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New1 hour ago

37 Rosedale Avenue W

Downtown Brampton, Brampton

$397,000

Detached|Bungalow
0 | 0 | 3
About this home

Great Opportunity in the Heart of Downtown Brampton! Fire-damaged property offering excellent potential for renovation or new construction, ideally located in the heart of downtown Brampton. Just steps away from the theatre, GO Station, university, shopping, and beautiful parks. This property offers an outstanding location with plenty of possibilities. The current owner has already spent $15,000 on demolition and cleanup. There are Two Options to Choose From: OPTION 1 - Build a Brand-New Home. A building permit has already been obtained from the City for the construction of a new house on this lot. The permit may be transferable to the new owner, subject to the City's approval. OPTIONI 2 - Renovate into a DUPLEX. The seller has already invested in architectural drawings and an engineering report and has applied to the City for a renovation permit to convert the existing house into a duplex, featuring: Main level: 2 bedrooms, bathroom, kitchen. Basement: 2 bedrooms, bathroom, kitchen. The architectural drawings, engineering report, and permit application can be made available to the new owner, subject to the applicable City requirements. The seller can also provide the contact information for a contractor who can undertake the renovation. Property sold As Is Where Is. An excellent opportunity for builders, investors, or buyers looking to create a customized property in a prime downtown location. Listing Agent has interest in the property.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age31-50
Size< 700 sq. ft.
Property Tax$4,490
Lot Size40 ft x 55 ft
mls© NumberW13864632
Listed ByJN REALTY

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$2,032
Property tax
$374
Heat allowance
$150
Housing costs
$2,556 / mo

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

Down payment20% · $79,400
25-yr amortization

Income needed

$79,000

gross annual household income

Payment at 4%
$1,671 / mo
Cash down
$79,400

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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