55 Kimbark Drive, Brampton, ON

$995,000
MLS#:W9253548
5 beds
4 baths
7.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Northwood Park. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $995,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 4 Bathrooms with 2 functional kitchens
  • Premium 50.35 x 100.15 ft lot size
  • Features a apartment, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 7.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Other
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Legal 2 Unit Dwelling. This Detached raised bungalow will wow any one that sees it. Whether you are a 1st time buyer or an investor or someone looking to buy a home with a mortgage helper. Two separate dwellings that have been renovated top to bottom in 2024. It now boasts of Brand New 3 Bedrooms + 2 Full washrooms upstairs and 2 Extra Extra Large bedrooms (one can have a separate sitting area or a study inside) and 2 Full washrooms downstairs. 2 Kitchens with Quarts Counters, Pantry and Stainless Steel Appliances. 2 separate laundries. Drive way can accommodate 6 cars and a garage. New Roof with Turbines. New 200 Amp Electrical Panel. Upgraded main waterline. New concrete work that wraps around the whole home. New Grass laid back yard with extra large storage shed. Come and see this gem.

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Property Summary

This detached home located at 55 Kimbark Drive, Brampton is currently for sale and has been available on SousaSells for 698 days. This property is listed at $995,000 with an estimated mortgage of $3,312* per month. It has 5 beds, 4 bathrooms, and is unknown square feet. 55 Kimbark Drive, Brampton is in the Northwood Park neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
5
Bathrooms
4
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 22, 2024
Sold price information is available to members only
Listed Date8/14/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Concrete
BasementApartment, Finished
Lot Size50.35 × 100.15 Feet
CountyPeel
Annual Tax$4,656
Legal DescriptionLT 74 PL 610 ; S/T BR38983 CITY OF BRAMPTON

Parking & Garage

Parking Spaces7.0
Garage Spaces6
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Other

Security Features

Community Features

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Location

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55 Kimbark Drive, Brampton, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 55 Kimbark Drive, Brampton, ON L6X 2A3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Brampton.

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Interest Rate4.00%
Down Payment$298,500 (30.0%)
* Minimum Canadian down payment required for this price is $74,500.
Amortization Period30 Years
Estimated Monthly Payment$3,312Based on a loan of $696,500 over 30 years.
Purchase Price$995,000
Loan Amount$696,500
Provincial Land Transfer Tax:$16,375
Total Estimated Closing Taxes:$16,375

About Purchasing a Home in Brampton, ON

For a property listed at $995,000 in Brampton, the legal minimum down payment is $74,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $16,375 for this transaction. As this listing is in Brampton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $16,375.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Northwood Park, Brampton.

Verified Local Data
City Population656,480
City Median Age35.8 Yrs
City Ownership76% Owners
Avg Area List Price$982,678

People & Families

Age Distribution

Household Composition

One-person households
14%
Families with children
58%
Couples without children
20%
Other households
8%

Top Ethnic Origins

Indian42%
Canadian10%
English6%
Jamaican5%

Local Schools Guide

Elementary Schools

Our Lady of Peace
Public15 Fincham Avenue, Brampton, Ontario, L6X 3V2
5.9
St Joseph
Public8 Parkway Avenue, Brampton, Ontario, L6X 2G4
5.6
McClure
Public50 Parity Road, Brampton, Ontario, L6X 5M8
6.1
Springbrook
Public145 Jordensen Drive, Brampton, Ontario, L6X 0S1
6.9
Our Lady of Fatima
Public39 Sunset Boulevard, Brampton, Ontario, L6X 1X1
4.0

Secondary Schools

David Suzuki Secondary
Public45 Daviselm Drive, Brampton, Ontario, L6X 0Z3
4.7
Chinguacousy SS
PublicBrampton, Ontario
6.7
St. Roch
Catholic200 Valleyway Drive, Brampton, Ontario, L6X 0N3
5.5

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied76%
Rented24%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.