216 W Plains Road W B404, Burlington

$695,000
216 W Plains Road W B404

$695,000

New
15d
Condo ApartmentApartment

216 W Plains Road W B404, Burlington

Total Monthly Obligation $3,932

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
15d
Score
18
Yield
5.3%
Cash on Cash
-5.1%
Cap Rate
3.5%
5Y IRR
11.5%
10Y IRR
11.4%
Property Type-Condo Apartment
MLS® Number-W13878958
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$3,187 (2025)
Maintenance-$663.14/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-Electric
Pool-None
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Concrete
Possession-Flexible
Neighbourhood-Bayview
Title-Residential Condo & Other

No agent assigned

Welcome Home to this incredible community at 216 Plains Road West. This spacious, move-in-ready condo offers 2 generously sized bedrooms and 2 updated bathrooms. From the moment you step inside, you'll appreciate the warm and inviting feel of this thoughtfully maintained condo apartment. Unit B404 has been meticulously cared for and features newer carpeting throughout (2020), an updated kitchen (2018), and a bright, comfortable layout perfect for everyday living. Step outside onto the east-facing balcony, where you can soak up the morning sunshine while enjoying your coffee or taking in the peaceful surroundings. Building B is one of six well-maintained, four-storey buildings within this welcoming complex. Residents also have access to a fantastic clubhouse, complete with a full kitchen and plenty of space to host larger dinners, family gatherings, celebrations, or social events. With underground parking, and located within walking distance to all sorts of amenities, this lovely condo is going to feel like HOME.

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Closing Costs

Mortgage Amount
$556,000
Land Transfer Taxes$10,375
Legal Fees (Est.)
$
Total cash required for closing$150,875

Total Monthly Obligation

$3,932/mo
Mortgage $2,803
Monthly Loss $3,194
Principal$738
Interest$2,066
Property Tax$266
Condo Fees$663
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.3%1
5-Year IRR
8.4%26
10-Year IRR
9.5%
Returns Index
14.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$37,044/yr
NOI
$19,795/yr
Net Cash Flow
-$1,154/mo
Cash Margin
-37.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
21.3/ 100

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

Comparables

Properties near 216 W Plains Road W B404

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.