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Brampton West, Brampton
$1
A Rare Turnkey Opportunity for Homeowners & Investors - Legal Income-Generating Basement Apartment! Discover exceptional value in this beautifully maintained and upgraded detached home featuring 3 spacious bedrooms, 4 bathrooms, and a professionally finished Legal 2-Bedroom Basement Apartment with Separate Entrance and City of Brampton Registered Permit. An outstanding opportunity for first-time buyers, growing families, and savvy investors seeking additional rental income and long-term value.The legal basement apartment offers an estimated rental income of $1,800-$2,000/month, making it an excellent mortgage helper or investment income opportunity. Current basement tenants are quiet, respectful professionals with a strong history of timely rent payments. They are willing to remain as tenants or vacate for the new owner's occupancy, offering flexibility for both investors and end-users.The main floor boasts a spacious and functional layout, an upgraded kitchen with elegant quartz countertops and stainless steel appliances, a bright breakfast area with walk-out to the backyard, and quality finishes throughout. Perfect for large families, multi-generational living, or buyers looking to reduce their monthly mortgage burden. Ideally situated in a highly desirable, family-friendly Brampton neighbourhood, conveniently close to Walmart, Fortinos, Service Canada, Passport Canada, Dollarama, schools, parks, public transit, major shopping centres, and everyday amenities. Easy access to major highways and essential services further enhances the property's appeal. Why rent when you can own a beautiful home and let rental income help pay your mortgage? A fantastic opportunity to enjoy comfortable living while building wealth through real estate. Don't miss this exceptional mortgage-helper property!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $0
- Property tax
- $474
- Heat allowance
- $150
- Housing costs
- $624 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$19,000
gross annual household income
- Payment at 4%
- $0 / mo
- Cash down
- $0
Assumes no other monthly debts · 25-yr amortization
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