88 Elliott Street Brampton (Downtown Brampton), Ontario L6Y 1W3
$1,788,000
Free-Standing Commercial Building with Established Convenience Store and Residential ApartmentDiscover a prime investment opportunity in the heart of downtown Brampton. This corner property features a free-standing commercial building housing a well-established convenience store that has been serving the local neighborhood for decades. Additionally, it includes a spacious two-bedroom apartment on the second floor, making it a versatile investment option.Property Highlights:Prime Downtown Location: Situated in the vibrant heart of Brampton, this property is just steps away from the Brampton GO station, Algoma University, and various amenities.Established Business: The convenience store has a strong, long-standing presence in the community, providing a steady stream of income.Residential Component: The spacious two-bedroom apartment on the second floor offers additional rental income potential.Large Lot with Ample Parking: The property features a sizable lot with parking for approximately 6-8 cars, enhancing its commercial appeal.Development Potential: With commercial zoning and a large lot, this property presents a unique opportunity for builders and investors to develop a low-rise building on the combined land of both properties.Convenient Accessibility: The property is within a 5-minute walk to multiple schools, parks, gyms, including the YMCA, and a new hospital. The Brampton GO Station is only an 8-minute walk away, Highway 410 is a quick 5-minute drive, and the ZUM bus line on Queen Street is just a 5-minute walk away. Additionally, a fire station at Centre and Vodden is within a 5-minute walk.This property is an excellent investment in a high-demand, central location with substantial potential for both commercial and residential income. **** EXTRAS **** This property can be purchased along with 25 Fraser, Brampton, ON, which is listed separately ( W9031079).23 Fraser is on the market as well. (id:52603)
Property Details
| MLS® Number | W9031098 |
| Property Type | Retail |
| Community Name | Downtown Brampton |
| Amenities Near By | Public Transit |
| Features | Irregular Lot Size |
| Parking Space Total | 8 |
Building
| Bathroom Total | 2 |
| Appliances | Refrigerator, Stove |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Exterior | 1400 Sqft |
| Size Interior | 1400 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Size Depth | 50 Ft |
| Size Frontage | 123 Ft ,9 In |
| Size Irregular | Bldg=123.75 X 50 Ft ; Irregular Lot |
| Size Total Text | Bldg=123.75 X 50 Ft ; Irregular Lot |
| Zoning Description | Commercial |
5071 Highway 7 East #5
Unionville, Ontario L3R 1N3
(905) 477-0011
(905) 477-6839
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September 04 2024 05:41:41
Toronto Real Estate Board
RE/MAX All-Stars Realty Inc.