116 Mill Street, Brampton

Price: $659,000

3 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: W12990954

Welcome to 116 Mill Street South, Brampton, a lovely Century Home on a large lot that simply feels like home the moment you walk through the door. This warm and inviting 2+1 bedroom, 2 bathroom bungalow sits on a generous 128-foot deep lot with room for 2 cars in the driveway, giving you the kind of space that is hard to find at this price point. The backyard alone is something truly special, deep, open, and full of potential, whether you are envisioning a summer BBQ hub, a garden retreat, or the ultimate spot for family gatherings that go long into the evening. There is a warmth to this home that simply cannot be manufactured, the kind of place that has been lived in and loved, with a cozy, welcoming energy that no staged property can ever truly replicate. Located along Mill Street South in south Brampton, just minutes from Shoppers World for all your daily errands, a short drive to Downtown Brampton for dining, entertainment, and transit, and close to beautiful green spaces like Gage Park and Joyce Archdekin Park for those quiet morning walks or relaxed weekend afternoons outside. Families will love being close to McHugh Primary School and Brampton Centennial Secondary School, and with easy access to Hwy 410, Rose Theatre, City Hall, great restaurants, and GO Stations, everything you need is right there waiting. This is a home that offers comfort, convenience, and community all in one, and the right person is going to feel it the moment they step inside.

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$659,000 - 116 Mill Street, Brampton

Detached for Sale in Brampton

3Beds
2Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
W12990954
Property Type
Detached
Status
active
Days on Site
16
Bedrooms
3
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Brampton
Listing Brokerage
RE/MAX HALLMARK REALTY LTD.
Description

Welcome to 116 Mill Street South, Brampton, a lovely Century Home on a large lot that simply feels like home the moment you walk through the door. This warm and inviting 2+1 bedroom, 2 bathroom bungalow sits on a generous 128-foot deep lot with room for 2 cars in the driveway, giving you the kind of space that is hard to find at this price point. The backyard alone is something truly special, deep, open, and full of potential, whether you are envisioning a summer BBQ hub, a garden retreat, or the ultimate spot for family gatherings that go long into the evening. There is a warmth to this home that simply cannot be manufactured, the kind of place that has been lived in and loved, with a cozy, welcoming energy that no staged property can ever truly replicate. Located along Mill Street South in south Brampton, just minutes from Shoppers World for all your daily errands, a short drive to Downtown Brampton for dining, entertainment, and transit, and close to beautiful green spaces like Gage Park and Joyce Archdekin Park for those quiet morning walks or relaxed weekend afternoons outside. Families will love being close to McHugh Primary School and Brampton Centennial Secondary School, and with easy access to Hwy 410, Rose Theatre, City Hall, great restaurants, and GO Stations, everything you need is right there waiting. This is a home that offers comfort, convenience, and community all in one, and the right person is going to feel it the moment they step inside.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,381.01/mo

Includes CMHC insurance ($18,386)

$
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5%10%50%

5-yr fixed avg.

Principal: $593,100Interest: $402,817
Mortgage Amount$611,486
Total Interest$402,817
Est. Property Tax$467/mo
Total Cost$1,014,303

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Brampton

Discover Brampton

Brampton is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Brampton

  • Convenient location in Brampton
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Turner Fenton Secondary SchoolPublic High School
Heart Lake Secondary SchoolPublic High School
St. Edmund Campion Secondary SchoolCatholic High School
Cardinal Ambrozic Catholic Secondary SchoolCatholic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Brampton offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

116 Mill Street, Brampton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
4.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$467
Insurance (est.)-$137
Net Cash Flow+$2,196

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $941/sqft, this property is priced in line with current Brampton market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.

Market Position

At 16 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Detached Home Advantages

Detached homes in Brampton are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

Brampton Value

Brampton offers more space for your dollar compared to Mississauga or Toronto. The city has invested heavily in infrastructure including the Züm rapid transit. Consider proximity to highways (410, 407) for commuting. The community is diverse and vibrant, with excellent South Asian cuisine and cultural events.

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