5188 Lakeshore Road 310, Burlington

$799,000
5188 Lakeshore Road 310

$799,000

New
15d
Condo Apartment1 Storey/Apt

5188 Lakeshore Road 310, Burlington

Total Monthly Obligation $4,801

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
15d
Score
19
Yield
6.3%
Cash on Cash
-2.9%
Cap Rate
3.9%
5Y IRR
13.2%
10Y IRR
12.8%
Property Type-Condo Apartment
MLS® Number-W13877818
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 8, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-16-30
Taxes-$4,381.88 (2025)
Maintenance-$1,013.01/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-RE/MAX Escarpment Realty Inc., Brokerage
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Stucco (Plaster)
Possession-Immediate/TBA
Neighbourhood-Appleby
Title-Residential Condo & Other

No agent assigned

FRESHLY PAINTED THROUGHOUT & MOVE-IN READY! Welcome to Waterford Place, a beautifully maintained boutique condominium set on the shores of Lake Ontario, where thoughtful management, attention to detail, and genuine pride of ownership are evident throughout. Offering a refined alternative to high-rise towers, this exclusive, low-density boutique community delivers true privacy, quiet living, and everyday ease. Suite 310 offers over 1,120 sq. ft. of bright, well-proportioned living space enhanced by 9-foot ceilings and a desirable east-facing exposure that fills the home with warm, natural light. The expansive open-concept living and dining rooms create an airy, elegant space that flows effortlessly to an updated, glass-framed walk-out balcony (approx. 100 sq. ft.)-the perfect setting to relax and enjoy peaceful views of the mature landscaped grounds.The kitchen is thoughtfully designed with a breakfast bar, stainless steel appliances, under-cabinet task lighting, and ample counter and storage space. The generous primary retreat features a walk-in closet, double closet, linen closet, and a private 5-piece ensuite bath, while the sizable second bedroom and full second bath provide exceptional versatility for guests, hobbies, or a dedicated home office.Complete with convenient in-suite laundry, 1 underground parking space, and an owned storage locker. Residents enjoy manicured lakeside grounds with direct waterfront access and private seating right along the lake. An exceptional, low-maintenance lifestyle offering outstanding value along the South Burlington waterfront.

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

Closing Costs

Mortgage Amount
$639,200
Land Transfer Taxes$12,455
Legal Fees (Est.)
$
Total cash required for closing$173,755

Total Monthly Obligation

$4,801/mo
Mortgage $3,223
Monthly Loss $3,953
Principal$848
Interest$2,375
Property Tax$365
Condo Fees$1,013
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.2%1
5-Year IRR
10.1%36
10-Year IRR
10.8%
Returns Index
19.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$50,196/yr
NOI
$26,238/yr
Net Cash Flow
-$1,036/mo
Cash Margin
-24.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo31
Risk Index
19.5/ 100

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

Comparables

Properties near 5188 Lakeshore Road 310

Time

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