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Investment signal

$575,000

306 BURLINGTON CRESCENT

Beds

4

Baths

2

Sqft

Year

About this home

WELCOME TO 306 BURLINGTON CRESCENT - A SPACIOUS, ALL-BRICK RANCH FEATURING 2 KITCHENS, 3+1BEDROOMS, AND A SEPARATE ENTRANCE, OFFERING EXCELLENT INCOME OR IN-LAW SUITE POTENTIAL. CONVENIENTLY LOCATED CLOSE TO SCHOOLS, SHOPPING, PARKS, AND BUS STOPS, THIS HOME COMBINES ACCESSIBILITY WITH COMFORT. THE MAIN FLOOR BOASTS 3 GENEROUS BEDROOMS AND A BRIGHT, INVITING LIVING ROOM WITH A COZY GAS FIREPLACE AND LARGE WINDOWS WITH CALIFORNIA SHUTTERS. THE UPDATED KITCHEN FEATURES OAK CABINETRY, GRANITE COUNTERTOPS, AND A MOVABLE ISLAND, COMPLEMENTED BY HARDWOOD AND CERAMIC FLOORING THROUGHOUT. A BEAUTIFULLY REMODELED BATHROOM COMPLETES THIS LEVEL, ALONG WITH MAIN-FLOOR WASHER AND DRYER CONNECTIONS FOR ADDED CONVENIENCE. THE FULLY FINISHED LOWER LEVEL OFFERS INCREDIBLE VERSATILITY WITH A SECOND KITCHEN, REC ROOM, BEDROOM, AND FULL BATHROOM-PERFECT FOR MULTI-GENERATIONAL LIVING OR RENTAL INCOME OPPORTUNITIES-WITH ITS OWN SEPARATE SIDE ENTRY. STEP OUTSIDE TO A NEWLY FENCED BACKYARD, IDEAL FOR ENTERTAINING OR RELAXING. THE DOUBLE INTERLOCKING BRICK DRIVEWAY PROVIDES PARKING FOR UP TO 6 VEHICLES AND LEADS TO A 1.5-CARDETACHED GARAGE-ENHANCED BY NO SIDEWALK, MAXIMIZING PARKING SPACE. LOCATED JUST 2.9 KM FROM VICTORIA HOSPITAL AND ONLY 5 MINUTES TO HIGHWAY 401, THIS HOME ENSURES EXCELLENT ACCESSIBILITY FOR COMMUTERS AND FAMILIES ALIKE. ADDITIONAL HIGHLIGHTS INCLUDE NEWER WINDOWS AND A COMPLETE APPLIANCE PACKAGE: 2 STOVES, 2FRIDGES, DISHWASHER, WASHER, DRYER, FREEZER, 2 MICROWAVES, AND ALL WINDOW COVERINGS.AN EXCEPTIONAL OPPORTUNITY TO OWN A MOVE-IN-READY HOME WITH BUILT-IN INCOME POTENTIAL IN A PRIME, CONVENIENT LOCATION. (id:65958)

Subtype
Single Family
Architectural style
Bungalow
MLS#
X13006680
Area
LONDON_SOUTH_(SOUTH_J)
Negative cash flow ~$1,129/mo at these assumptions

Cash on cash

-11.78%

Cap rate

3.53%

GRM

16.5

Break-even rent

$4,089

Financing

Down payment$115,000
Loan amount$460,000
Mortgage$2,822/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$264
Insurance$80
Maintenance$479
CapEx reserve$240
Vacancy loss$145

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

Estimated $2,822/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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