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Listed 3 months ago

40 Ellis Drive

Southgate, Brampton

$547,900

Condo Townhouse |
3 | 2 | 2
About this home

Welcome to 40 Ellis Dr, a condo townhome located in one of Brampton's most convenient and family-friendly communities. Perfect for first-time buyers, downsizers, families, or investors, this home offers an excellent combination of affordability, functionality, and long-term value in a highly sought-after location. This bright and spacious home features a practical layout with generously sized principal rooms and an abundance of natural light throughout. The main floor offers an inviting living and dining area ideal for both everyday living and entertaining, along with a well-appointed kitchen. The functional floor plan creates a warm and comfortable atmosphere perfect for growing families or professionals working from home. Upstairs, you will find spacious bedrooms including a comfortable primary bedroom with ample closet space and large windows. Additional bedrooms provide flexibility for children, guests, or a dedicated home office. The finished lower level adds valuable space and can be used as a small recreation room or gym offering versatility for both homeowners and investors alike. Enjoy outdoor space perfect for relaxing or summer enjoyment, along with the convenience of low-maintenance condo living. Ideal for buyers seeking homeownership without the upkeep of a detached property. Located close to schools, parks, shopping, public transit, major highways, community centres, restaurants, and all essential amenities. This prime Brampton location also offers strong rental demand and excellent long-term growth potential, making it an attractive opportunity for investors looking to expand their portfolio. A fantastic opportunity to own a move-in-ready condo townhome in a desirable neighborhood with exceptional value and convenience. Whether you are looking for your next home or a smart investment, 40 Ellis Dr is a property you won't want to miss!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Townhouse
Style3-Storey
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$464
LockerNone
BalconyNone
ExposureEast
Parking TypeBuilt-In
Parking Spaces2
Parking FeaturesPrivate
Property Tax$3,350
Lot Size x
mls© NumberW13119410
Listed ByHOMELIFE/MIRACLE REALTY LTD

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%
$2,804
Property tax
$279
Heat allowance
$150
Condo fees, half counted
$232
Housing costs
$3,466 / mo

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

Down payment20% · $109,580
25-yr amortization

Income needed

$107,000

gross annual household income

Payment at 4%
$2,306 / mo
Cash down
$109,580

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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