$1,315,000 - 88 Olde Town Road, Brampton
Detached for Sale in Brampton
47 days on market- MLS Number
- W13069644
- Property Type
- Detached
- Status
- active
- Days on Site
- 47
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Brampton
- Listing Brokerage
- ROYAL CANADIAN REALTY
**Licensed Legal Basement with 2 cash-flow generating Basements Suites. Welcome to this meticulously maintained detached home, situated on a premium 40.03 x 108.53 ft lot in the highly sought-after Fletcher's Creek South neighborhood of Brampton. This spacious residence offers 4+3 bedrooms and 5 bathrooms, including a fully legal 2-bedroom basement apartment currently tenanted for $1,650/month, along with an additional basement suite featuring a full washroom which was previously tenanted for $1,100/month. A fantastic opportunity for strong rental potential. The home boasts excellent curb appeal with a large front porch and professionally landscaped front and backyard. Step inside to a bright and inviting main floor showcasing gleaming hardwood floors, porcelain tiles from entry through the kitchen, freshly painted walls, and elegant wainscoting that adds a refined, executive touch.At the heart of the home is a modern, upgraded kitchen (2023) featuring stainless steel appliances, quartz countertops and backsplash, and a spacious central island-perfect for entertaining. The functional layout includes a spacious living room, separate dining area, large family room, dedicated office/computer space, and a convenient main-floor laundry room. This is a carpet-free home throughout. Key Upgrades & Features: 200 Amp electrical panel, 2 new laundry units, Pot lights throughout main floor, Upgraded double-door entry, Legal basement (2022)Roof (2018)AC (2020), Landscaping (2022),Owned water heater (2024). This property is more than just a home-it's a smart investment opportunity, with the rental potential to generate approximately $2,750/month from basement units. Ideally located in a family-friendly community close to Mount Pleasant GO Station, shopping, and dining including FreshCo and McDonald's. Walking distance to a plaza featuring Fruitland, KFC, Dairy Queen, Mr. Sub, and Domino's Pizza. Close to schools, parks, and with easy access to major highways 401, 407, and 403.
Estimate your monthly payments for this property
Estimated Payment
$5,816.69/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.
88 Olde Town 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 $526/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.
Negotiation Opportunity
At 47 days on site, this property has exceeded the typical selling timeline for Brampton. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 7 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.
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.