









122 Royal Palm Drive
Heart Lake East, Brampton
$950,000
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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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,427 |
| Lot Size | 30 ft x 150 ft |
| mls© Number | W13659214 |
| Listed By | EXP REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,863
- Property tax
- $452
- Heat allowance
- $150
- Housing costs
- $5,465 / mo
Lenders cap these at 39% of gross income — that sets the number.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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