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New2 hours ago

122 Royal Palm Drive

Heart Lake East, Brampton

$950,000

Detached|2-Storey
3 | 3 | 3
About this home

Stunning 2-Storey Detached Home on Premium Ravine Lot in Heart Lake East! Beautifully maintained home backing directly onto the Heart Lake Conservation Area, offering breathtaking forest views, exceptional privacy, tranquility, and abundant natural light. The main floor features an inviting open-concept living and dining area with hardwood flooring, pot lights, and picturesque views of the conservation area. The professionally finished legal basement apartment is registered with the City of Brampton and has a separate entrance/walkout and laundry offers excellent potential for rental income or extended family living. The home is situated on a quiet street with easy access to Hwy 410 and is close to schools, places of worship, shopping, parks, trails, Heart Lake, fishing, and major amenities. Recent Updates & Improvements ($25,000): All bedroom, bathrooms, and wardrobe doors have been replaced; new blinds throughout; all baseboard trims replaced; kitchen cabinets professionally painted; all bedrooms freshly repainted; new 200 CFM bathroom exhaust fan installed; and new electric stove installed in the basement. A rare opportunity to own an income-generating home in a highly desirable location with a spectacular natural backdrop. Don't miss this one!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,427
Lot Size30 ft x 150 ft
mls© NumberW13659214
Listed ByEXP REALTY

Listing History

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  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,863
Property tax
$452
Heat allowance
$150
Housing costs
$5,465 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $190,000
25-yr amortization

Income needed

$168,000

gross annual household income

Payment at 4%
$3,998 / mo
Cash down
$190,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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