Matthew Tenk
Broker of Record
88 Elliott Street Brampton (Downtown Brampton), Ontario L6Y 1W3
$1,788,000
Prime Corner Free-Standing Commercial Building with Residential ApartmentExplore a standout investment opportunity at 88 Elliott St, located in the dynamic heart of downtown Brampton. This corner property offers a free-standing commercial building with a well-established convenience store, complemented by a spacious two-bedroom residential apartment on the second floor, making it a versatile and high-potential investment.Property Highlights:Prime Downtown Location: Positioned just steps from the Brampton GO Station, Algoma University, and various amenities, this property benefits from excellent foot traffic and visibility in a bustling area.Established Convenience Store: A neighborhood staple for decades, the convenience store has a solid reputation and generates steady, reliable income.Spacious Residential Apartment: The second-floor apartment features two large bedrooms, providing additional rental income potential or live-in opportunities for an owner-operator.Large Lot with Ample Parking: The property boasts a substantial lot with parking for 6-8 cars, enhancing its appeal for commercial tenants and customers alike.Development Potential: Zoned for commercial use, the property offers builders and investors the chance to develop a low-rise mixed-use building, capitalizing on the growing demand in this central Brampton location.Convenient Access: Within a 5-minute walk to local schools, parks, gyms (including YMCA), and a new hospital. The Brampton GO Station is an 8-minute walk, Highway 410 is a 5-minute drive, and the ZUM bus line on Queen Street is just a short walk away. A fire station at Centre and Vodden is also within easy reach.This property combines stable income from an established business, rental potential from residential space, and significant development possibilities, making it a prime opportunity in one of Bramptons most sought-after areas. **** 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:39551)
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 |
| Fireplace Present | No |
| 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 |
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Toronto Real Estate Board
RE/MAX All-Stars Realty Inc.
September 30 2024 03:04:51
