12 Richvale Drive, Brampton, ON
Heart Lake East, Brampton · MLS® W13512294
About this home
Welcome to 12 Richvale Dr. located in desirable Heart Lake community. This stunning 5 level Side Split has undergone numerous upgrades over the past 10 years, boasting a renovated kitchen with granite counters combined with dining area featuring impressive high vaulted ceilings. A spacious open concept living room with walkout to deck leads to a lower level family room/ 2nd kitchen with electric fireplace, walkout to patio offering great in law or income potential. A bright finished basement features a spacious rec room or 4th bedroom with pot lights , extra large above grade windows and a 3 pc bathroom. The upper level provides 3 bedrooms all outfitted with hardwood floors, pot lights in 2nd & 3rd bdrms and a spacious primary bedroom with a semi ensuite bath. This attractive, functional home offers great curb appeal , 2 walkouts to beautiful back yard with a large concrete patio and shed, Driveway parking for 4 cars . Hardwood , ceramics and laminate floors( no carpet ). Roof ,furnace & Air conditioning 2016. Upgraded Vinyl windows. Electric fireplace. Large front porch/deck
Key facts
- Property type
- Detached, Sidesplit 5
- MLS®
- W13512294
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 3 (1 half)
- Size
- 1100-1500
- Lot
- 38.02 × 100.54 ft
- Cross streets
- Kennedy Rd/Sandalwood Pkwy
- Parking
- 1 garage · 5 parking (built-in)
- Driveway
- Private
- Basement
- Finished with Walk-Out, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Aluminum Siding
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,976 / 2026
- Days on market
- 15
- Listing brokerage
- RE/MAX PROFESSIONALS INC.
Rooms
hardwood floor · vaulted ceiling(s) · wainscoting
Ceramic Floor
Ceramic Floor
hardwood floor · semi ensuite · double closet
hardwood floor · pot lights · closet
hardwood floor · pot lights · closet
3 pc bath · ceramic floor
renovated · granite counters · vaulted ceiling(s)
laminate · pot lights · above grade window
hardwood floor · pot lights · w/o to deck
Listed at $799,900, this home is tracking about 13% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 17 similar homes nearby, adjusted for size, beds, and baths.Median of 17 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $775K, a close match.
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 $760K
- Adjusts to $760K
That comparable adjusts to $760K; the $710K estimate above is the median of all 17 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 very walkable address with everyday errands close by. Sandalwood Pky E at Richvale Dr (EB) is about a 3-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $710K, median of 17 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Value driver
- Worth verifying
- Lifestyle
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 9% above the area average of $564/sqft.
14 days longer than the Brampton average (1 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.
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: Sandalwood Pky E at Richvale Dr (EB), about 228 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 17, 2026); conventional rates run a little higher.
Mortgage amount $639,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,415
- Property tax
- $415
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,830
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $12,473
- Estimated closing costs
- $12,473
Plus your down payment of $159,980. 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
- $204,891
- Principal paid down
- $81,494
- Interest paid
- $123,397
- Balance remaining
- $558,426
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 PROFESSIONALS INC.. MLS®/PropTx.