100 Burloak Drive 2416, Burlington

$429,900
100 Burloak Drive 2416

$429,900

New
9d
Condo Apartment1 Storey/Apt

100 Burloak Drive 2416, Burlington

Total Monthly Obligation $3,040

Beds
1
Baths
1
Park
1
Sqft
800-899
DOM
9d
Score
19
Yield
7.4%
Cash on Cash
-3.2%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.6%
Property Type-Condo Apartment
MLS® Number-W14033798
Beds-1
Bathrooms-1
Size-800-899 sqft
Listed on site-Oct 14, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-16-30
Taxes-$2,690.49 (2026)
Maintenance-$881.2/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Flat
Foundation-Poured Concrete
Possession-Flexible
Neighbourhood-Appleby
Title-Residential Condo & Other

No agent assigned

Welcome to Hearthstone by the Lake, where independent living meets comfort, convenience and a vibrant lakeside lifestyle! Discover this beautifully updated, move-in-ready 4th-floor condo featuring 1 bedroom + den, 1 bathroom, lovely Lake Ontario views and an impressive double balcony, perfect for enjoying morning coffee, fresh lake breezes and peaceful moments outdoors. Thoughtfully refreshed throughout, this inviting suite combines modern finishes with warmth and everyday functionality. The updated kitchen features quartz countertops, custom cabinetry and appliances (2020), complemented by custom closet cabinetry, updated bathroom vanity and toilet, new interior doors, baseboards and contemporary lighting. Elegant 12" x 24" travertine-look luxury vinyl tile flooring over cork underlay adds warmth, comfort and timeless appeal. Freshly painted in 2026, this residence is ready for you to move in and enjoy! Beyond your front door, Hearthstone offers a unique lifestyle that blends the privacy and freedom of condo ownership with the benefits of an established, welcoming community. Enjoy exceptional amenities including an indoor swimming pool, fitness facilities, library, games & activity areas, full-service dining room, lounge/pub, Health and Wellness Centre, hair salon and beautifully landscaped outdoor spaces. Stay active, connected & engaged through fitness classes, social gatherings, live entertainment, educational programs and organized outings, all while enjoying the flexibility to participate at your own pace. Additional support services are available as your needs evolve, offering convenience & peace of mind without compromising independence. Ideally situated near Lake Ontario, scenic waterfront parks and walking trails, this is more than a place to call home. It's an opportunity to embrace a relaxed, fulfilling lifestyle in a community designed around your comfort, independence and enjoyment!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$343,920
Land Transfer Taxes$5,073
Legal Fees (Est.)
$
Total cash required for closing$92,553

Total Monthly Obligation

$3,040/mo
Mortgage $1,734
Monthly Loss $2,583
Principal$456
Interest$1,278
Property Tax$224
Condo Fees$881
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.7%1
5-Year IRR
9.2%30
10-Year IRR
10.2%
Returns Index
15.9/ 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
$31,596/yr
NOI
$12,772/yr
Net Cash Flow
-$670/mo
Cash Margin
-25.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo53
Risk Index
26.2/ 100

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

Comparables

Properties near 100 Burloak Drive 2416

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.