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New4 hours ago

7 Candy Crescent

Northwood Park, Brampton

$899,000

Detached|2-Storey
6 | 5 | 6
About this home

Detached, All Brick, 6 Bedroom + 2 Bedroom** Legal Basement Apt With Sep Entrance^^steps To All Schools ( Ukg To 12 Grades), Garage convert into a Apartment Upgraded Roof And Furnace **Just Move In Condition** Well Maintained Family Home **Near Bus Stop, Plaza, David Suzuki School Etc**Property Features & Rental Income Information. A legal basement apartment, a rooftop solar panel system, and multiple income-generating living spaces. The property offers five bedrooms, each currently rented at $610 per month, and one additional bedroom rented at $850 per month. The separate garage apartment generates rental income of $1,250 per month. The legal basement apartment was previously rented for $1,500 per month; however, it is currently occupied by the owner's son and is not generating rental income. Solar System: The rooftop solar system has an original 20-year term, with approximately 10 years remaining. Buyers are encouraged to verify the solar agreement and any associated obligations. Rental Income Details: Five bedrooms: $610/month each ($3,050 total)One additional bedroom: $850/month Garage apartment: $1,250/month Basement apartment: Previously rented for $1,500/month; currently occupied by the owner's son. Total Current Monthly Rental Income: $5,150, excluding the basement apartment. The property offers attractive rental income potential with multiple accommodations and a rooftop solar system.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$5,715
Lot Size28.08 ft x 111.17 ft
mls© NumberW14135718
Listed ByRE/MAX PRESIDENT 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%
$4,601
Property tax
$476
Heat allowance
$150
Housing costs
$5,228 / mo

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

Down payment20% · $179,800
25-yr amortization

Income needed

$161,000

gross annual household income

Payment at 4%
$3,783 / mo
Cash down
$179,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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