$1,788,000 FOR SALE

Investment

Lot: 123.75 x 50 ftTotal Area: 1,400 ft2
2024 Taxes: $8,098

88 Elliott St
Brampton, ON L6Y 1W3 | Downtown Brampton | Peel

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 mls as well

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Listed By RE/MAX ALL-STARS REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number W9031086
Last Updated Sep 04, 2024
Property Summary
Property Type Investment

More like this:
Category Retail
PIN 140670107
Occupancy Tenant
Possession Date TBD
Taxes (2024) $8,098
Tax Type Annual
Directions/Cross Streets ELLIOTT ST & FRASER AVE
Neighbourhood Downtown Brampton
Area Peel
Price History
Interested in obtaining the full price history for this property?
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Detailed Information
Freestanding Y
Bathrooms 2
Lot 123.75 x 50 ft
Lot Irregularities Irregular lot
Retail Area 700 ft2
Office/Apt Area 700 ft2
Total Area 1,400 ft2
Air Conditioning Y
Basement Y
Garage Type None
Parking Spaces 6
LLBO N
Heat Type Gas Forced Air Open
Outside Storage N
Area Influences Major Highway, Public Transit
Sprinklers N
Utilities A
Water Municipal
Survey Y
Lot/Bldg/Unit Code Building
Zoning COMMERCIAL
Seller Property Info Statement N

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