502 Karen Drive, Burlington

$1,599,000
502 Karen Drive

$1,599,000

New
16d
DetachedSidesplit

502 Karen Drive, Burlington

Total Monthly Obligation $7,465

Beds
4
Baths
3
Park
3
Sqft
1500-2000
DOM
16d
Score
15
Yield
3.2%
Cash on Cash
-9.7%
Cap Rate
2.5%
5Y IRR
7.9%
10Y IRR
8.7%
Property Type-Detached
MLS® Number-W13870750
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-63.83 × 131.87 ft
Listed on site-Oct 7, 2026
Style-Sidesplit
Building Type-Detached
Age-51-99
Taxes-$7,676 (2025)
Parking-4 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas
Pool-Inground
Facing-West
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Brant
Title-Residential Freehold

No agent assigned

Set on an oversized, mature lot in Central Burlington, this beautifully updated 4-bedroom, 3-bathroom home offers 2,498 sq. ft. of thoughtfully designed living space. The spacious 4-level sidesplit showcases a newly renovated open-concept kitchen with new stainless steel appliances, seamlessly connected to the living and dining areas, with new flooring throughout. The upper level features a generous Primary bedroom with a spacious walk-in closet and spa-inspired ensuite with heated floors. Two additional bedrooms and a 4-piece bathroom complete this level. The main level offers an additional family room with a gas fireplace, custom built-ins and new windows overlooking the landscaped backyard. The lower level provides an additional bedroom, 3-piece bathroom, laundry room and an abundance of storage space. Outside, enjoy your own private backyard retreat featuring a separately fenced 18' x 36' natural gas heated in-ground pool with an updated pump and filter. A deck off the dining room extends to a spacious entertaining area with a gazebo, all surrounded by beautiful specimen trees and mature gardens. Conveniently located minutes to downtown, shops, schools and major highways, this home offers an exceptional blend of space, privacy and location.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,279,200
Land Transfer Taxes$28,455
Legal Fees (Est.)
$
Total cash required for closing$349,755

Total Monthly Obligation

$7,465/mo
Mortgage $6,450
Monthly Loss $5,767
Principal$1,697
Interest$4,753
Property Tax$640
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-12.8%0
5-Year IRR
5.5%12
10-Year IRR
7.1%
Returns Index
7.6/ 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
$50,496/yr
NOI
$33,270/yr
Net Cash Flow
-$3,677/mo
Cash Margin
-87.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.434
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo20
Risk Index
14.1/ 100

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

Comparables

Properties near 502 Karen Drive

Time

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