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Madoc, Brampton
$799,999
3 Bedroom Legal Basement Welcome to 144 Abell Drive, located in Brampton's highly desirable Madoc community! This bright and spacious 5-level semi-detached backsplit is a fantastic opportunity for first-time home buyers and investors alike. Featuring two self-contained units, eachoffering 3 bedrooms, this home provides excellent income potential with a legal basement apartment ideal for living in one unit while renting outthe other to offset mortgage costs. The upper unit is currently tenanted and offers a spacious family-sized kitchen, large living and dining areas,plus a walkout balcony. The lower legal unit features a cozy living area, generous space throughout, and a walkout to the fully fenced backyard.Recent upgrades include 3 full washrooms, fully renovated bathrooms, Upper floor flooring for family and dining area , fresh paint, and modernfinishes throughout the home. Designed for both privacy and convenience, this property includes 3 separate entrances and separate laundry foreach unit. Situated on a 36 x 100 ft lot in a family-friendly neighbourhood, you're just minutes from parks, schools, shopping, communityamenities, and convenient access to Highway 410 for easy commuting.
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| Type | Semi-Detached |
| Style | Backsplit 5 |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $5,223 |
| Lot Size | 36.37 ft x 100 ft |
| mls© Number | W13232972 |
| Listed By | RE/MAX EXCELLENCE REAL ESTATE |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,095
- Property tax
- $435
- Heat allowance
- $150
- Housing costs
- $4,680 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$144,000
gross annual household income
- Payment at 4%
- $3,367 / mo
- Cash down
- $160,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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