340 Duncombe Drive, Burlington

$949,000
340 Duncombe Drive

$949,000

New
8d
DetachedSidesplit

340 Duncombe Drive, Burlington

Total Monthly Obligation $4,619

Beds
3
Baths
2
Park
4
Sqft
700-1100
DOM
8d
Score
18
Yield
4.7%
Cash on Cash
-3.4%
Cap Rate
3.9%
5Y IRR
12.9%
10Y IRR
12.5%
Property Type-Detached
MLS® Number-W14080180
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-120 × 60 ft
Listed on site-Oct 15, 2026
Style-Sidesplit
Building Type-Detached
Age-51-99
Taxes-$4,995.19 (2026)
Parking-4 - None
Basement-Finished, Walk-Up, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX ABOUTOWNE REALTY CORP.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Appleby
Title-Residential Freehold

No agent assigned

Welcome to 340 Duncombe Drive, where stylish renovations, an incredible 120 x 60 ft corner lot and a sought-after South Burlington location come together. Nestled in the heart of Elizabeth Gardens, this beautifully renovated 3-bedroom, 2-bathroom side-split offers bright, open-concept living with a layout made for both everyday life and entertaining. Upstairs, you'll find three generously sized bedrooms and a 4-piece bathroom, while the lower level provides additional living space, a 3-piece bathroom and laundry. A walkout from the basement adds flexibility and exciting potential for a future in-law suite or income-generating space. Outside, the spacious and private backyard is made to be enjoyed, complete with a gazebo, plenty of room to entertain and large sheds for exceptional storage. The oversized driveway offers parking for up to four vehicles. Located south of New Street, you're just minutes from the lake, scenic trails, parks, schools, shopping and everyday amenities-with plenty within walking distance. Renovated, move-in ready and full of future potential, this is a home that truly checks all the boxes in one of Burlington's most desirable neighbourhoods.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$759,200
Land Transfer Taxes$15,455
Legal Fees (Est.)
$
Total cash required for closing$206,755

Total Monthly Obligation

$4,619/mo
Mortgage $3,828
Monthly Loss $3,612
Principal$1,007
Interest$2,821
Property Tax$416
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.6%1
5-Year IRR
9.6%33
10-Year IRR
10.2%
Returns Index
17.6/ 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
$44,400/yr
NOI
$30,465/yr
Net Cash Flow
-$1,289/mo
Cash Margin
-34.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
19.8/ 100

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

Comparables

Properties near 340 Duncombe Drive

Time

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