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Est. payment /mo
35,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 35,000 sqft
Subdivision Steeles Industrial
MLS Listing ID W13741354
Annual Tax Amount $93,745
Tax Year 2026
Property Sub-Type Investment
Lot Depth 250.0
Lot Front 450.0
Property Description
Multi-Tenant Investment Property with re-development potential at the corner of Melanie Dr. and Steeles Avenue East. The ~35,000 square foot building is comprised of Ground Floor space of 28,000 sq.ft. +/- and Second Floor space of 7,000 sq.ft. +/- (vacant). Property has Excellent Curb Appeal! Functional layout with Steeles Ave East street frontage in a Prime Retail Commercial and Transportation Corridor. Situated in a highly sought-after, established employment pocket in Brampton the site is located 8.3 Km from Pearson International Airport. Neighbour to the Bramalea GO: Located just to the West along Steeles, offering effortless commuter access across the GTA. Rapid Transit System as well to Brampton Transit and Züm rapid bus routes. Highway Proximity: access to Highways 410, 407, and the 401, streamlining logistics and employee commutes. An Architect redevelopment concept has been designed for a 93 unit hotel on top of existing structure as per plans submitted to the City of Brampton for a pre application consultation. A complete development application required to pursue approvals and permits. A pre application report from the City of Brampton has been received and is available. Corner property with frontage both on Melanie Dr and Steeles Ave East. Two land parcels Rear parcel of the property has a 15' +/- right of way in favour of the adjacent property owner subject to restrictions. Zoning: Permits a range of Industrial and Non Industrial Retail Uses including restaurants and banquet halls. Buyer Agent to confirm Permitted Uses. Zoning: M1-2582. Main Floor is leased with net rents averaging approximately $25 per square foot (estimated figure) to be confirmed during Buyer Due Diligence Period (subject to adjustment). The List Price of this property for one dollar does not legally require the seller to sell it for that price, as it is considered an "invitation to treat" rather than a binding offer. The property is being sold via a competitive bidding process.
Location
Province ON
County Peel
Area Peel
Zoning M1 2582 (Industrial and Non Industrial Uses)
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 450.0
Lot Depth 250.0
Building
Building Age 31-50
Others
ParcelsYN No
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Listed by HARVEY KALLES REAL ESTATE LTD.
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