as well as a very generous bright & airy eat-in kitchen open to the cozy den. The large primary bedroom has an ample walk-in closet, & 4 piece ensuite, with glass shower & new "Safe-Step Walk-in" jetted bathtub. The 2nd bedroom currently has built-in cabinetry with a fold down murphy bed opposite the hallway to a 3 piece bathroom with glass shower. Off the living room, is access to a lovely open covered balcony. Important to note, this Penthouse unit comes with 2 oversize parking spots, as well as your own massive storage room, all just a few steps from the underground entrance. "Spencer's Landing" is an exceptional residence offering resort-style amenities, including concierge, 24 hour security, indoor pool & spa, sauna, fitness center, library, party & games room with billiards table, secure underground parking, as well as ample visitor parking, outdoor gazebo & BBQ area. Enjoy truly "all-inclusive" living as condo fees cover all utilities & amenities. Perfectly situated in the heart of downtown, you're just a short walk to shops & cafes, dining, entertainment, & the picturesque waterfront trail.

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

Closing Costs

Mortgage Amount
$767,200
Land Transfer Taxes$15,655
Legal Fees (Est.)
$
Total cash required for closing$208,955

Total Monthly Obligation

$6,300/mo
Mortgage $3,868
Monthly Loss $5,283
Principal$1,018
Interest$2,850
Property Tax$536
Condo Fees$1,696
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.4%9
Cash-on-Cash
-16.1%0
5-Year IRR
3.4%7
10-Year IRR
5.8%
Returns Index
4.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$47,160/yr
NOI
$13,259/yr
Net Cash Flow
-$2,763/mo
Cash Margin
-70.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.292
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo24
Risk Index
14.7/ 100

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

Comparables

Properties near 442 Maple Avenue 1402

Time

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