5 Lisa Street Unit 407, Brampton

Price: $490,000

3 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: W12924648

This well maintained, clean unit has ample space for a small family looking to move in the heart of Brampton! Just seconds away from Bramalea City Centre this condo is situated in an ideal location. From spacious bedrooms to a huge living and dining room with an added solarium that can be converted to an office or bedroom this condo has it all. Updated kitchen with good cabinetry, S/S appliances and a breakfast area. This condo comes with an ensuite locker, washer and dryer and 2 full washrooms. This condo is minutes from Bramalea GO Station, 2 hospitals on both side of Brampton and Highway 410 so the commute is convenient! Everything is included in the maintenance fees except hydro which makes paying the bills so much easier. Amenities are located on P1 (parking level). Do not miss this opportunity to own a condo with great space and convenience that matters to most!

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$490,000 - 5 Lisa Street Unit 407, Brampton

Condo for Sale in Brampton

Popular Listing
3Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
W12924648
Property Type
Condo
Status
active
Days on Site
10
Bedrooms
3
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
Brampton
Locker
Ensuite
Exposure
North East
Balcony
None
Listing Brokerage
EXIT REALTY HARE (PEEL)
Description

This well maintained, clean unit has ample space for a small family looking to move in the heart of Brampton! Just seconds away from Bramalea City Centre this condo is situated in an ideal location. From spacious bedrooms to a huge living and dining room with an added solarium that can be converted to an office or bedroom this condo has it all. Updated kitchen with good cabinetry, S/S appliances and a breakfast area. This condo comes with an ensuite locker, washer and dryer and 2 full washrooms. This condo is minutes from Bramalea GO Station, 2 hospitals on both side of Brampton and Highway 410 so the commute is convenient! Everything is included in the maintenance fees except hydro which makes paying the bills so much easier. Amenities are located on P1 (parking level). Do not miss this opportunity to own a condo with great space and convenience that matters to most!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,513.95/mo

Includes CMHC insurance ($13,671)

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5-yr fixed avg.

Principal: $441,000Interest: $299,515
Mortgage Amount$454,671
Total Interest$299,515
Est. Property Tax$347/mo
Total Cost$754,186

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

5 Lisa Street Unit 407, Brampton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,920/mo
Range: $2,482 - $3,358
Cap Rate (ROI)
4.1%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,920
Maintenance Fees-$780
Property Tax (est.)-$347
Insurance (est.)-$102
Net Cash Flow+$1,691

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, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $408/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.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

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.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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