$1,429,000 - 502 Fernforest Drive, Brampton
Detached for Sale in Brampton
New — Listed 3 days ago- MLS Number
- W12952062
- Property Type
- Detached
- Status
- active
- Days on Site
- 3
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Brampton
- Listing Brokerage
- TEAM PANAG REAL ESTATE INC.
Modern & immaculate Detached home offering 3320sq. ft above grade with additional 1000+ sq ft in finished Legal basement. Fully renovated by the owners for elegance, warmth and comfort. Stone front elevation, exposed concrete driveway front yard, modern garage door and front porch for enjoying your evenings. A grand custom double-door entry opens to a bright and spacious living, dining and office space including breathtaking open-to-above family room with an elegant chandelier. The gourmet bright kitchen is beautifully appointed with quartz countertop, a spacious center island, built-in cooktop, and stainless steel appliances. Large powder room and spacious laundry complete the main floor. Second floor offers Primary bedroom with walk in closets and fully renovated 5 pc ensuite. 2nd master bedroom with 3 pc ensuite and 2 other generously sized rooms has a semi ensuite. Custom Zebra blinds throughout enhance sophistication and privacy. Additional highlights include pot lights and chandeliers throughout the interior of the home and pot lights on the exterior. Separate entrance leads you to a legal and professionally finished bright basement complete with kitchen, full bath and provision for laundry. Beautifully landscaped oversized backyard with shed and gazebo add an exceptional blend of luxury, space, and functionality. Located In A Family Friendly Neighborhood, Close To All Amenities Such As Schools, Parks, Bus Stops, etc!! Extras: new roof, new a/c, new furnace and new rental water heater.
Estimate your monthly payments for this property
Estimated Payment
$6,320.95/mo
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.
502 Fernforest Drive, 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 25+ years of GTA real estate experience
Competitive Pricing
At $476/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Brampton's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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 5 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.