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Listed 4 months ago

47 Brisco Street

Brampton North, Brampton

$1,375,000

Detached|Bungalow
3 | 3 | 5
About this home

Looking for income generating great Investment opportunity in the heart of Brampton or looking for yourslef with supporting income from the legal basement unit? This amazing Duplex (Legal 2 Units) Bungalow in a high demand, matured neighbourhood in Brampton is the answer to that. Main Floor Unit has 3 Bedrroms and 2 full bathrooms. Fully renovated in 2022 with open concept kitchen, living/dinnig area overlooking the front yard. All newer appliances (August 2022), pot lights, premium window coverings. Legal Basement unit has 3 Bedrooms and 1 Full Bath with Large Over ground windows which give plenty of natural light. Both units have their own laundry. Both units are currently leased and get over $5000 in rent,. Vacant possession is possible.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age31-50
Size1100-1500 sq. ft.
Property Tax$4,539
Lot Size50.06 ft x 100.12 ft
mls© NumberW13018314
Listed ByCENTURY 21 PROPERTY ZONE REALTY INC.

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%
$7,038
Property tax
$378
Heat allowance
$150
Housing costs
$7,566 / mo

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

Down payment20% · $275,000
25-yr amortization

Income needed

$233,000

gross annual household income

Payment at 4%
$5,786 / mo
Cash down
$275,000

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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