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Madoc, Brampton
$735,000
Attention Buyers & Investors! Discover this semi-detached raised bungalow in a prime, highly sought-after Brampton location. Perfect for multi-generational families or those looking to offset their mortgage with an income stream, this property offers incredible opportunity. The spacious main level welcomes you with an open, sun-filled layout featuring three bedrooms and one full bathroom. Walkout self contained second dwelling registered with the City of Brampton complete with its own private bathroom and independent living space. Laundry is centrally located in the garage, offering perfect, hassle-free shared or private access for both levels without infringing on anyone's living area. The legal status of the basement is a massive advantage for financing: major Canadian lenders will recognize the rental income from a registered suite, allowing you to use it to boost qualification. Enjoy capital upgrades already completed: all windows replaced (2021), roof shingles replaced (2022), and central AC replaced (2024). Nestled in a prime location just minutes from Highway 410, schools, local parks, and walking trails. Flexible closing available. Great opportunity to own a cash-flowing asset in a commuter-friendly neighbourhood.
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| Type | Semi-Detached |
| Style | Bungalow-Raised |
| Approx. Age | 31-50 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,151 |
| Lot Size | 30 ft x 100 ft |
| mls© Number | W14105492 |
| Listed By | RE/MAX REAL ESTATE CENTRE 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%
- $3,762
- Property tax
- $429
- Heat allowance
- $150
- Housing costs
- $4,341 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$134,000
gross annual household income
- Payment at 4%
- $3,093 / mo
- Cash down
- $147,000
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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