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New2 hours ago

56 Mullis Crescent

Credit Valley, Brampton

$799,900

Detached|2-Storey
3 | 3 | 6
About this home

**LEGAL TWO-DWELLING UNIT !** Welcome to this beautifully maintained, fully detached home, situated on a **huge premium corner lot**, offering the perfect combination of comfortable family living and exceptional income potential. Registered with the City as a **LEGAL Two-Dwelling Unit**, this property is an outstanding choice for first-time buyers, multi-generational families, or investors. The sun-filled main level features a thoughtfully designed layout with spacious living and dining areas, an inviting eat-in kitchen enhanced by elegant quartz countertops, stylish vinyl flooring, abundant pot lights, and a convenient powder room. Walk out from the dining area to a large deck-ideal for entertaining, summer BBQs, or simply relaxing with family and friends. The upper level offers three generously sized bedrooms and a beautifully renovated full bathroom, providing plenty of space for a growing family. Elegant oak stairs add warmth and character to the home. One of the property's biggest highlights is the ** LEGAL studio Basement apartment** with its own private side entrance. Fully registered as a **LEGAL Two-Dwelling Unit**, the basement is an income-generating unit, making it an excellent mortgage helper. Enjoy the benefits of homeownership while offsetting your monthly carrying costs with rental income. Major recent upgrades provide added value and peace of mind, including a **new roof (May 2026)**, **new garage door (May 2026)**, **new furnace (June 2026)**, and **central air conditioning (2020)**. Parking will never be a concern with an impressive **6-car parking capacity**, including a **double-car garage and a driveway that accommodates four additional vehicles**-Ideally located close to schools, parks, grocery, shopping, Starbucks, places of worship, public transit, and offering quick access to Highways **401, 407, and 410**, this home delivers convenience, versatility, and outstanding value.

Extras

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Got questions?

Contact Jonathan directly.

agent
Jonathan Lee
(647) 983-0770

This seller is holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,967
Lot Size51.18 ft x 101.71 ft
mls© NumberW13644300
Listed ByRE/MAX REALTY SERVICES 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%
$4,094
Property tax
$497
Heat allowance
$150
Housing costs
$4,742 / mo

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

Down payment20% · $159,980
25-yr amortization

Income needed

$146,000

gross annual household income

Payment at 4%
$3,366 / mo
Cash down
$159,980

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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