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Listed 28 days ago

16 Wellington Street E

Downtown Brampton, Brampton

$799,900

Detached|2 1/2 Storey
4 | 2 | 4
About this home

Downtown Brampton, Two Unit Dwelling, Registered With The City Of Brampton. Great Opportunity For Investors, And Multi-Generational Families. Both Units Are Currently Tenanted And Have Separate Entrances. This Detached Century Home Has Total Parking For 4 Cars Which Includes A Single Car Garage. Separate Hydro Meters And Separate Electrical Breaker Panels. Lower Level Tenants Pay $2000 A Month Plus Hydro And Upper Unit Tenant Pays $1587 A Month Utilities Included. Landlord Pays Water, Gas And Upstairs Hydro. Tenants Are On Month To Month And Would Like To Stay. Buyer To Assume Tenants. Roof Replaced (2021) Skylight (2024) New Gas Meter (2024).This Home Is In A Prime Location Close To All Amenities. Walking Distance To Gage Park, Go Station, And Local Shops And Restaurants. Excellent Investment Opportunity.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2 1/2 Storey
Approx. Age100+
Size2500-3000 sq. ft.
Property Tax$8,210
Lot Size61.5 ft x 118 ft
mls© NumberW13534260
Listed ByRE/MAX REALTY SPECIALISTS 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%
$4,094
Property tax
$684
Heat allowance
$150
Housing costs
$4,928 / mo

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

Down payment20% · $159,980
25-yr amortization

Income needed

$152,000

gross annual household income

Payment at 4%
$3,366 / mo
Cash down
$159,980

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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