340 Plains Road E 106, Burlington

$630,000
340 Plains Road E 106

$630,000

New
17d
Condo ApartmentApartment

340 Plains Road E 106, Burlington

Total Monthly Obligation $4,127

Beds
2
Baths
2
Park
2
Sqft
1000-1199
DOM
17d
Score
16
Yield
5.4%
Cash on Cash
-9.6%
Cap Rate
2.5%
5Y IRR
8.0%
10Y IRR
8.7%
Property Type-Condo Apartment
MLS® Number-W13868080
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 6, 2026
Style-Apartment
Building Type-Condo Apartment
Age-6-10
Taxes-$4,569 (2026)
Maintenance-$1,004.86/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS EDGE REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stone, Stucco (Plaster)
Roof-Flat
Possession-TBD
Neighbourhood-LaSalle
Title-Residential Condo & Other

No agent assigned

Welcome to the modern Affinity Condos! Move-in-ready, bright corner ground-floor unit tucked away at the back of the building! Carpet-free living, including "driftwood feel" style flooring, and in-suite laundry are found in this spacious 2 Bed +Den and 2 Bath unit. It boasts an open-concept kitchen/living room with quartz countertops, breakfast bar, and sliding door walk-out to patio. The primary bedroom highlights a big walk-in closet and an ensuite with a double-sink vanity and an oversized glass door shower. The second bedroom is large and is appointed with southwest corner windows for lots of natural light. The den offers a great additional flex space and can be used as a dining room, convenient home office or even a spare bedroom. This unit comes with 2 underground parking spots (tandem) and a locker. Amazing building amenities include a fabulous rooftop lounge with BBQ and fireplace, ground-level patio/sitting area, workout + yoga room, party room, conference room, plenty of visitors' parking, and electric car charging stations. Walk to shopping & amenities, public transit, library, schools, and park. Close to GO Station, 403/QEW/407.

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

Closing Costs

Mortgage Amount
$504,000
Land Transfer Taxes$9,075
Legal Fees (Est.)
$
Total cash required for closing$136,575

Total Monthly Obligation

$4,127/mo
Mortgage $2,541
Monthly Loss $3,458
Principal$669
Interest$1,873
Property Tax$381
Condo Fees$1,005
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.9%0
5-Year IRR
5.0%11
10-Year IRR
7.0%
Returns Index
6.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$34,104/yr
NOI
$11,666/yr
Net Cash Flow
-$1,569/mo
Cash Margin
-55.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo37
Risk Index
19.5/ 100

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

Comparables

Properties near 340 Plains Road E 106

Time

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