$850,000

For sale

32 Madison Street, Brampton (Central Park) - Single Family for Sale

32 Madison Street, Brampton (Central Park), Ontario, L6S3C5

7 beds4 baths8 parking1,750 ft²23 × 106 ft (2,460 sq ft) lot sizeListed 32 days ago

Overview

This 7-bedroom, 4-bathroom home in Brampton is for sale offering roughly 1,750 sq ft of space. It has been on the market 32 days, fresher than the Brampton average of 50 days.

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Description

Rare Opportunity To Own A 3-Unit Semi-Detached Home, With Each Unit Featuring Its Own Separate Entrance. The Upper Level Offers 3 Bedrooms, 1.5 Bathrooms, A Spacious Living Area With Balcony Walkout, And A Well-Designed Kitchen And Dining Area. The Main Level Features 2 Bedrooms, 1 Bathroom, A Bright Living Space And Separate Kitchen, While The 2-Bedroom Basement Suite Offers The Added Benefit Of A Walkout.Situated On A Large Pie-Shaped Ravine Lot, This Home Offers An Expansive Backyard With A Peaceful Natural Setting And A Small Water Stream Visible From The Property. With 8-Car Parking, Generous Living Space, And A Unique Layout, This Property Offers Both Lifestyle And Income Potential.Currently Generating $6000/Month + Utilities, This Is An Excellent Opportunity For First-Time Buyers To Live In One Unit While Generating Rental Income From The Others, Or For Investors Seeking A Multi-Unit Property. Rarely Does A Property Offer This Combination Of Space, Income, Parking, And Ravine Living. Please See The Attached Brochures For Additional Details. Move-in date for November 1st. (id:66096)

Property Details

MLS®: W13858514
Property Type: Single Family
Zoning: Res
Bedrooms: 7
Beds (above / below): 3 above · 4 below
Bathrooms: 4
Half Baths: 1
Parking: 8
Interior Size: 1,750 ft²
Lot Size: 23 × 106 ft (2,460 sq ft)
Frontage: 23 ft
Basement: Finished, Separate entrance, Walk out, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold

Rooms

Upper Level

Living room: 7.4 x 3.85 meters
Kitchen: 5.5 x 3.85 meters
Primary Bedroom: 3.8 x 2.85 meters
Bedroom 2: 2.9 x 2.85 meters
Bedroom 3: 2.75 x 2.75 meters

Basement

Bedroom 2
Living room
Primary Bedroom

Main level

Living room: 3.2 x 3.35 meters
Primary Bedroom
Bedroom 2

Features

Appliances: Range, Window Coverings, Water Heater
Flooring: Laminate, Ceramic
Foundation: Concrete
Exterior: Brick
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

32d

Brampton (Central Park) listings, avg age

50d

Price / ft²

$486

List price

$850K

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 7-bed single family in Brampton (Central Park) has been listed for 32 days, which is 18 days fresher than the city average of 50. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · Gagandeep Kaur

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L6S)

This home lists at $850,000, about 8.1× the local median household income of $105,000.

Carrying it typically needs a household income of about $166,035 (20% down, 25-yr amortization, stress-tested) — roughly 58% above the area median.

Median household income: $105,000
Population: 54,361
Median age: 38.8
Owner / renter: 82% / 18%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA L6S)

$850,000· $486/ft²

For sale

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Full Cost Breakdown

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Down Payment7.06% · $60,000

Min 7.06%50%

Mortgage payment$4,380/mo

↳ CMHC premium ($31,600 capitalized)

Property tax (est.)$497/mo

Total monthly$4,877

Cash Needed to Close

Down payment (7.06%)$60,000

Land transfer tax$13,475

Est. closing costs$5,050

Total cash needed$78,525

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