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Listed 22 days ago

3 - 2226 Upper Middle Road

Brant Hills, Burlington

$614,999

Condo Townhouse |
3 | 4 | 2 | 1
About this home

This is YOUR Opportunity! RENTAL INCOME SUITE! Enjoy a large spacious 3 Bedroom Corner Townhome with over 1900 sq ft of living space with 2 parking spots in Burlington's Forest Heights Community while receiving $1000 per month of rental income from the basement! This covers your maintenance fees AND utilities with money still leftover! Fully upgraded 2 full washrooms upstairs, 1 full washroom in the basement. New paint in the kitchen, master bedroom and basement, full new flooring in basement and alley leading to front door. Basement has been renovated as an independent unit for rental, with separate entrance and can be a source of income for potential buyers. Direct Access from your unit via basement to your 2 parking spots. Condo fees include access to a heated saltwater indoor pool, two exclusive parking spaces, water, Bell Fibe internet, building insurance, windows and doors, and exterior maintenance of snow removal and landscaping. A rare highlight of this home is the underground parking with direct interior access to the unit and two exclusive parking spaces - an exceptional feature rarely found in condominium townhomes. One of few corner units with almost private space around the property, strategically located for ease of delivery to your door - first unit right at the entrance of the compound. Located close to parks, schools, shopping, transit, highways, and community amenities including an indoor pool and visitor parking. Only 7 mins by walk to Paul A Fisher Elementary School and 13 mins by walk to MM Robinson High School. Move-in ready and beautifully finished throughout. Burlington Go Station is 7 mins away by car and Public transit stop is right out of the compound.

Extras

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Got questions?

Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Townhouse
Style2-Storey
Approx. AgeNot available
Size1200-1399 sq. ft.
Maintenance Fees$833
LockerEnsuite
BalconyNone
ExposureEast
Parking TypeUnderground
Parking Spaces2
Parking FeaturesNone
Property Tax$3,218
mls© NumberW13562138
Listed ByTHE CANADIAN HOME REALTY INC.
Building Insurance Included
Common Elements Included
Cable TV Included
Parking Included
Water Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,148
Property tax
$268
Heat allowance
$150
Condo fees, half counted
$416
Housing costs
$3,982 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $123,000
25-yr amortization

Income needed

$123,000

gross annual household income

Payment at 4%
$2,588 / mo
Cash down
$123,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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