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Madoc, Brampton
$889,000
Location Location Location!! 2 Bedroom Legal Walk Out Basement, Amazing Opportunity For First Time Home Buyers Looking To Supplement Income Through Rental Potential & Investors Seeking A Property With Strong Cash Flow Prospect To Own 3 Bedroom Semi Detached Raised Bungalow With 2 Bedroom Legal Walk Out Basement With Occupancy Permit In One Of The Demanding Neighborhood Of Madoc In Brampton, This Semi Detached Bungalow Offer Combined Living/Dining Room With W/O To Good Size Balcony To Entertain Gathering, Kitchen With S/S Appliances/Quartz Counter/Backsplash/Centre Island, Primary Bedroom With Good Size Closet & Window & Other 2 Good Size Room With Closet & Windows, Full Bathroom On Main & Laundry, The Legal 2 Basement Offer Living Room Combined With Kitchen & 2 Good Size Bedroom With 3 Pc Bath & Separate Laundry & With Two Separate Basement Entrances (Front And Back) For Added Convenience. This House Has a Huge Backyard to Entertain Big Gathering, Parking Is A Major Advantage With Three Driveway Spaces Plus One Garage Parking. Conveniently Located Near Highway 410, Public Transit, Schools, And Shopping Malls, This Property Sits In A High-Demand Rental Area With Excellent Accessibility, A Turnkey Investment With Immediate Rental Income, Strong Upside, And Long-Term Appreciation Potential. Live In One Unit And Rent The Other Or Add A Solid Asset To Your Portfolio, A Must-See Opportunity-Book Your Showing Today, Buyer Can Get Vacant Possession or Assuming Tenant Is Optional.
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| Type | Semi-Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,115 |
| Lot Size | 30 ft x 100.01 ft |
| mls© Number | W13218532 |
| Listed By | NEWGEN REALTY EXPERTS |
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%
- $4,550
- Property tax
- $426
- Heat allowance
- $150
- Housing costs
- $5,127 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$158,000
gross annual household income
- Payment at 4%
- $3,741 / mo
- Cash down
- $177,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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