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Listed 4 months ago

47 Elizabeth Street N

Downtown Brampton, Brampton

$1,995,000

Detached|2-Storey
6 | 6 | 4
About this home

Attention Investors & Developers! This 8,990.9 sq ft lot site offers Exceptional Opportunity in the Heart of Downtown Brampton Directly Across from the GO Station. This rapidly developing area is experiencing significant growth with numerous new condo developments underway. The property is being sold primarily for land value. Please note: the existing structure has sustained fire damage. Ideal location for future development in a high-demand, transit-oriented neighborhood.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$7,960
Lot Size54.13 ft x 166.1 ft
mls© NumberW12997564
Listed ByRE/MAX SPECIALISTS TAVSELLS INC.

Listing History

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

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What the bank counts

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

Mortgage, tested at 6%
$10,211
Property tax
$663
Heat allowance
$150
Housing costs
$11,025 / mo

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

Down payment20% · $399,000
25-yr amortization

Income needed

$339,000

gross annual household income

Payment at 4%
$8,395 / mo
Cash down
$399,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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