4005 Kilmer Drive 408, Burlington

$370,000
4005 Kilmer Drive 408

$370,000

New
15d
Condo Apartment1 Storey/Apt

4005 Kilmer Drive 408, Burlington

Total Monthly Obligation $2,611

HausQ Valuation Report
Bed+Den
2+1
Baths
1
Park
1
Sqft
700-799
DOM
15d
Score
20
Yield
7.5%
Cash on Cash
-2.3%
Cap Rate
4.1%
5Y IRR
13.8%
10Y IRR
13.2%
Property Type-Condo Apartment
MLS® Number-W13876390
Bed+Den-2+1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 8, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,099 (2025)
Maintenance-$743.88/mo
Locker-Exclusive
Parking-1 - Surface
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-Tansley
Title-Residential Condo & Other

No agent assigned

Welcome to this well-maintained 1-bedroom + den condo in the sought-after Tansley Gardens community of Burlington. Featuring soaring vaulted ceilings, this bright and inviting home offers an airy, spacious feel with an open-concept layout designed for comfortable everyday living. The kitchen features ample cabinetry and a convenient breakfast bar, overlooking the dining and living area. The spacious living room is enhanced by the vaulted ceiling and provides a wonderful space to relax or entertain. The versatile den is ideal as a home office, exercise room or additional living space. The generous bedroom offers excellent comfort and space, while the convenient in-suite laundry adds to the ease of living. You'll also appreciate the additional storage provided by two lockers-one conveniently located on the balcony and another in the common area. Enjoy all that Tansley Gardens has to offer, with shopping, restaurants, parks, trails and everyday amenities just moments away. Easy access to the QEW, 407 and GO Transit makes commuting a breeze. A wonderful opportunity for first-time buyers, downsizers or investor. Say YES the address!

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Closing Costs

Mortgage Amount
$296,000
Land Transfer Taxes$4,025
Legal Fees (Est.)
$
Total cash required for closing$79,525

Total Monthly Obligation

$2,611/mo
Mortgage $1,492
Monthly Loss $2,219
Principal$393
Interest$1,100
Property Tax$175
Condo Fees$744
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.6%33
10-Year IRR
10.6%
Returns Index
17.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$27,600/yr
NOI
$11,414/yr
Net Cash Flow
-$541/mo
Cash Margin
-23.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
29.7/ 100

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

Comparables

Properties near 4005 Kilmer Drive 408

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.