8 Golden Gate Drive
Northgate, Brampton
$699,900
LEGAL BASEMENT APARTMENT!!! ATTENTION FIRST-TIME HOME BUYERS!!! spacious 4-BEDROOM DETACHED HOME WITH A LEGAL BASEMENT APARTMENT WITH SEPARATE ENTRANCE! A fantastic opportunity to enjoy the comfort of detached living while benefiting from potential rental income to help with your mortgage payments! Situated on a HUGE PREMIUM CORNER LOT in a desirable, family-friendly neighbourhood, this home offers exceptional space, privacy and convenience. This carpet-free home features an updated front entrance door and porch, along with an updated roof and driveway (2024). The generous backyard includes a large storage shed and an additional garden shed. Prime Located ideally close to Chinguacousy Park, shopping, public transit, recreational facilities and excellent schools, including Chinguacousy Secondary School, North Park Secondary School and St. Josephine Bakhita Catholic Elementary School. You can LIVE UPSTAIRS, EXPLORE RENTAL INCOME FROM THE LEGAL BASEMENT AND MAKE HOMEOWNERSHIP MORE AFFORDABLE! Perfect for first-time buyers looking for a detached property with income potential. DON'T MISS THIS OPPORTUNITY TO OWN A DETACHED HOME WITH A LEGAL BASEMENT APARTMENT ON A PREMIUM CORNER LOT!
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,974 |
| Lot Size | 52.3 ft x 70.38 ft |
| mls© Number | W14159310 |
| Listed By | HOMELIFE SILVERCITY REALTY INC. |
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%
- $3,582
- Property tax
- $331
- Heat allowance
- $150
- Housing costs
- $4,064 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$125,000
gross annual household income
- Payment at 4%
- $2,945 / mo
- Cash down
- $139,980
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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