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$ 1,750,000
Est. payment /mo
New
88 Elliott ST Brampton, ON L6Y 1W3
2 Baths
1,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1,400 sqft
Price per Sqft $1,250
Subdivision Downtown Brampton
MLS Listing ID W12088699
Annual Tax Amount $8,517
Tax Year 2024
Property Sub-Type Investment
Lot Depth 50.0
Lot Front 123.75
Property Description
Corner Free-Standing Commercial Building with Residential Apartment 88 Elliott St, Brampton Unlock a premier investment opportunity at 88 Elliott St, situated in the thriving heart of downtown Brampton. This prominent corner property offers a seamless blend of commercial and residential spaces, making it an ideal asset for investors or owner-operators seeking steady income with exciting development potential. Property Highlights: Prime Downtown Location: Located steps from Brampton GO Station, Algoma University, and various local amenities, this high-traffic area provides exceptional visibility and foot traffic, enhancing business potential for the long-established convenience store. Established Convenience Store: A neighborhood favorite for decades, this convenience store delivers a steady income stream, adding immediate value to your investment. Spacious Residential Apartment: The second floor features a comfortable two-bedroom apartment, offering rental income potential or a live-on-site option for owner-operators, enhancing versatility. Ample Parking: With space for 6-8 cars, this large lot offers a rare convenience in downtown Brampton, benefiting both customers and tenants. Development Potential: Zoned for commercial use, this property invites builders and investors to explore the opportunity for a low-rise mixed-use development, meeting the growing demand in Brampton's core. Convenient Access: Within a short walk to schools, parks, gyms (including the YMCA), and the new hospital, with Brampton GO Station just an 8-minute walk away. Highway 410 is only a 5-minute drive, and the ZUM bus line on Queen Street is nearby, ensuring easy connectivity. This property combines the reliable income of a well-established business, rental potential from the residential space, and attractive development opportunities, making it a top-tier investment in one of Brampton's most sought-after areas. Don't miss this chance schedule your viewing today!
Location
Province ON
County Peel
Community Downtown Brampton
Area Peel
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Available
Lot Frontage 123.75
Lot Depth 50.0
Others
Security Features No
Listed by RE/MAX ALL-STARS REALTY INC.
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