Renovated Madoc bungalow on 50 x 100 lot with separate-entrance finished basement
Move-in-ready 3+1 bungalow in Brampton's Madoc pocket with a separate-entrance finished basement and a 50 x 100 ft lot. Listed at $699,999 with an estimated 2.82% cap rate, the asset suits buyers planning to legalize the lower level for income.
Anatoli Chtcherbatov
Analyst · Sutton Group Admiral Realty
List price
$699,999
Cap rate
+2.82%
Est. monthly rent
$2,900
Source: comparables_widened
Est. net spread
+$160K
6mo hold
Annualized ROI
+45%
preliminary
Section · Why this passed our floor
What lifts the math here
Current cap
2.82% on the existing single-unit rent. The thesis is the income uplift after the conversion is complete, not today's number.
Projected post-conversion spread
$159,500 estimated over a 6-month hold using default market reno costs and the underwritten rent source.
Recommended leverage
75% down to reach neutral or positive carry during the conversion window.
Rent backed by
Estimate sourced from city-wide comparables, not a CMHC fallback.
Every property published on 6Yield clears a multi-stage screen — universal financial floor, per-tier quality gate, and an editorial review on listing evidence. These bullets summarize the specific facts that cleared this property’s tier. Estimates only; not financial advice.
Fix-and-flip projection
The spread, before the buy-and-hold math.
Preliminary · adjust scope & uplift
Renovation scope
Projection
Preliminary estimate. Renovation costs use 6Yield default per-sqft figures. Post-renovation value is modeled as a multiple of list price — replace with comparable post-renovation sales for higher precision. Carrying costs include property tax, condo fees if any, and insurance; financing costs not yet modeled.
Section · Buy-and-hold backup
If you held instead. The carrying math, side by side.
Each column shows the actual monthly cash flow and cash-on-cash return at that leverage. Click a column for the full breakdown.
Acquisition
| Down payment | $245,000 |
| Mortgage principal | $454,999 |
| Land transfer tax | $10,500 |
| Closing costs | $10,500 |
| Total acquisition | $266,000 |
Monthly cash flow
| Estimated rent | +$2,900 |
| Operating expenses | -$1,252 |
| Mortgage payment | -$2,657 |
| Net cash flow | -$1,010/mo |
Expense breakdown
| Property tax | $0/mo |
| Vacancy allowance | $145/mo |
| Maintenance reserve | $583/mo |
| Insurance | $292/mo |
| Property management | $232/mo |
Calculated at 4.99% mortgage over 25 years. Rent estimated from comparable rentals (n=68).
Breakeven
This property turns cash-flow positive at 59.7% down.
Run your own scenario
Move the assumptions. See the math live.
Live result
All figures are estimates only and do not constitute financial advice. The sliders use the same math as the locked five-scenario calculator; only assumptions change. Total acquisition includes the down payment, land transfer tax ($10,500), and closing costs ($10,500).
Section · Investment Thesis
Why this property.
This listing fits a value-add investor or owner-occupant willing to legalize the basement as a secondary suite. The 3+1 layout, separate entrance, egress window, full second bathroom, and dedicated laundry are already in place, which compresses the path from purchase to a two-unit income profile. At a $699,999 list price and an estimated 2.82% cap rate, the going-in numbers reflect single-unit rent assumptions; the thesis is to lift NOI by adding a compliant second unit.
Madoc sits in central Brampton with walking-distance access to schools, parks, and transit, and the listing cites proximity to Highway 410, Highway 407, and the GO Station. Those corridors connect the property to the Pearson employment cluster and Mississauga's office nodes via the 407, and to downtown Toronto via Brampton GO on the Kitchener line. The 50 x 100 ft lot is competitive for the submarket and supports backyard amenity that comparable townhouse stock cannot replicate. Demand at this price point in Brampton continues to draw first-time buyers priced out of Mississauga and Etobicoke, which underpins resale liquidity on exit.
Carry is negative through 50% down at an estimated minus $396.46 per month and only turns positive at 75% down with an estimated $625.55 monthly cash flow. The recommended structure is 75% down or all-cash while the suite is legalized and re-tenanted over a 24 to 36 month window, then refinance against the lifted NOI. Hold target is 60-plus months to capture both the income conversion and Madoc's medium-term price trajectory.
Key features
- 3+1 bedrooms, 2 fully renovated bathrooms
- 50 x 100 ft lot with detached bungalow form factor
- Separate entrance to fully finished basement
- Basement bedroom with egress window, 3-piece bath, wet bar, fireplace, dedicated laundry
- Parking for up to 6 cars including heated garage
- Roof 2015, driveway 2020, triple-glazed main-floor windows 2015
- Walking distance to schools, parks, transit; minutes to Hwy 410, Hwy 407, GO Station
Original MLS description
A Must-See! Beautifully renovated, move-in-ready detached bungalow situated on a big 50 x 100 ft lot with abundant indoor and outdoor space, located in the highly desirable Medoc neighborhood. This charming home offers (3+1) spacious bedrooms and 2 fully renovated bathrooms. The inviting main floor features a bright and spacious living room with two large windows, an upgraded eat-in kitchen with a separate dining area, and three generously sized bedrooms. All bedrooms are equipped with big custom IKEA PAX wardrobe closets and large windows, complemented by a renovated 4-piece bathroom. A separate entrance leads to a fully finished basement, offering excellent future potential. The basement includes a large bedroom with an egress window, a cozy and big open entertainment area with wet bar and a fireplace, renovated a 3-piece full bathroom, and a dedicated laundry room. The exterior boasts a huge driveway and garage (full opening on both sides), providing parking for up to 6 cars. Enjoy a well-maintained front and backyard, a ground-level wooden deck, and a large custom-built Log Storage Shed, perfect for outdoor living and storage. Ideally located within walking distance to schools, parks, transit, and places of worship, and just minutes from Highway 410, Highway 407, and the GO Station. A fantastic opportunity for first-time home buyers, investors, or those looking to upsize or downsize. Don't miss this incredible opportunity to own a beautiful home in a prime location! Extras & Upgrades- Roof - 2015, Engineered hardwood & ceramic tile flooring (main level), Pot Lights, Driveway - 2020, Main floor triple-glazed windows - 2015, Permitted- Circuit breaker electrical panel, Heated Garage (Can be operated By Phone) & Basement egress window. (42875055)
All photos
49 additional · click any to expand
Section · Neighborhood
Where it sits.
Madoc
Madoc is an established central-Brampton neighborhood of detached bungalows and two-storeys, drawing end-user demand from first-time buyers and right-sizers. The listing cites walking distance to schools, parks, and transit, with quick access to Highway 410, Highway 407, and the Brampton GO Station, linking the address to Pearson-area employment and the Kitchener GO line into Union Station.
The lot profile (50 x 100 ft) and bungalow form factor are increasingly scarce inside the GTA inner ring at this price point, which supports both resale liquidity and longer-term land value.
Section · Risk
What could go wrong.
Honest framing of unknowns, assumptions, and downside scenarios.
Negative monthly carry at 20%, 35%, and 50% down; investment only reaches positive cash flow at 75% down or all-cash, so leverage sensitivity is high.
Rent estimate is sourced from widened comparables rather than tight local comps, which adds uncertainty to projected NOI.
Basement is finished but the listing does not confirm a legal second-unit registration; legalization cost and timeline are required to realize the value-add thesis.
Cap rate of 2.82% is below typical financing cost, so returns depend on either income conversion or appreciation rather than going-in yield.
Listed sqft figure of 65 appears to be a data error and should be verified against MPAC and floor plans before underwriting.