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Listed 12 days ago

42 Glenmore Crescent

Northgate, Brampton

$810,000

Semi-Detached |Bungalow
3 | 2 | 4
About this home

Rare Opportunity to Own a Beautifully Upgraded Semi-Detached Home with a Legal Income-Generating Basement Apartment! Currently tenanted, providing rental income to help offset mortgage costs-an excellent opportunity for homeowners and investors alike. Situated on a premium 32' x 122' lot, this move-in-ready home features a renovated main floor with modern finishes, a carpet-free interior, pot lights throughout, and a chef-inspired kitchen with modern cabinetry, quartz countertops, stainless steel appliances, and an open-concept living and dining area. Functional layout designed for comfortable family living. Step outside to your private backyard oasis featuring an in-ground pool with a new pool liner installed, professionally maintained landscaping, a sprinkler system, and a 10' x 10' storage shed. Enjoy added privacy with no homes behind and the perfect outdoor space for entertaining, relaxation, and family enjoyment. Conveniently located within walking distance to major schools and close to Hwy 410, parks, shopping, transit, and all essential amenities. This is a legal one-bedroom with the option to add a second room. The basement apartment will be professionally cleaned, freshly painted, and any necessary repairs completed prior to closing. Best of all, there's no sidewalk to shovel.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeSemi-Detached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$5,139
Lot Size32.07 ft x 122.86 ft
mls© NumberW13597428
Listed ByHOMELIFE LANDMARK REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,146
Property tax
$428
Heat allowance
$150
Housing costs
$4,724 / mo

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

Down payment20% · $162,000
25-yr amortization

Income needed

$145,000

gross annual household income

Payment at 4%
$3,409 / mo
Cash down
$162,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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