$963,000 - 187 Lockwood Road, Brampton
Detached for Sale in Brampton
- MLS Number
- W13132316
- Property Type
- Detached
- Status
- active
- Days on Site
- 29
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Brampton
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
** Legal Basement Apartment *** Welcome to this 2014 built detached home with about 2700 sq/f of living space . Featuring a bright open-concept layout on the main floor, this home is ideal for families and entertainers alike. The spacious main-floor den is perfect for a home office, study, or flex space. The modern kitchen features stainless steel appliances, quartz countertops, a convenient breakfast area, and overlooks the inviting great room, complete with a cozy gas fireplace. Enjoy added convenience with direct garage access and hardwood flooring throughout the main floor, complemented by an elegant oak staircase and stylish pot lights. Upstairs, you'll find 3 generously sized bedrooms and 2 full bathrooms, including a spacious primary suite. The primary bedroom includes a 5-piece ensuite and a walk-in closet. The second-floor laundry room adds everyday convenience. The legal 2-bedroom basement apartment features a separate entrance, separate laundry and offers excellent rental income potential from day one. shows 10++++
Estimate your monthly payments for this property
Estimated Payment
$4,940.69/mo
Includes CMHC insurance ($26,868)
5-yr fixed avg.
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.
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
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.
187 Lockwood Road, Brampton
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $642/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 29 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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Brampton.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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.