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New1 hour ago

251 ELGIN Drive

Fletcher's West, Brampton

$999,999

Detached|2-Storey
4 | 5 | 4
About this home

Rare Opportunity in Brampton! Welcome to 251 Elgin Drive, a spacious detached home offering the perfect combination of family living and income generating potential. Featuring 4 bedrooms on the second floor plus a fully finished legal 3-bedroom basement apartment with a separate entrance, this property offers an impressive 7 bedrooms in total. Positioned facing a beautiful ravine, the home enjoys a peaceful and scenic setting while offering plenty of space for growing or multi-generational families. The property also features a double-car garage, generous living space, and the added flexibility of a completely separate legal basement unit. Whether you're looking to accommodate an extended family or take advantage of the property's rental income potential, this home delivers exceptional versatility. With 7 total bedrooms, a legal income-generating basement apartment, separate entrance, double-car garage, detached layout, and ravine-facing location, 251 Elgin Drive is a unique opportunity for homeowners and investors alike.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$6,869
Lot Size40.08 ft x 108.41 ft
mls© NumberW13691088
Listed ByROYAL LEPAGE CERTIFIED REALTY

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%
$5,118
Property tax
$572
Heat allowance
$150
Housing costs
$5,841 / mo

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

Down payment20% · $200,000
25-yr amortization

Income needed

$180,000

gross annual household income

Payment at 4%
$4,208 / mo
Cash down
$200,000

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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