88 Olde Town Road, Brampton, ON
Fletcher's Creek Village, Brampton · MLS® W13537966
About this home
**Licensed Legal Basement with 2 Income-Generating Basements Suites. Welcome to this meticulously maintained detached home, situated on a premium 40.03 x 108.53 ft lot in the highly sought-after Fletcher's Creek South neighborhood of Brampton. This spacious residence offers 4+3 bedrooms and 5 bathrooms, including a fully legal 2-bedroom basement apartment currently tenanted for $1,650/month, along with an additional basement suite featuring a full washroom which was previously tenanted for $1,100/month. A fantastic opportunity for strong rental income.The home boasts excellent curb appeal with a large front porch and professionally landscaped front and backyard. Step inside to a bright and inviting main floor showcasing gleaming hardwood floors, porcelain tiles from entry through the kitchen, freshly painted walls, and elegant wainscoting that adds a refined, executive touch.At the heart of the home is a modern, upgraded kitchen (2023) featuring stainless steel appliances, quartz countertops and backsplash, and a spacious central island-perfect for entertaining. The functional layout includes a spacious living room, separate dining area, large family room, dedicated office/computer space, and a convenient main-floor laundry room. This is a carpet-free home throughout. Key Upgrades & Features: 200 Amp electrical panel, 2 new laundry units, Pot lights throughout main floor, Upgraded double-door entry, Legal basement (2022)Roof (2018)AC (2020), Landscaping (2022),Owned water heater (2024). This property is more than just a home-it's a smart investment opportunity, with the potential to generate approximately $2,750/month in rental income from basement units. Ideally located in a family-friendly community close to Mount Pleasant GO Station, shopping, and dining including FreshCo and McDonald's. Walking distance to a plaza featuring SabziMandi, Asian food centre, Lullaboo Day Care, School. Close to schools, parks, and with easy access to major highways 401, 407, and 403.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13537966
- Bedrooms
- 7 (4 + 3)
- Bathrooms
- 5 (1 half)
- Size
- 2500-3000
- Lot
- 40.03 × 108.53 ft
- Cross streets
- Bovaird & Chinguacousy rd
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Front Yard Parking, Private Double, Private
- Basement
- Finished, Separate Entrance, Walk-Up
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Brick Front
- Foundation
- Brick, Concrete, Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,568 / 2025
- Days on market
- 9
- Listing brokerage
- ROYAL CANADIAN REALTY
Rooms
pot lights · 3 pc ensuite
combined w/kitchen · pot lights · combined w/laundry
quartz counter · centre island · pot lights
pot lights · laminate · large window
hardwood floor · wainscoting · pot lights
hardwood floor · large window · carpet free
hardwood floor · wainscoting · pot lights
hardwood floor · large window · panelled
pot lights · above grade window · laminate
pot lights · hardwood floor · large window
carpet free · 4 pc ensuite · hardwood floor
pot lights · laminate · above grade window
hardwood floor · large window · carpet free
combined w/laundry · large window · access to garage
tile floor · pot lights · w/o to garage
Listed at $1,299,000, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Fletcher's Creek Village, 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 $964K, 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, listed at $1.17M
- Adjusts to $1.17M
That comparable adjusts to $1.17M; the $1.20M 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 very walkable address with everyday errands close by. Chinguacousy Rd n/of Olde Town Rd is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.20M, 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.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing.
- Lifestyle
- 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 6 active listings nearby.
See all comparable homesThis home lists 10% below the area average of $524/sqft.
8 days longer than the Brampton average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Fletcher's Creek Village, 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: Chinguacousy Rd n/of Olde Town Rd, about 97 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 $1,039,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,546
- Property tax
- $547
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,093
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,455
- Estimated closing costs
- $22,455
Plus your down payment of $259,800. 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
- $332,733
- Principal paid down
- $132,342
- Interest paid
- $200,391
- Balance remaining
- $906,858
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 ROYAL CANADIAN REALTY. MLS®/PropTx.