$749,900

For sale

16 Wellington Street East, Brampton (Downtown Brampton) - Single Family for Sale

16 Wellington Street East, Brampton (Downtown Brampton), Ontario, L6W1Y2

4 beds2 baths4 parking2,750 ft²62 × 118 ft (7,257 sq ft) lot sizeListed 19 days ago

Overview

This 4-bedroom, 2-bathroom home in Brampton is for sale offering roughly 2,750 sq ft of space. Listed at $749,900, it is attractively priced about 10% below the $829,900 median asking price in Brampton. It has been on the market 19 days, fresher than the Brampton average of 107 days.

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Description

Attention Multi-Generational Families And Investors!!! Downtown Brampton, Two-Unit Dwelling, Registered With The City Of Brampton. Great Opportunity. Both Units Are Currently Tenanted And Have Separate Entrances. This Detached Century Home Has Total Parking For 4 Cars, Which Includes A Single-Car Garage. Separate Hydro Meters And Separate Electrical Breaker Panels. Lower Level Tenants Pay $2000 A Month Plus Hydro And UpperUnit Tenant Pays $1587 A Month Utilities Included. Landlord pays water, gas, and upstairs hydro. Tenants are on month-to-month and would like to stay. Buyer To Assume Tenants. Roof replaced (2021); skylight (2024); new gas meter (2024). This Home Is In A Prime Location Close To All Amenities. Walking Distance To Gage Park,Go Station, And Local Shops And Restaurants.Excellent Opportunity. (id:66096)

Property Details

MLS®: W14085890
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 2,750 ft²
Lot Size: 62 × 118 ft (7,257 sq ft)
Frontage: 62 ft
Storeys: 2
Basement: Unfinished, Full
Heating: Radiant heat, Natural gas
Cooling: None
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $8,209.65/yr
Listed

Rooms

Ground level

Living room: 4.88 x 4.57 meters
Dining room: 3.35 x 3.35 meters
Kitchen: 4.27 x 2.74 meters
Primary Bedroom: 4.57 x 4.57 meters
Bedroom 2: 4.27 x 3.05 meters

Second level

Living room: 5.2 x 4.4 meters
Kitchen: 3.7 x 3.3 meters
Primary Bedroom: 4.9 x 4.1 meters
Bedroom 2: 4.4 x 4.1 meters

Third level

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Garage door opener, Water Heater
Flooring: Hardwood, Carpeted, Vinyl
Foundation: Stone
Exterior: Brick
Lot Features: Sump Pump

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

19d

Brampton (Downtown Brampton) listings, avg age

107d

Price / ft²

$273

List price

$750K

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 4-bed single family in Brampton (Downtown Brampton) has been listed for 19 days, which is 88 days fresher than the city average of 107. Act while there is still low competition.

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Listed by RE/MAX REALTY SPECIALISTS INC. · LESLIE ANN BRAFIELD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L6W)

This home lists at $749,900, about 8.6× the local median household income of $87,000.

Carrying it typically needs a household income of about $146,482 (20% down, 25-yr amortization, stress-tested) — roughly 68% above the area median.

Median household income: $87,000
Population: 23,547
Median age: 40.8
Owner / renter: 61% / 39%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA L6W)

$749,900· $273/ft²

For sale

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Full Cost Breakdown

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Down Payment6.67% · $49,990.00

Min 6.67%50%

Mortgage payment$3,880/mo

↳ CMHC premium ($27,996 capitalized)

Property tax (est.)$684/mo

Total monthly$4,565

Cash Needed to Close

Down payment (6.67%)$49,990

Land transfer tax$11,473

Est. closing costs$4,750

Total cash needed$66,213

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