201-22 Hanover Road, Brampton, ON

Queen Street Corridor, Brampton · MLS® W13535978

$495,000
For Sale
Listed 10 days ago
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3Bedrooms
2Bathrooms
2Garage
1400-1599Sq Ft

About this home

Spacious and bright, freshly painted and ready to move in. 2 bedroom, 2 bathroom corner suite with an open-concept living and dining room and a solarium which can be a home office or reading nook. Location is unbeatable, walking distance to parks, shopping, schools and public transport at your doorstep. Bellair on the park offers 24 hr gatehouse/concierge and exceptional building amenities, including indoor pool, hot tub, sauna, squash/tennis/pickle ball courts, exercise room, billiards room and party room. Maintenance includes heat, hydro, water, Bell Fibe TV and High-Speed internet* (*internet included in maintenance until March 31/27, afterward it will be available for $42/month)

Key facts

Property type
Condo Apartment, Apartment
MLS®
W13535978
Bedrooms
3 (2 + 1)
Bathrooms
2
Size
1400-1599
Cross streets
Queen/Dixie
Parking
2 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$1,019/mo
Exposure
North East
Property tax
$3,585 / 2026
Days on market
10
Listing brokerage
Engel & Volkers Oakville

Rooms

BathroomMain2.77 × 1.47 m
Living RoomMain6.37 × 3.43 m
BreakfastMain3.21 × 3.02 m
KitchenMain4.39 × 2.92 m
Bedroom 2Main4.24 × 2.95 m
SolariumMain2.86 × 2.74 m
Primary BedroomMain4.96 × 3.39 m

4 Pc Ensuite

Dining RoomMain4.43 × 2.83 m
Moe’s TakeTeam Asgarian · Broker
Below comparables
$572Kest. value

Listed at $495,000, this home is about 14% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.

Based on 13 similar homes nearby, adjusted for size, beds, and baths.Median of 13 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $681K, a bit higher.

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 $491K
  • Adjusts to $491K

That comparable adjusts to $491K; the $572K estimate above is the median of all 13 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. Hanover Rd opp Helena Crt is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

List price
$495KGreat deal$576KOverpriced

Total price vs nearby homes. Fair value about $572K, median of 13 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.

  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
  • Open-concept layout: modern, sought-after flow.
  • Weigh carefully
  • Lifestyle
Comparable listingsCurrently listed nearby in Queen Street Corridor · asking prices
$497kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

1411-18 Knightsbridge Road$491k2108-8 Lisa Street$496k502-18 Knightsbridge Road$499k2207-8 Lisa Street$500k407-8 Lisa Street$500k

The 5 closest of 8 active listings nearby.

See all comparable homes
495kThis home491k496k499k500k500kThis home vs active comparables
Live market pulseActive comparables in Queen Street Corridor · median list $500K
$330this home / sqft
41active listings nearby
10days on market

This home lists 17% below the area average of $399/sqft.

12 days faster than the Brampton average (22 days).

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Queen Street Corridor, Brampton, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

84/ 100

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: Hanover Rd opp Helena Crt, about 168 m away

20+ transit stops6 grocery20+ dining20+ parks10 pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Downtown Brampton
$454K
Sandringham-Wellington
$569K
Goreway Drive Corridor
$575K
Brampton South
$369K
Fletcher's Creek South
$489K

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

Affordability
$2,256/mo
$119KIncome needed
4.2×Price ÷ income
$521Weekly cost
20% down4.79%25-yr amortization

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.

63%mortgage
Mortgage $2,256Property tax $299Condo fee $1,019Total carry $3,573

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

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,113per month

Mortgage amount $396,000 · 4.14% over 25 years

$99,000Down payment (20.0%)
$396,000Loan before insurance
$0CMHC premium
$3,431Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,113
Property tax
$299
Condo / maintenance fees
$1,019
Heating
$0
Estimated monthly cost
$3,431

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$6,375
Estimated closing costs
$6,375

Plus your down payment of $99,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$2,567/monthPayment at the qualifying rate

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

$237,961Total interest paid
$633,961Total of all payments
Principal $396,000 Interest $237,961
YearPrincipalInterestBalance
1$9,277$16,082$386,723
2$9,665$15,693$377,058
3$10,069$15,289$366,989
4$10,490$14,868$356,499
5$10,929$14,429$345,569
6$11,386$13,972$334,183
7$11,863$13,496$322,320
8$12,359$13,000$309,962
9$12,876$12,483$297,086
10$13,414$11,944$283,671
11$13,975$11,383$269,696
12$14,560$10,798$255,136
13$15,169$10,189$239,967
14$15,804$9,555$224,163
15$16,465$8,894$207,699
16$17,153$8,205$190,545
17$17,871$7,488$172,675
18$18,618$6,740$154,056
19$19,397$5,961$134,659
20$20,208$5,150$114,451
21$21,054$4,305$93,397
22$21,934$3,424$71,463
23$22,852$2,507$48,611
24$23,808$1,551$24,804
25$24,804$555$0

At the end of your 5-year term

Total paid over the term
$126,792
Principal paid down
$50,431
Interest paid
$76,361
Balance remaining
$345,569

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.

Let's connect

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

Rental yield
Estimate$4,750/mo
$57,000Gross annual rent
6.9%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

11.5%
Gross yield
− Property tax $3,585− Condo fees $12,222− Insurance $600− Vacancy & upkeep $6,270Net operating income $34,323

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of Engel & Volkers Oakville. MLS®/PropTx.

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