How I sold a tenanted rental property in Brampton

The situation

A client of mine brought me this one to sell. Not a home, an income property.

A four-level backsplit with over 2,500 square feet of finished space arranged as three self-contained units, and every one of them had a tenant in it. It sold with the tenants staying.

We had another Brampton property going at the same time, 18 Regis Circle, which sold for $1,330,000 and closed nineteen days after this one. Combined, the two came to $2,249,000.

What made it hard

Selling a fully tenanted property is a different job than selling an empty one. Every showing needed 26 hours notice, because three separate households had to get legal notice each time.

The buyer pool narrows to investors, because an owner-occupier can’t move into a house full of tenants. And the listing had to say in writing that neither the seller nor I warranted the retrofit status of the basement apartments, the honest position, and also the kind some buyers walk away from.

What the numbers said

August 2025, when the listing was signed: 231 detached houses sold in Brampton, average $1,077,929, median $1,005,000, 29 days, 97% of asking. September, when it sold, was nearly identical.

The $950,000 ask sat below both the average and the median for a Brampton detached, which is what you’d expect for a tenanted property carrying an assumption condition.

What I recommended

There’s no pricing memo on file for this one. What I can say for certain is what we did: listed at $950,000 and never moved off it.

What I did

• Listed August 30, 2025 at $950,000, co-listed with another broker.
• Marketed it as an income property first, leading on the three-unit configuration rather than the house.
• Ran showings on 26 hours notice to protect the tenancies.
• Sold with the tenants assumed rather than asking the sellers to empty the units first, which would have cost them months of rent and left the property worth less to an investor.

What happened

Sold for $919,000 on September 22, 2025, 23 days after listing, 97% of the asking price, to buyers with their own agent. That’s exactly the Brampton detached average that month, six days faster than the market’s 29.

Then the closing slipped five weeks after the buyers changed lawyers with no warning. I flagged it to the sellers’ lawyer on December 30. Their new lawyer asked, on January 2, whether the sellers would agree to move the closing to January 6. They did. It closed January 6, 2026.

A tenanted property sold faster than the Brampton detached average, on an asset class that’s genuinely harder to sell than a vacant house, and the deal held together when the buyers changed lawyers five weeks from closing.