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$310,000
$355,000For salePrice drop↓ $45,000 (13%)

#1 389 Main Street North, Brampton (Brampton West) - Business for Sale

#1 389 Main Street North, Brampton (Brampton West), Ontario, L6X3P1

3 baths194 parking2,250 ft²Listed 248 days ago
Overview

This business in Brampton is for sale offering roughly 2,250 sq ft of space.

Description

This exceptional commercial opportunity is situated within a highly desirable plaza on approximately 2.55 acres of land. The established Portuguese bar and grill, founded in 2017, has built a strong reputation and offers excellent potential for conversion to Indian cuisine or other culinary concepts. Strategically positioned in the heart of Brampton at the intersection of Main Street and Vodden Street, the unit benefits from outstanding visibility and exposure. The premium location attracts substantial foot traffic and provides strong long-term growth potential. Surrounded by major highways, residential communities, commercial hubs, industrial zones, and retail corridors, the property is ideally situated to support a thriving restaurant business. The premises consist of 2,250 sq. ft. within a two-story plaza, including a 640 sq. ft. commercial kitchen. The dining area accommodates 74 indoor seats and an outdoor patio with seating for 28 guests. Full dine-in, takeout, and catering services are offered. The unit includes three washrooms: two customer washrooms and one within the kitchen. The LCBO-licensed bar is crafted from oakwood and features a marble countertop measuring 31' x 2', serving as a focal point of the dining area and a strong revenue generator. This renovated corner unit provides excellent loading capabilities and features high clear height, an efficient layout, full sprinkler coverage, freehold ownership, and a detached structure on both sides. Customers benefit from access to both front and rear parking areas. Zoned Service Commercial SC 3285, the property offers flexibility for commercial use. The plaza provides grass cutting, watering, and snow removal. As a freehold unit, there are no condominium fees. The rear entrance allows convenient catering pickups and deliveries. Parking includes four designated front spaces, 40 shared spaces, over 150 additional spaces behind the building, and three reserved spaces. (id:66096)

Property Details

MLS®
W12831504
Property Type
Business
Business Type
Restaurant
Zoning
Service Commercial (SC-3285)
Bathrooms
3
Parking
194
Interior Size
2,250 ft²
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Listed
248 days ago

Features

Appliances
Washer, Dishwasher, Wine Fridge, Oven, Microwave, Alarm System, Freezer

Services

Water
Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market
248d
Brampton (Brampton West) listings, avg age
54d
Price / ft²
$138
List price
$310K

Long Listed: 248 days on market, against an average age of 54 days across the listings currently for sale in this city

Homes here sell faster than most markets

Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This business in Brampton (Brampton West) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Listed by HOMELIFE/MIRACLE REALTY LTD · JAMES WASHINGTON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L6X)

This home lists at $310,000, about 2.7× the local median household income of $116,000.

Carrying it typically needs a household income of about $60,554 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income
$116,000
Population
76,113
Median age
35.6
Owner / renter
79% / 21%
Avg. household size
3.6

Source: Statistics Canada, 2021 Census (FSA L6X)

$310,000· $138/ft²
For sale

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Financing

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$310,000

Brampton

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