40 Ellis Drive
Southgate, Brampton
$525,000
**Attention First-Time Buyers, Investors & Savvy Homebuyers!** Don't Miss This Fantastic Opportunity To Own A 3-Bedroom, 2-Bathroom Condo Townhouse In Brampton's Established Southgate Community! Featuring A Functional Multi-Level Layout, Finished Lower Level, Built-In Garage With Interior Access And Driveway Parking, This Home Offers Incredible Potential To Make It Your Own. Conveniently Located Near Schools, Parks, Shopping, Transit And Major Routes. **Power Of Sale - An Excellent Opportunity To Unlock Value!** Property Sold Under Power Of Sale in As-Is, Where-is Condition.
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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.
Listing History
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,687
- Property tax
- $279
- Heat allowance
- $150
- Condo fees, half counted
- $232
- Housing costs
- $3,348 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$103,000
gross annual household income
- Payment at 4%
- $2,209 / mo
- Cash down
- $105,000
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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