688 Cherrywood Drive, Burlington

$1,199,900
688 Cherrywood Drive

$1,199,900

New
8d
DetachedSidesplit 4

688 Cherrywood Drive, Burlington

Total Monthly Obligation $5,706

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
8d
Score
18
Yield
4.7%
Cash on Cash
-2.9%
Cap Rate
4.0%
5Y IRR
13.2%
10Y IRR
12.8%
Property Type-Detached
MLS® Number-W14082228
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-58.53 × 112 ft
Listed on site-Oct 15, 2026
Style-Sidesplit 4
Building Type-Detached
Age-51-99
Taxes-$5,888.63 (2026)
Parking-4 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-COLDWELL BANKER BURNHILL REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-East
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-LaSalle
Title-Residential Freehold

No agent assigned

Set in desirable Aldershot, South Burlington, this 1742 sq ft original-owner, four-level side split offers generous living space, classic character & room to make it your own. A double-car garage, covered porch & welcoming double-door entry lead to a spacious foyer with a double closet & direct garage access. The bright living room features hardwood floors & an updated bay window with a window seat. Enjoy separate dining with hardwood floors, bifold doors to the kitchen & a large window. The eat-in kitchen offers two windows, a double sink & pantry. The family room brings warmth with parquet flooring, a wood-burning fireplace & patio doors to the backyard, plus a convenient powder room. Upstairs, the primary bedroom features hardwood flooring, two large double closets, a generous window & private two-piece ensuite. Two additional bedrooms offer hardwood floors, updated windows & ample closet space. A four-piece main bath includes a tub/shower & window. The lower-level rec room is brightened by three large windows & finished with wood panelling. A utility room provides a double laundry sink, storage & access to additional crawlspace storage. Outside, relax or entertain in the large, fully fenced, park-like backyard with full privacy & a new gate. Features include a Lennox furnace, central air conditioning & windows, all from 2007; a flow-through humidifier; hot-water tank; and 100-amp breaker-panel electrical service. A spacious home in a sought-after neighbourhood-ready for its next chapter.

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

Closing Costs

Mortgage Amount
$959,920
Land Transfer Taxes$20,473
Legal Fees (Est.)
$
Total cash required for closing$261,953

Total Monthly Obligation

$5,706/mo
Mortgage $4,840
Monthly Loss $4,432
Principal$1,274
Interest$3,566
Property Tax$491
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.8%1
5-Year IRR
10.2%37
10-Year IRR
10.7%
Returns Index
19.5/ 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
$56,520/yr
NOI
$40,479/yr
Net Cash Flow
-$1,467/mo
Cash Margin
-31.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
18.0/ 100

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

Comparables

Properties near 688 Cherrywood Drive

Time

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