
23 Spain Crescent, Brampton
Brampton
$1,589,900
Cash flow, cap rate & mortgage breakdown
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Listed by UPSTATE REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
7
Bathrooms
6
Days on Market
35
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Beautiful detached home with a legal 2-bedroom basement apartment, situated on a premium extra-deep lot. The professionally landscaped backyard is a true retreat, featuring mature fruit trees, a charming flower garden, and a gazebo-perfect for entertaining or unwinding in a private outdoor setting. Step inside to find elegant coffered ceilings and a thoughtfully designed layout that blends comfort and sophistication. The main floor offers a separate family room, a bright combined living and dining area, and a large den-ideal for a home office or additional living space. The fully upgraded kitchen is equipped with granite countertops, stainless steel appliances, a stylish backsplash, and a built-in oven. Enjoy 10 ft ceilings, 8 ft doorways, and a combination of hardwood flooring and tiles throughout the main level. The second floor features 4 spacious bedrooms and 3 full bathrooms, providing ample space for a growing family. The primary suite offers a walk-in closet and a luxurious 5-piece ensuite. The basement offers excellent versatility, featuring a legal 2-bedroom apartment with 9 ft ceilings and a separate entrance-ideal for rental income or extended family. In addition, there is a second basement portion that is owner-occupied, complete with 1 bedroom and a kitchen, providing additional living flexibility. Additional highlights include an upgraded front door, smooth ceilings throughout, interlock driveway and backyard, ample natural light, quality finishes throughout, and an EV charger in the garage for added convenience. Conveniently located close to schools, parks, shopping, transit, and major highways. A perfect blend of luxury, functionality, and investment opportunity-this home is a must see!
MississaugaInvestor.ca
23 Spain Crescent
Detached · 7bd/6ba · ~3,250 sqft
$1,589,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.89%
Monthly Cash Flow
-$4,812/mo
Estimated Rent
$5,845/mo
Cash-on-Cash
-16.53%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,845 |
| Mortgage | −$7,318 |
| Property Tax | −$1,497 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,325 |
| Vacancy (5%) | −$292 |
| Cash Flow | -$4,812/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$70,140 |
| Vacancy (5%) | −$3,507 |
| Property Tax | −$17,966 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$15,899 |
| Annual NOI | $30,068 |
| Cap Rate | 1.89% |
Cash Required to Close
| Down Payment (20%) | $317,980 |
| Ontario Land Transfer Tax | $28,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $349,253 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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