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Listed 3 months ago

28 Royal Salisbury Way

Madoc, Brampton

$889,000

Semi-Detached |Bungalow-Raised
3 | 2 | 4
About this home

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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agent
Angela Montano
(647) 283-2643
TypeSemi-Detached
StyleBungalow-Raised
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,115
Lot Size30 ft x 100.01 ft
mls© NumberW13218532
Listed ByNEWGEN 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.

Down payment20% · $177,800
25-yr amortization

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 check

Investment Analysis

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

Values and trends

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