$375,000

For saleJust listed

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#505 8 Lisa Street, Brampton (Queen Street Corridor) - Single Family for Sale

#505 8 Lisa Street, Brampton (Queen Street Corridor), Ontario, L6T4S6

3 beds2 baths parking

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Investment analysis

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$375,000

Brampton

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Overview

This 3-bedroom, 2-bathroom condo in Brampton is for sale offering roughly 1,100 sq ft of space. Listed at $375,000, it is attractively priced about 10% below the $414,900 median asking price in Brampton. It has been on the market 2 days, fresher than the Brampton average of 50 days.

Condos for Sale in Brampton →All real estate in Brampton →

Description

Welcome to this beautiful, spacious 2+1 bedroom condo featuring two full washrooms.Beautifully kept, bright, and open-concept, this space is filled with natural light from large windows.You will enjoy the convenience of ensuite laundry. The well-managed building offers a full suite of resort-style amenities, including a party room.Ideally located near Major Highway 410, public transit, schools, places of worship, parks, and Brampton City Centre.An unbeatable location! (id:66096)

Property Details

MLS®: W14136998
Property Type: Single Family
Zoning: Residential
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: None
Garage: Garage, Underground
Pool: Yes
Condo Fee: $1,247/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,536.58/yr
Listed: 2 days ago

Market Timing

Days on market

Brampton (Queen Street Corridor) listings, avg age

50d

Price / ft²

$341

List price

$375K

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.

Area context

Neighbourhood profile (L6T)

This home lists at $375,000, about 4.5× the local median household income of $83,000.

Carrying it typically needs a household income of about $73,251 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $83,000
Population: 39,614
Median age: 37.2
Owner / renter: 54% / 46%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L6T)

$375,000· $341/ft²

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Full Cost Breakdown

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Down Payment5% · $18,750

Min 5%50%

Mortgage payment$1,975/mo

↳ CMHC premium ($14,250 capitalized)

Property tax (est.)$211/mo

Condo fee$1,247/mo

Total monthly$3,434

Cash Needed to Close

Down payment (5%)$18,750

Land transfer tax$4,100

Est. closing costs$3,625

Total cash needed$26,475

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#505 8 Lisa Street, Brampton (Queen Street Corridor) - Single Family for Sale

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Description

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Neighbourhood profile (L6T)

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