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Investment signal

$1,200,000

8 ATIRA AVENUE

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Brampton (Fletcher's Meadow). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

LEGAL BASEMENT APARTMENT 8 Atira Ave. offers a rare combination of prime location, strong income potential, and long-term appreciation. Investors' delight - spacious raised bungalow with three separate units (2 above-ground + 1 basement), ideal for rental income or extended family living. Main level features an open-concept living, dining and kitchen with wood & ceramic floors, three comfortable bedrooms, two 3-pc bath, laundry room and Main level consists of two good size bedrooms with one full bath , a kitchen and separate laundry sliding walk-out to a fully fenced yard. Property offers three separate entrances and a self-contained lower apartment - terrific flexibility for landlords or multi-family use. Generous lot and parking typical for Fletcher's Meadow homes; three-entrance layout supports multiple tenancies. Located in Fletcher's Meadow, close to schools, transit and shopping. Priced for investor potential - don't miss this multi-unit opportunity. Prime tenant-friendly location, steps to an Asian grocery store and minutes to the Cassie Campbell Community Centre, parks, transit, major roads, and everyday amenities. (id:65958)

Subtype: Single Family
Architectural style: Raised bungalow
Structure: House
Community: Fletcher's Meadow
Common interest: Freehold
Lot dimensions: 40.2 x 85.3 FT
Bedrooms: 5 above grade, 2 below grade
Parking: 6 total
Stories: 1
Fireplace: Yes
On market: Mar 9, 2026
Status changed: Apr 26, 2026
Annual tax: $7,684 (2026)
Zoning: Residential
Photos: 43
MLS#: W12862268
Area: BRAMPTON_(FLETCHER'S_MEADOW)

Features and systems

Parking

Garage

Basement

FinishedFullApartment in basementSeparate entranceN/AN/AN/A

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

StoneBrick Facing

Flooring

HardwoodCeramicWood

Foundation

Poured Concrete

Negative cash flow ~$1,294/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.47%

Cap rate

3.57%

GRM

16.7

Break-even rent

$7,362

Financing

Down payment$240,000

Loan amount$960,000

Mortgage$4,864/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$550

Insurance$80

Maintenance$1,000

CapEx reserve$500

Vacancy loss$300

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $4,864/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 26, 2026.