5 Cochrane Avenue, Brampton, ON
Heart Lake East, Brampton · MLS® W13437622
About this home
This gorgeous, renovated home sits on an extraordinary 39 x 289 ft lot in the coveted Heart Lake neighbourhood-an outdoor paradise that feels like your very own private park. With its sweeping green views, direct access to greenspace, and potential for a future garden suite, this property offers rare space, privacy, and opportunity. Inside, the main floor delivers a bright, functional layout with a large updated kitchen featuring a full pantry wall and sliding doors that open to a magical backyard retreat complete with a composite deck and hot tub. The spacious family room showcases beautiful views of the grounds, while the convenience of main-floor laundry and direct garage access adds everyday ease. A separate entrance from the garage leads to the fully finished basement-thoughtfully upgraded with spray-foamed walls, Sonopan sound-deadening insulation, and plumbing rough-ins for a future kitchen. With a generous rec room, gym area, bedroom, bathroom, and a cold cellar, it's an ideal setup for a nanny suite, multigenerational living, or future income potential. Upstairs, the huge primary bedroom impresses with a luxurious spa-inspired ensuite featuring a soaker tub and separate shower. Two additional oversized bedrooms share a beautifully renovated bathroom, offering comfort and style for the whole family. With 200-amp service, an insulated two-car garage, extra-large bedrooms, and a backyard that feels like a private nature reserve, this exceptional property blends space, comfort, and versatility in a way that's truly hard to find.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13437622
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500
- Lot
- 39.37 × 289.76 ft
- Cross streets
- Kennedy Rd N & Cochrane Ave
- Parking
- 2 garage · 8 parking (built-in)
- Driveway
- Private
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,856 / 2025
- Days on market
- 40
- Listing brokerage
- RE/MAX HALLMARK ESTATE GROUP REALTY LTD.
Rooms
w/o to deck · eat-in kitchen · tile floor
double closet · hardwood floor · pot lights
closet · pot lights · 3 pc bath
hardwood floor · overlooks frontyard · open concept
fireplace · hardwood floor · pot lights
w/w closet · 5 pc ensuite · hardwood floor
closet · 2 pc bath · tile floor
hardwood floor · large window · combined w/living
double closet · hardwood floor · pot lights
fireplace · pot lights · above grade window
laundry sink · b/i shelves · tile floor
Listed at $1,079,000, this home is within the range of comparable homes, on the lower side. The number above is my independent estimate of value, not the asking price.
In Heart Lake East lately, sellers have been getting about 98% of asking and homes sell in about 26 days.
Based on 78 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 78 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $980K, a bit lower.
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, sold for $869K
- Bedrooms −$30K
- Bathrooms +$15K
- Adjusts to $854K
That comparable adjusts to $854K; the $1.16M estimate above is the median of all 78 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
Total price vs nearby homes. Fair value about $1.16M, median of 78 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. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Garden / laneway suite potential: extra-unit upside, but confirm zoning and feasibility with the city. 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 6% below the area average of $511/sqft.
37 days longer than the Brampton average (3 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Heart Lake East, Brampton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 22, 2026); conventional rates run a little higher.
Mortgage amount $863,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,606
- Property tax
- $571
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,178
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,055
- Estimated closing costs
- $18,055
Plus your down payment of $215,800. 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
- $276,381
- Principal paid down
- $109,929
- Interest paid
- $166,453
- Balance remaining
- $753,271
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 RE/MAX HALLMARK ESTATE GROUP REALTY LTD.. MLS®/PropTx.