34 Mercer Drive, Brampton, ON
Downtown Brampton, Brampton · MLS® W13246716
About this home
###LEGAL BASEMENT APARTMENT#####Stunning, fully renovated 3 bedroom 4 washrooms detached home backing onto the scenic Fletchers Creek Ravine, Situated on an impressive 255 ft deep, tree-lined lot with ample outdoor space like an oasis in the City offers a potential to built a garden suite for an extra income. The property offers modern living space in a prime Brampton location close to downtown.This bright and contemporary home features an open-concept main floor with soaring ceilings, three skylights, and a dramatic floor-to-ceiling window that fills the space with natural light. The gourmet kitchen seamlessly connects to the living and dining areas, creating an ideal setting for entertaining. The modern kitchen offers stainless steel cooktop, fridge, built in Oven, microwave and huge island complemented by quartz countertop.The rare find main floor primary bedroom includes a large walk-in closet and a beautifully upgraded 3-piece ensuite. Upstairs, a versatile loft overlooking the main level can be used as a bedroom, office, or family room.The fully finished, spacious basement features a separate side entrance leading to a legal one bedroom plus den in-law suite, registered with the City of Brampton, offering peace of mind and excellent potential for additional income or extended family living. The suite includes its own private laundry. AAA tenants are currently in place and are willing to stay or vacate, providing flexibility for the new owner. An additional separate finished basement with a separate entrance offers versatile space ideal for a home office, recreation, or personal use. Additional features include a long driveway with parking for up to 4-6 cars and extensive upgrades in the last years throughout, including new windows, doors, kitchens, bathrooms, and flooring. Conveniently located close to shopping,schools, parks, Go train,Via Train and Brampton public transit etc, this home perfectly blends comfort, style, and natural surroundings
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13246716
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500
- Lot
- 40 × 255.74 ft
- Cross streets
- Queen St W / Mercer Dr
- Parking
- 4 parking
- Driveway
- Private
- Basement
- Apartment, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Vinyl Siding
- Foundation
- Unknown, Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,042 / 2026
- Days on market
- 45
- Listing brokerage
- HOMELIFE SUPERSTARS REAL ESTATE LIMITED
Rooms
Open Concept
Open Concept
Open Concept
walk-in closet(s) · 4 pc ensuite
Open Concept
Listed at $1,025,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Downtown Brampton, so I widened the search to the surrounding area.
Based on 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $725K, lower than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.00M
- Adjusts to $1.00M
That comparable adjusts to $1.00M; the $1.02M estimate above is the median of all 6 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On location, this is a more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $1.02M, median of 6 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties.
- Income potential
- Value driver
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 35% below the area average of $703/sqft.
42 days longer than the Brampton average (3 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Downtown Brampton, Brampton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Almost all errands require a car.
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Brampton.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 20, 2026); conventional rates run a little higher.
Mortgage amount $820,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,376
- Property tax
- $420
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,796
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,975
- Estimated closing costs
- $16,975
Plus your down payment of $205,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $262,549
- Principal paid down
- $104,427
- Interest paid
- $158,122
- Balance remaining
- $715,573
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE SUPERSTARS REAL ESTATE LIMITED. MLS®/PropTx.