
40 Malcolm Crescent
Central Park, Brampton
$1,349,000
Stunning Detached 4-level backsplit featuring a 3+2 bedroom layout and 3 full washrooms. Family Home in Central Park area. Welcome to 40 Malcolm Cres. Situated on a deep lot (approx. 39.18 ft x 120.52 ft; rear width opening to ~104.8 ft) with a substantial private backyard., move-in ready detached residence offering exceptional space, style, and versatility in one of Brampton's most sought-after pockets. Property Highlights: Upgraded with new laminate flooring, pot lights, custom window blinds, fresh paint, and a fully updated full washroom, Modern kitchen finished with new quartz countertops and ceramic flooring. The layout features a large, combined living/dining area alongside an oversized family room designed for large family gatherings, Features an expansive drive. Includes a separate side entrance providing direct, private access to the lower/basement levels. Type: 2-Storey Detached House Bedrooms: 5 generously sized bedrooms upstairs + basement potential Parking: Total parking for up to 12 vehicles (Attached garage + private driveway) Basement Potential: Includes a finished 4-bedroom basement apartment setup with a separate entrance, ideal for extended family or guests.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,905
- Property tax
- $426
- Heat allowance
- $150
- Housing costs
- $7,481 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$230,000
gross annual household income
- Payment at 4%
- $5,677 / mo
- Cash down
- $269,800
Assumes no other monthly debts · 25-yr amortization
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