$950,000 - 122 Royal Palm Drive, Brampton
Detached for Sale in Brampton
Popular ListingNeighbourhood: Heart Lake East
- MLS Number
- W13659214
- Property Type
- Detached
- Status
- active
- Days on Site
- 13
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Brampton
- Listing Brokerage
- EXP REALTY
Stunning 2-Storey Detached Home on Premium Ravine Lot in Heart Lake East! Beautifully maintained home backing directly onto the Heart Lake Conservation Area, offering breathtaking forest views, exceptional privacy, tranquility, and abundant natural light. The main floor features an inviting open-concept living and dining area with hardwood flooring, pot lights, and picturesque views of the conservation area. The professionally finished legal basement apartment is registered with the City of Brampton and has a separate entrance/walkout and laundry offers excellent potential for rental income or extended family living. The home is situated on a quiet street with easy access to Hwy 410 and is close to schools, places of worship, shopping, parks, trails, Heart Lake, fishing, and major amenities. Recent Updates & Improvements ($25,000): All bedroom, bathrooms, and wardrobe doors have been replaced; new blinds throughout; all baseboard trims replaced; kitchen cabinets professionally painted; all bedrooms freshly repainted; new 200 CFM bathroom exhaust fan installed; and new electric stove installed in the basement. Currently tenanted on month to month leases. A rare opportunity to own an income-generating home in a highly desirable location with a spectacular natural backdrop. Don't miss this one!
Estimate your monthly payments for this property
Estimated Payment
$4,873.99/mo
Includes CMHC insurance ($26,505)
5-yr fixed avg.
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.
Discover Heart Lake East
Heart Lake East 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 Heart Lake East
- •Convenient location in Brampton
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
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
Heart Lake East 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.
122 Royal Palm Drive, Brampton
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $864/sqft, this property is priced in line with current Brampton market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Detached Home Advantages
Detached homes in Brampton are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Brampton. Good resale value as demand remains consistent.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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.
About Heart Lake East
I know Heart Lake East well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.