22 Abelard Ave
Fletcher's West, Brampton, L6Y 2K8
FOR SALE
$1,190,000
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6 + 3
BEDROOMS5
BATHROOMS1 + 1
KITCHENS10 + 7
ROOMSW8181644
MLSIDContact Us
Property Description
Discover this fully furnished property near Sheridan College, offering a great blend of comfort and investment. Includes a main house with 6 furnished bedrooms, 3 washrooms, plus two basement apartments with separate entrances (2-bedroom and 1-bedroom) and 2 washrooms, all with brand new kitchens and washrooms. Significant $$$$ in upgrades made, offering turnkey investment with high income potential. Can generate over $20,000/month through short-term rentals. Current AAA tenants are paying $9,950/month and are willing to stay. Upgrades include a recently overhauled HVAC system, tank-less water heater, furnace, and heat pump (all 2023). Features 6 parking spaces, fully automated with remote surveillance and Wi-Fi enabled locks. An ideal investment offering luxury, convenience, and significant rental income, in a prime location. A rare opportunity for immediate ROI and future appreciation
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-01-04 | 2023-01-18 | 14 | $999,900 | $990,000 | Sold |
Extras
Seller does not warrant retrofit status of basement
Nearby Intersections
Mavis & Steeles (54)
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
30' x 100'
Acreage
< .50
Fronting
South
Taxes
$4,050 (2023)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Attached
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Brampton Market Statistics
Brampton Price Trend
22 Abelard Ave is a 6-bedroom 5-bathroom home listed for sale at $1,190,000, which is $910,000 (43.3%) lower than the average sold price of $2,100,000 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 6 bedroom home in Brampton increased by $352,500 (20.2%) compared to the previous 30 day period (February 27 - March 27) and up $690,000 (48.9%) from the same time one year ago.Inventory Change
There were 3 6-bedroom homes listed in Brampton over the last 30 days (March 28 - April 26), which is down 25.0% compared with the previous 30 day period (February 27 - March 27) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Brampton typically sold ($49,999) (2.4%) below asking price over the last 30 days (March 28 - April 26), which represents a $44,251 increase compared to the previous 30 day period (February 27 - March 27) and $35,000 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 6-bedroom homes in Brampton over the last 30 days (March 28 - April 26) stood at 66.7%, up from 50.0% over the previous 30 days (February 27 - March 27) and up from 33.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 5-bathroom home in Brampton stood at 48 days when successfully sold over the last 30 days (March 28 - April 26), compared to 42 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Leading Edge Realty Inc.
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