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New3 hours ago

7 Mclaughlin Road N

Downtown Brampton, Brampton

$879,000

Detached|Bungalow
3 | 2 | 8
About this home

RARE OPPORTUNITY! Impressive 55 FT x 307 FT DEEP LOT backing onto the creek with partial overlap, offering a unique opportunity in a prime Brampton location. Available Geowarehouse information references R1B zoning for the property. Certain uses, including a PLACE OF WORSHIP, may be identified or contemplated within applicable zoning provisions; however, no representation or warranty is made regarding the property's current zoning, permitted uses, development potential or suitability for any particular use. The property features a 3+2 bedroom bungalow with a finished basement and separate entrance. Available City information indicates the property was registered as a Two-Unit Dwelling on October 28, 2020. OUTSTANDING LOCATION near the busy intersection of McLaughlin Rd N & Queen St W, surrounded by established commercial plazas and everyday amenities. FreshCo, Tim Hortons, medical plazas, shopping, restaurants and transit are just steps away. Züm rapid transit and other public transportation are available nearby. Ideal opportunity for investors, builders, end users or purchasers wishing to investigate potential uses of the property. Buyer/Buyer's Agent to conduct their own due diligence and independently verify zoning, permitted uses, Two-Unit Dwelling status, lot dimensions, creek/regulated-area boundaries, conservation authority requirements, redevelopment potential and all other information with the appropriate authorities. No representation or warranty is made regarding zoning, lawful use, future use, development or redevelopment potential. Property is being sold under Power of Sale & being sold strictly "AS IS, WHERE IS."

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$6,027
Lot Size55 ft x 307.42 ft
mls© NumberW14112692
Listed BySAVE MAX REAL ESTATE INC.

Listing History

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,499
Property tax
$502
Heat allowance
$150
Housing costs
$5,151 / mo

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

Down payment20% · $175,800
25-yr amortization

Income needed

$159,000

gross annual household income

Payment at 4%
$3,699 / mo
Cash down
$175,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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