7 Iguana Trail, Brampton, ON
Northwest Brampton, Brampton · MLS® W13853122
About this home
In short
- LEGAL BASEMENT APARTMENT Beautiful 4-bedroom detached home with 2-bedroom Legal basement apartment with a separate entrance and excellent rental potential in one of...
- The modern extended kitchen offers stainless steel appliances and a breakfast area with access to the private backyard.
- Features include pot lights, hardwood flooring, a wooden staircase with iron pickets, and no carpet on the main or second floor.
- The primary bedroom has a private ensuite and walk-in closet.
- The legal basement apartment includes two bedrooms, a separate entrance, a separate laundry area, and excellent rental potential.
LEGAL BASEMENT APARTMENT*** Beautiful 4-bedroom detached home with 2-bedroom Legal basement apartment with a separate entrance and excellent rental potential in one of Northwest Brampton's most desirable family-friendly neighbourhoods. The double-door entrance opens to a welcoming foyer and a spacious separate living room with large windows and custom built-in shelving. The modern extended kitchen offers stainless steel appliances and a breakfast area with access to the private backyard. The family room includes a fireplace and large windows.Features include pot lights, hardwood flooring, a wooden staircase with iron pickets, and no carpet on the main or second floor. The primary bedroom has a private ensuite and walk-in closet. All four bedrooms are generously sized. The second floor also offers three full bathrooms and a separate laundry room.Additional features include a double-car garage, a large driveway with no sidewalk, and a spacious backyard with poured concrete and a garden shed. The legal basement apartment includes two bedrooms, a separate entrance, a separate laundry area, and excellent rental potential.Conveniently located near excellent public and Catholic schools, parks, playgrounds, walking trails, shopping plazas, restaurants, public transit, and other major amenities. Minutes from Mount Pleasant GO Station, community centres, and Highways 410, 407, and 401. There is much more to see. Book your showing today!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13853122
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 5 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 38.1 × 92.28 ft
- Cross streets
- Mayfield Rd & McLaughlin Rd
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private
- Basement
- Separate Entrance, Apartment
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,729 / 2025
- Days on market
- 14
- Listing brokerage
- HOMELIFE SILVERCITY REALTY INC.
Listed at $999,900. Going by how homes in Northwest Brampton have actually closed against their asking prices (about 97%, 47 local closings in 90 days), the likely sale price is near $964K, if it sells. A realistic range is $904K to $1.09M.
Independent value check: $1.20M. Without looking at the asking price, our model values the home itself about 20% above the ask (homes like it typically land between $1.12M and $1.25M).
Why $1.20M. The typical detached home sold in Northwest Brampton over the past year went for about $1.08M (184 sales). What sets this one apart:
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $8,729 a year; the typical home sold here pays about $7,600.
- ▲ Raises itIt is 2,500 to 3,000 sq ft; the typical home sold here is 2,000 to 2,500.
- ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Likely closing about $964K, from 47 recent closings in this pocket.
The market behind the math:
About 2.6 months of inventory: 41 detached homes for sale in the area against 47 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $364/sqft against an area asking average of $457/sqft.
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Northwest Brampton: 84 of the 469 detached leases here lately were basement units, around $1,750 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Brampton.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 47 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.20M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can 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
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Based on 47 comparable homes that sold in Northwest Brampton over the past two years, from 372 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $466/sqft; this home lists at $364/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Northwest Brampton: $1.01M in September 2026, down 13% from a year ago, on 179 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.27M | 23 |
| November 2025 | $1.11M | 11 |
| December 2025 | $995K | 10 |
| January 2026 | $1.16M | 7 |
| February 2026 | $980K | 9 |
| March 2026 | $989K | 15 |
| April 2026 | $1.11M | 15 |
| May 2026 | $1.19M | 18 |
| June 2026 | $1.07M | 16 |
| July 2026 | $1.02M | 20 |
| August 2026 | $970K | 17 |
| September 2026 | $1.01M | 18 |
Neighbourhood & location
Northwest Brampton, 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 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $799,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,423
- Property tax
- $727
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,150
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,473
- Estimated closing costs
- $16,473
Plus your down payment of $199,980. 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
- $265,374
- Principal paid down
- $97,735
- Interest paid
- $167,638
- Balance remaining
- $702,185
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
The suite is real income here: basements rent in Northwest Brampton (84 of 469 recent detached leases were basement units, around $1,750 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,750 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 128 whole-home leases in Northwest Brampton signed at a median of $3,329 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,761. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE SILVERCITY REALTY INC.. MLS®/PropTx.