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New2 hours ago

32 Madison Street

Central Park, Brampton

$920,000

Semi-Detached |Backsplit 5
3 | 4 | 8
About this home

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.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeSemi-Detached
StyleBacksplit 5
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$5,967
Lot Size23.32 ft x 105.63 ft
mls© NumberW13858514
Listed ByROYAL LEPAGE SIGNATURE REALTY

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%
$4,709
Property tax
$497
Heat allowance
$150
Housing costs
$5,356 / mo

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

Down payment20% · $184,000
25-yr amortization

Income needed

$165,000

gross annual household income

Payment at 4%
$3,872 / mo
Cash down
$184,000

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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