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Listed 3 months ago

42 Flamingo Crescent

Southgate, Brampton

$749,999

Semi-Detached |Bungalow
3 | 2 | 6
About this home

Welcome to this beautifully maintained semi-detached bungalow nestled in the heart of Brampton! This versatile and income-generating home offers the perfect opportunity for first-time buyers, growing families, savvy investors, or multi-generational living. Featuring 3 spacious bedrooms and 1 full bathroom on the main level, plus a fully finished basement with a separate entrance, 2 additional bedrooms, 1 bathroom, and a second kitchen - this property is ideal for an in-law suite or potential rental income opportunity.The home is currently fully rented for an impressive $3,500/month, making it a fantastic turnkey investment with strong cash flow potential. Whether you're looking to live in one unit and offset your mortgage, accommodate extended family, or expand your real estate portfolio, this property checks all the boxes.Located in a highly desirable and family-friendly neighbourhood this home offers unbeatable convenience with close proximity to schools, parks, shopping, transit, major highways, and everyday amenities. Brampton continues to be one of the GTA's fastest-growing communities, making this an excellent long-term investment opportunity.Don't miss your chance to own a property that combines comfort, flexibility, and income potential in one incredible package. 42 Flamingo Crescent is the smart move you've been waiting for!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeSemi-Detached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,646
Lot Size35 ft x 110 ft
mls© NumberW13113928
Listed ByKING 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%
$3,839
Property tax
$387
Heat allowance
$150
Housing costs
$4,376 / mo

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

Down payment20% · $150,000
25-yr amortization

Income needed

$135,000

gross annual household income

Payment at 4%
$3,156 / mo
Cash down
$150,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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