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$1,700,000
Est. payment /mo
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 $1,214
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
Prime Corner Commercial Building with Residential Income 88 Elliott Street, BramptonUnlock a rare investment opportunity in the vibrant heart of downtown Brampton. 88 Elliott Street is a free-standing, mixed-use corner property offering immediate rental income and exceptional future redevelopment potential ideal for investors or owner-occupiers seeking to benefit from Bramptons rapid growth.Outstanding Downtown LocationLocated just steps from Brampton GO Station, Algoma University, Queen Streets ZUM bus line, and an array of shops, restaurants, and local services, this high-traffic site offers excellent visibility and accessibility, enhancing long-term value for both commercial and residential tenants.Established Commercial TenantThe ground-floor retail unit is occupied by a long-standing convenience store, providing stable income from a reliable tenant base.Spacious Residential ApartmentThe second level features a bright, well-maintained two-bedroom apartment with a private entrance, offering strong rental potential or an excellent live/work setup for an owner-operator.Rare On-Site ParkingWith parking available for up to 68 vehicles, the property provides a significant advantage in the busy downtown core, boosting convenience for customers, tenants, and visitors.Future Development PotentialZoned for commercial use, the large lot presents strong potential for low-rise, mixed-use redevelopment. As downtown Brampton continues to intensify, this property is well-positioned to capitalize on future density and value growth.Connectivity & Amenities8-minute walk to Brampton GO Station5-minute drive to Highway 410Steps to public transit (ZUM line), parks, schools, YMCA, Peel Memorial Hospital, and major servicesThis unique asset offers dual income streams, a strategic corner location, and significant redevelopment upside an outstanding addition to any portfolio in a rapidly evolving urban core.
Location
Province ON
County Peel
Community Downtown Brampton
Area Peel
Zoning COMMERCIAL
Interior
Cooling Yes
Inclusions Residential one stove, one fridge, hot water owned
Exterior
Community Features Major Highway, Public Transit
Utilities Available Available
Lot Frontage 123.75
Lot Depth 50.0
Others
Security Features No
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Listed by RE/MAX ALL-STARS REALTY INC.