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Northwood Park, Brampton
$899,000
Detached, All Brick, 6 Bedroom + 2 Bedroom** Legal Basement Apt With Sep Entrance^^steps To All Schools ( Ukg To 12 Grades), Garage convert into a Apartment Upgraded Roof And Furnace **Just Move In Condition** Well Maintained Family Home **Near Bus Stop, Plaza, David Suzuki School Etc**Property Features & Rental Income Information. A legal basement apartment, a rooftop solar panel system, and multiple income-generating living spaces. The property offers five bedrooms, each currently rented at $610 per month, and one additional bedroom rented at $850 per month. The separate garage apartment generates rental income of $1,250 per month. The legal basement apartment was previously rented for $1,500 per month; however, it is currently occupied by the owner's son and is not generating rental income. Solar System: The rooftop solar system has an original 20-year term, with approximately 10 years remaining. Buyers are encouraged to verify the solar agreement and any associated obligations. Rental Income Details: Five bedrooms: $610/month each ($3,050 total)One additional bedroom: $850/month Garage apartment: $1,250/month Basement apartment: Previously rented for $1,500/month; currently occupied by the owner's son. Total Current Monthly Rental Income: $5,150, excluding the basement apartment. The property offers attractive rental income potential with multiple accommodations and a rooftop solar system.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $5,715 |
| Lot Size | 28.08 ft x 111.17 ft |
| mls© Number | W14135718 |
| Listed By | RE/MAX PRESIDENT REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,601
- Property tax
- $476
- Heat allowance
- $150
- Housing costs
- $5,228 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$161,000
gross annual household income
- Payment at 4%
- $3,783 / mo
- Cash down
- $179,800
Assumes no other monthly debts · 25-yr amortization
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