16 Wellington Street E
Downtown Brampton, Brampton
$749,900
Attention Multi-Generational Families And Investors!!! Downtown Brampton, Two-Unit Dwelling, Registered With The City Of Brampton. Great Opportunity. Both Units Are Currently Tenanted And Have Separate Entrances. This Detached Century Home Has Total Parking For 4 Cars, Which Includes A Single-Car Garage. Separate Hydro Meters And Separate Electrical Breaker Panels. Lower Level Tenants Pay $2000 A Month Plus Hydro And UpperUnit Tenant Pays $1587 A Month Utilities Included. Landlord pays water, gas, and upstairs hydro. Tenants are on month-to-month and would like to stay. Buyer To Assume Tenants. Roof replaced (2021); skylight (2024); new gas meter (2024). This Home Is In A Prime Location Close To All Amenities. Walking Distance To Gage Park,Go Station, And Local Shops And Restaurants.Excellent Opportunity.
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| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | 100+ |
| Size | 2500-3000 sq. ft. |
| Property Tax | $8,210 |
| Lot Size | 61.5 ft x 118 ft |
| mls© Number | W14085890 |
| Listed By | RE/MAX REALTY SPECIALISTS INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,838
- Property tax
- $684
- Heat allowance
- $150
- Housing costs
- $4,672 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$144,000
gross annual household income
- Payment at 4%
- $3,156 / mo
- Cash down
- $149,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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