22 Hanover Road Unit 1502, Brampton

Price: $509,900

2 bedrooms, 2 bathrooms

1,200 sq ft

Property Type: Condo

MLS#: W12785336

Fabulous 2Bdrm Corner Unit-Renovated Kitchen W/4 Stainless Steel Appl's-Ceramic Flr & Backsplash-Granite Counters, Florida Ceiling & Breakfast Area. Updated Bathrms W/Designer Vanities & Mirrors. Flooring & Broadloom ,Crown Moulding. Spacious Master Bdrm W/4Pc Ensuite W/Sep Shower- His/Her Closets. Ensuite Laundry Incls Washer & Dryer. French Doors (Dble Kit-Foyer & Single Frm Kit-Dining Rm) Unit is fully furnished and everything included. 1274 sqf as per MPAC.

22 Hanover Road Unit 1502 - Condo for sale in Brampton, Ontario
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$509,900 - 22 Hanover Road Unit 1502, Brampton

Condo for Sale in Brampton

2Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
W12785336
Property Type
Condo
Status
active
Days on Site
7
Bedrooms
2
Bathrooms
2
Square Feet
1,200 sqft
City
Brampton
Locker
Ensuite
Exposure
South East
Balcony
None
Listing Brokerage
RE/MAX REALTY SERVICES INC.
Description

Fabulous 2Bdrm Corner Unit-Renovated Kitchen W/4 Stainless Steel Appl's-Ceramic Flr & Backsplash-Granite Counters, Florida Ceiling & Breakfast Area. Updated Bathrms W/Designer Vanities & Mirrors. Flooring & Broadloom ,Crown Moulding. Spacious Master Bdrm W/4Pc Ensuite W/Sep Shower- His/Her Closets. Ensuite Laundry Incls Washer & Dryer. French Doors (Dble Kit-Foyer & Single Frm Kit-Dining Rm) Unit is fully furnished and everything included. 1274 sqf as per MPAC.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,616.05/mo

Includes CMHC insurance ($14,226)

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5-yr fixed avg.

Principal: $458,910Interest: $311,679
Mortgage Amount$473,136
Total Interest$311,679
Est. Property Tax$361/mo
Total Cost$784,815

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

Neighbourhood Guide: Brampton

Discover Brampton

Brampton is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Brampton

  • Convenient location in Brampton
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Turner Fenton Secondary SchoolPublic High School
Heart Lake Secondary SchoolPublic High School
St. Edmund Campion Secondary SchoolCatholic High School
Cardinal Ambrozic Catholic Secondary SchoolCatholic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Brampton offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

22 Hanover Road Unit 1502, Brampton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,520/mo
Range: $2,142 - $2,898
Cap Rate (ROI)
3.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,520
Maintenance Fees-$780
Property Tax (est.)-$361
Insurance (est.)-$106
Net Cash Flow+$1,273

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $425/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Just Listed - Act Strategically

This property hit the market within the last week. In Brampton's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Brampton Value

Brampton offers more space for your dollar compared to Mississauga or Toronto. The city has invested heavily in infrastructure including the Züm rapid transit. Consider proximity to highways (410, 407) for commuting. The community is diverse and vibrant, with excellent South Asian cuisine and cultural events.

Investment Perspective

Looking at this as an investment: Brampton properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,125 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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