$779,000

For sale

13 Cumberland Drive, Brampton (Brampton North) - Single Family for Sale

13 Cumberland Drive, Brampton (Brampton North), Ontario, L6V1W5

5 beds3 baths10 parking900 ft²45 × 117 ft (5,274 sq ft) lot sizeListed 18 days ago

Overview

This 5-bedroom, 3-bathroom home in Brampton is for sale offering roughly 900 sq ft of space. Its $779,000 asking price sits right in line with the $779,900 median in Brampton. It has been on the market 18 days, fresher than the Brampton average of 59 days.

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Description

Welcome to 13 Cumberland Dr! This 3-bedroom raised bungalow offers an exceptional investment opportunity with 2-bedroom basement apartment, perfect for generating significant rental income. Situated on a premium 45x117 ft lot in the heart of Brampton, this property is truly a turnkey investment. The main floor has hardwood flooring throughout, 2 full Washrooms, modern light fixtures, a renovated kitchen with quartz countertops & Stainless Steel Appliances. A spacious living room with a large bay window and three generously sized bedrooms complete the upper level. The highlight for investors/ first time home buyers is 2-bedroom basement apartment, complete with a separate entrance and its own laundry facilities. This unit presents an ideal solution for offsetting mortgage costs or maximizing your return on investment. The property also offers ten parking spaces, a fenced backyard with a deck and has seen recent upgrades including a new roof (2024), furnace (2024). Prime location, walking distance to public transit, Hwy 410, top-rated schools, hospitals, and amenities like Bramalea City Centre, Tim Hortons. This property is perfect for savvy investors seeking strong rental potential or first-time home buyers looking to subsidize their living expenses. (id:66096)

Property Details

MLS®: W14089174
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 3
Parking: 10
Interior Size: 900 ft²
Lot Size: 45 × 117 ft (5,274 sq ft)
Frontage: 45 ft
Storeys: 1
Style: Raised bungalow
Basement: Apartment in basement, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership: Freehold

Rooms

Main level

Dining room: 5.74 x 4.67 meters
Living room: 5.74 x 4.67 meters
Kitchen: 4.36 x 2.97 meters
Primary Bedroom: 4.08 x 3.08 meters
Bedroom 2: 3.28 x 2.9 meters
Bedroom 3: 2.77 x 2.77 meters
Bathroom

Basement

Bedroom 4
Bedroom 5

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Dishwasher, Dryer, Two stoves, Window Coverings, Two Washers
Flooring: Hardwood, Laminate, Ceramic, Vinyl
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

18d

Brampton (Brampton North) listings, avg age

59d

Price / ft²

$866

List price

$779K

Homes here sell faster than most markets

Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 5-bed single family in Brampton (Brampton North) has been listed for 18 days, which is 41 days fresher than the city average of 59. Act while there is still low competition.

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Listed by RE/MAX MILLENNIUM REAL ESTATE · IMRAN ALI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L6V)

This home lists at $779,000, about 8.4× the local median household income of $93,000.

Carrying it typically needs a household income of about $152,166 (20% down, 25-yr amortization, stress-tested) — roughly 64% above the area median.

Median household income: $93,000
Population: 42,392
Median age: 37.6
Owner / renter: 69% / 31%
Avg. household size: 3

Source: Statistics Canada, 2021 Census (FSA L6V)

$779,000· $866/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment6.79% · $52,900.00

Min 6.79%50%

Mortgage payment$4,026/mo

↳ CMHC premium ($29,044 capitalized)

Property tax (est.)$402/mo

Total monthly$4,428

Cash Needed to Close

Down payment (6.79%)$52,900

Land transfer tax$12,055

Est. closing costs$4,837

Total cash needed$69,792

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