442 Maple Avenue 606, Burlington

$1,249,900
442 Maple Avenue 606

$1,249,900

New
3d
Condo ApartmentApartment

442 Maple Avenue 606, Burlington

Total Monthly Obligation $7,141

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
3d
Score
14
Yield
3.9%
Cash on Cash
-12.2%
Cap Rate
2.0%
5Y IRR
6.0%
10Y IRR
7.2%
Property Type-Condo Apartment
MLS® Number-W14098366
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 20, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$5,625 (2026)
Maintenance-$1,430/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Fan Coil (Gas)
Brokerage-RE/MAX ABOUTOWNE REALTY CORP.
Cooling-Central Air
Laundry-Yes
Fireplace-Electric
Pool-None
Exterior-Brick, Stucco (Plaster)
Roof-Flat
Possession-flexible
Neighbourhood-Brant
Title-Residential Condo & Other

No agent assigned

Welcome to Spencer's Landing. This 2 bedroom plus den/2 full bathroom almost 1400 square feet has been completely, professionally renovated with the finest finishes. Approximately $200,000 spent in demolition and renovations. South and east facing with views of the lake. Custom kitchen by The Wright Kitchen with sleek quartz countertops, all new high end appliances, stylish tiled backsplash, pot lights and Coretec wideplank flooring throughout. Both baths renovated: new cabinets, high end lighting, custom tile work and top of the line faucets. Professionally painted with all new door hardware. New premium quality lighting installed throughout. In suite laundry. 2 brand new heat coil units installed October 2026 ($7650). All this adds up to "A picture to Behold". One parking spot and one locker. Pet friendly building allows one dog or two cats. Resort like amenities include: indoor swimming pool and hot tub, steam room, party room/lounge/billiards room, gym, barbeque area, concierge, guest suites, plenty of visitor parking. All inclusive Condo fees include: heat, hydro, water, cable, high speed Bell Fibe internet. Just steps to the shops and incredible food scene in downtown Burlington, Performing Arts Centre, Art Gallery of Burlington, Joe Brant Hospital, lakefront trails and Spencer Smith park. Its like being in a luxurious hotel.

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

Closing Costs

Mortgage Amount
$999,920
Land Transfer Taxes$21,473
Legal Fees (Est.)
$
Total cash required for closing$272,953

Total Monthly Obligation

$7,141/mo
Mortgage $5,042
Monthly Loss $5,814
Principal$1,327
Interest$3,715
Property Tax$469
Condo Fees$1,430
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.5%10
Cash-on-Cash
-15.4%0
5-Year IRR
3.7%8
10-Year IRR
5.9%
Returns Index
5.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$49,332/yr
NOI
$19,214/yr
Net Cash Flow
-$3,441/mo
Cash Margin
-83.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.322
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo21
Risk Index
13.9/ 100

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

Comparables

Properties near 442 Maple Avenue 606

Time

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