$1,499,000
1286 ONTARIO Street
Beds
—
Baths
—
Sqft
1,624
Year
—
About this home
Prime investment and development opportunity in Downtown Burlington. The property is designated for high-rise development under the Burlington Official Plan. Currently generating $3,300 per month in rental income. A rare and strategic land-bank acquisition. (id:65958)
- Subtype
- Other
- MLS#
- 40800901
- Area
- BURLINGTON
Cash on cash
-11.50%
Cap rate
3.59%
GRM
16.7
Break-even rent
$10,524
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.