53 Mill Street, Brampton, ON
Downtown Brampton, Brampton · MLS® W13484682
About this home
Welcome to this beautifully updated bungalow situated on a premium 53 x 129 ft lot in a highlydesirable Brampton location. This charming home features 3 spacious bedrooms and 4 fullbathrooms, offering a functional layout ideal for families, downsizers, or investors alike. Themain floor showcases hardwood flooring throughout, a modern upgraded kitchen with stainlesssteel appliances, and bright, inviting living spaces enhanced by updated windows. Additionalimprovements include a newer furnace and numerous tasteful updates throughout the home. Theproperty also features a fully detached single-car garage and an expansive lot with endlesspossibilities. A rare opportunity to own a move-in-ready home in a mature neighbourhood closeto schools, parks, transit, and downtown amenities. A must-see to truly appreciate all thatthis property has to offer!
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- W13484682
- Bedrooms
- 3
- Bathrooms
- 4
- Size
- 1100-1500
- Lot
- 53.07 × 129.3 ft
- Cross streets
- Mill St & Craig St
- Parking
- 1 garage · 5 parking (detached)
- Driveway
- Available
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Vinyl Siding
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,952 / 2025
- Days on market
- 27
- Listing brokerage
- HOMELIFE/MIRACLE REALTY LTD
Rooms
hardwood floor · window
Hardwood Floor
overlooks backyard · 4 pc ensuite · broadloom
hardwood floor · breakfast area
3 pc bath · porcelain floor
pedestal sink · 3 pc bath · window
pedestal sink · 4 pc bath · window
his and hers closets · 3 pc ensuite
broadloom · closet
hardwood floor · window
Listed at $895,000, this home is about 26% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
In Downtown Brampton lately, sellers have been getting about 98% of asking and homes sell in about 29 days.
There were not many closely comparable homes right in Downtown Brampton, so I widened the search to the surrounding area.
Based on 58 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 58 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $959K, higher 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, sold for $650K
- Bedrooms +$30K
- Bathrooms +$30K
- Adjusts to $710K
That comparable adjusts to $710K; the $713K estimate above is the median of all 58 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.
On location, this is a very walkable address with everyday errands close by. Bus stop is about a 4-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $713K, median of 58 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.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 32% above the area average of $522/sqft.
24 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
Very WalkableA 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.
Most daily errands can be done on foot.
🚉 Nearest transit: Bus stop, about 330 m away
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 22, 2026); conventional rates run a little higher.
Mortgage amount $716,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,821
- Property tax
- $579
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,400
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,375
- Estimated closing costs
- $14,375
Plus your down payment of $179,000. 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
- $229,251
- Principal paid down
- $91,183
- Interest paid
- $138,068
- Balance remaining
- $624,817
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
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/MIRACLE REALTY LTD. MLS®/PropTx.