115-2040 Cleaver Avenue, Burlington, ON
Headon, Burlington · MLS® W13776132
About this home
In short
- Welcome To Unit 115 In The Wonderful Community Minded And Well Managed Complex Of 2040 Cleaver Avenue.
- A Prime Location In Burlington Near A Large Array Of Schools, Beautiful Parks, A Variety Of Amenities, Close To Highways And Less Than A 20 Minute Drive To The...
- Other Featured Upgrades Include A New Stove 2026, 3-Year-Old Stackable Washer And Dryer, Bosch Dishwasher, Ceramic Backsplash, Owned Water Heater, And A Recent...
Welcome To Unit 115 In The Wonderful Community Minded And Well Managed Complex Of 2040 Cleaver Avenue. A Prime Location In Burlington Near A Large Array Of Schools, Beautiful Parks, A Variety Of Amenities, Close To Highways And Less Than A 20 Minute Drive To The Burlington Go Station. This Unit Is Perfect For First Time Buyers And Seniors With A Very Convenient And Efficient Use Of Space. The Unit Itself Has Had Recent Upgrades With New Laminate Flooring And Freshly Painted Walls Throughout To Give It A Clean Modern Feel While Also Having A Touch Of Nature As The Unit Backs Onto Lush Greenery Space To Compliment The Already Peaceful Serene Area. Other Featured Upgrades Include A New Stove 2026, 3-Year-Old Stackable Washer And Dryer, Bosch Dishwasher, Ceramic Backsplash, Owned Water Heater, And A Recent Balcony Upgrade. Unit Includes A RARE TWO Parking Spaces With One Being Right Out Your Front Door And The Other One Being Underground Parking. Close To The Stairwell Entrance, Which Is Great For Those Cold Snowy Winter Days, Also Includes A Locker For All Your Storage Needs.
Key facts
- Property type
- Condo Townhouse, Stacked Townhouse
- MLS®
- W13776132
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600-699 sq ft
- Cross streets
- Walkers/Upper Middle
- Parking
- 1 garage · 2 parking (underground)
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Aluminum Siding, Brick
- Maintenance
- $560/mo
- Exposure
- West
- Property tax
- $2,390 / 2025
- Days on market
- 10
- Listing brokerage
- ROYAL LEPAGE REALTY CENTRE
Rooms
laminate · double closet · picture window
laminate · w/o to balcony
laminate · 4 pc bath
laminate · breakfast bar · overlooks living
laminate · overlooks living
Listed at $399,900. Going by how homes in Headon and the wider GTA have actually closed against their asking prices (about 97%, 9 local closings in 90 days), the likely sale price is near $389K, if it sells. A realistic range is $366K to $421K.
Independent value check: $390K. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $363K and $410K).
Why $390K. The typical townhouse sold in Headon over the past year went for about $742K (46 sales). What sets this one apart:
- ▼ Lowers it strongly1 bedrooms and 1 baths, against 3 and 3 typically.
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $2,390 a year; the typical home sold here pays about $3,600.
- ▼ Lowers it stronglyIt is 600 to 699 sq ft; the typical home sold here is 1,200 to 1,399.
Total price vs nearby homes. Likely closing about $389K, from 9 recent closings in this pocket.
The market behind the math:
About 1.7 months of inventory: 5 condo townhouse homes for sale in the area against 9 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $616/sqft against an area asking average of $480/sqft.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. A premium that comparable-sales math under-prices, so read the estimate as a floor.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 9 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $419K. Condition and finishes remain an in-person call.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Headon, so I widened the search to the surrounding area.
Based on 9 comparable homes that sold in Headon over the past two years, from 89 closings there.
For sale
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For saleNothing closely matching this home is listed nearby right now, so these are the nearest condo townhouse listings on the market. Homes like this one have recently closed around $390K, which is where my estimate comes from.
Per square foot, these ask about $480/sqft; this home lists at $616/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Headon, Burlington, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Burlington.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 23, 2026); conventional rates run a little higher.
Mortgage amount $319,920 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,751
- Property tax
- $199
- Condo / maintenance fees
- $560
- Heating
- $0
- Estimated monthly cost
- $2,510
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,474
- Estimated closing costs
- $4,474
Plus your down payment of $79,980. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $105,070
- Principal paid down
- $39,556
- Interest paid
- $65,514
- Balance remaining
- $280,364
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 5 whole-home leases in Headon signed at a median of $2,637 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,210. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE REALTY CENTRE. MLS®/PropTx.