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New2 days ago

23 Marysfield Drive

Toronto Gore Rural Estate, Brampton

$1,692,000

Detached|1 1/2 Storey
3 | 2 | 8
About this home

Welcome to this magnificent estate lot home nestled in the heart of Brampton! Offering an exceptional blend of luxury, privacy, and tranquility, this rare 0.965-acre (42,022.27 sq ft) north/east facing corner lot presents an incredible opportunity for builders, investors, or end-users looking to construct their dream property....** Custom Home & Development Potential...** Massive Lot Size: Impressive 42,022.27 sq ft (0.965-acre) corner lot featuring a circular driveway with dual street frontage...** Severance Potential (Subject City/Legal Approval) : Excellent possibility to sever into 2 large lots to build 2 custom luxury homes...** Ready to Build: Architectural, mechanical, and septic drawings are already complete for a grand 5,200 sq ft custom home...** Existing Property & Holding Income: The current 3-bedroom, 2-washroom bungalow is rented month-to-month at $2,500/month plus utilities, offering immediate, steady holding income while you finalize plans and permits...** Whether you choose to build immediately, pursue lot severance, or hold for future appreciation, opportunities on estate lots of this scale in Brampton are exceedingly rare. *** Do not miss out! *** Some photos are AI / Virtually staged and cleaned.*** Being Sold As Is ***

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$8,109
Lot Size196 ft x 210 ft
mls© NumberW13772696
Listed ByHOMELIFE/MIRACLE REALTY LTD

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%
$8,660
Property tax
$676
Heat allowance
$150
Housing costs
$9,486 / mo

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

Down payment20% · $338,400
25-yr amortization

Income needed

$292,000

gross annual household income

Payment at 4%
$7,120 / mo
Cash down
$338,400

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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