4650 Ethel Road, Burlington

$1,399,000
4650 Ethel Road

$1,399,000

New
16d
Detached2-Storey

4650 Ethel Road, Burlington

Total Monthly Obligation $6,683

Beds
4
Baths
3
Park
2
Sqft
2500-3000
DOM
16d
Score
17
Yield
4.4%
Cash on Cash
-4.7%
Cap Rate
3.6%
5Y IRR
11.9%
10Y IRR
11.7%
Property Type-Detached
MLS® Number-W13872502
Beds-4
Bathrooms-3
Size-2500-3000 sqft
Lot Size-46 × 85.45 ft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Taxes-$7,980 (2026)
Parking-4 - Built-In
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-AKARAT GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-Family Room
Pool-None
Facing-East
Exterior-Brick Veneer, Stone
Roof-Asphalt Shingle
Foundation-Unknown
Sewer-Sewer
Possession-Flexible
Neighbourhood-Alton
Title-Residential Freehold

No agent assigned

Welcome to this spacious 4-bedroom detached corner home in Burlington's highly sought-after Alton Village, offering approximately 2,750 sq. ft. of above-grade living space, plus an additional 1,320 sq. ft. unfinished basement with excellent future potential. One of the home's standout features is its well-defined main-floor layout, with dedicated living, dining, family, and breakfast areas. Each space serves a distinct purpose, providing separation and functionality while maintaining an easy flow for everyday family life and entertaining. The family room features a gas fireplace, while the kitchen offers granite countertops, stainless steel appliances, and direct connection to the breakfast area overlooking the backyard. 9-foot ceilings, hardwood flooring, and crown moulding further enhance the main level. Upstairs, the home offers four spacious bedrooms along with the convenience of second-floor laundry. The spacious primary bedroom includes a walk-in closet and private ensuite, while the remaining bedrooms provide excellent flexibility for family, guests, or home-office use. Set on a corner lot adds natural light and outdoor space. A double-car garage and private double driveway provide parking for up to four vehicles. The approximately 1,320 sq. ft. unfinished basement provides substantial storage today and excellent potential for future recreation, living, fitness, office, or entertainment space. The location is another major advantage, with Alton Village Public School, St. Anne Catholic Elementary School, Dr. Frank J. Hayden Secondary School, and the Alton Community Centre all nearby. Parks, recreation facilities, shopping, restaurants, and everyday amenities are also within easy reach, making this an exceptionally convenient setting for family living. Future potential for close to 4,000 sq. ft. of finished living space once the basement is completed, all in one of Burlington's most desirable family-oriented communities. Some Photos are Virtually Staged.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$1,119,200
Land Transfer Taxes$24,455
Legal Fees (Est.)
$
Total cash required for closing$305,755

Total Monthly Obligation

$6,683/mo
Mortgage $5,643
Monthly Loss $5,198
Principal$1,485
Interest$4,158
Property Tax$665
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.0%29
10-Year IRR
9.8%
Returns Index
15.8/ 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
$61,452/yr
NOI
$42,827/yr
Net Cash Flow
-$2,074/mo
Cash Margin
-40.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
16.1/ 100

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

Comparables

Properties near 4650 Ethel Road

Time

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