250 Richvale Drive Unit 22, Brampton

Price: $729,000

4 bedrooms, 4 bathrooms

1,500 - 1,999 sqft

Property Type: Townhouse

MLS#: W13856614

Welcome To 250 Richvale Dr S, A Spacious 3-Storey Townhome In The Desirable Heart Lake East Community Offering Approximately 1,500-2,000 Sq. Ft. Of Living Space (Including The Finished Walk-Out Basement), 3+1 Bedrooms And 4 Bathrooms. The Bright Open-Concept Living And Dining Areas Feature Laminate Flooring And A Large Bay Window, While The Family-Sized Kitchen Offers Stainless Steel Appliances, Quartz Countertop, A Breakfast Bar And Plenty Of Natural Light. Laminate Flooring Continues Throughout The Upper Bedroom Levels. The Primary Bedroom Features A Walk-In Closet And Private 4-Piece Ensuite. The Finished Lower Level Is A Standout Feature, Previously Used As A Bachelor-Style Suite And Offering Its Own Kitchen/Kitchenette, 3-Piece Bathroom, Separate Entrance And Walk-Out To The Yard - Providing Excellent Potential For An In-Law Suite, Extended Family Or Flexible Secondary Living Space. Built-In Garage And Private Driveway. Conveniently Located Near Schools, Parks, Shopping, Public Transit And Major Highways & Commuter Routes. Close To Turnberry Golf Club, Trinity Common & 11 Minutes To Hospital. Roof Done: 2023 Steps Redone: 2026 Newly Painted: 2026

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active
New Listing
1/50

$729,000 - 250 Richvale Drive Unit 22, Brampton

Townhouse for Sale in Brampton

New — Listed 5 days ago

Neighbourhood: Heart Lake East

4Beds
4Baths
1,500 - 1,999Sq Ft
Townhouse

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Property Details
MLS Number
W13856614
Property Type
Townhouse
Status
active
Days on Site
5
Bedrooms
4
Bathrooms
4
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Brampton
Taxes (2025)
$4,791
Listing Brokerage
SirLuckHomes Real Estate Brokerage
Description

Welcome To 250 Richvale Dr S, A Spacious 3-Storey Townhome In The Desirable Heart Lake East Community Offering Approximately 1,500-2,000 Sq. Ft. Of Living Space (Including The Finished Walk-Out Basement), 3+1 Bedrooms And 4 Bathrooms. The Bright Open-Concept Living And Dining Areas Feature Laminate Flooring And A Large Bay Window, While The Family-Sized Kitchen Offers Stainless Steel Appliances, Quartz Countertop, A Breakfast Bar And Plenty Of Natural Light. Laminate Flooring Continues Throughout The Upper Bedroom Levels. The Primary Bedroom Features A Walk-In Closet And Private 4-Piece Ensuite. The Finished Lower Level Is A Standout Feature, Previously Used As A Bachelor-Style Suite And Offering Its Own Kitchen/Kitchenette, 3-Piece Bathroom, Separate Entrance And Walk-Out To The Yard - Providing Excellent Potential For An In-Law Suite, Extended Family Or Flexible Secondary Living Space. Built-In Garage And Private Driveway. Conveniently Located Near Schools, Parks, Shopping, Public Transit And Major Highways & Commuter Routes. Close To Turnberry Golf Club, Trinity Common & 11 Minutes To Hospital. Roof Done: 2023 Steps Redone: 2026 Newly Painted: 2026

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Estimate your monthly payments for this property

Estimated Payment

$3,740.15/mo

Includes CMHC insurance ($20,339)

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5-yr fixed avg.

Principal: $656,100Interest: $445,605
Mortgage Amount$676,439
Total Interest$445,605
Est. Property Tax$516/mo
Total Cost$1,122,044

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.

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Neighbourhood Guide: Heart Lake East

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

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

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.

70
Walk Score
Varies
Price Range

250 Richvale Drive Unit 22, Brampton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,080/mo
Range: $2,618 - $3,542
Cap Rate (ROI)
4.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,080
Maintenance Fees-$0
Property Tax (est.)-$516
Insurance (est.)-$152
Net Cash Flow+$2,412

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, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $486/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.

Townhouse Benefits

Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Brampton have shown strong appreciation as families seek more space.

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 4 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.

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    250 Richvale Drive Unit 22, Brampton | $729,000 | Battaglia Team