$1,249,000

For sale

$1,249,000

Brampton

Overview

This retail property in Brampton is for sale offering roughly 1,754 sq ft of space. It has been on the market 33 days, fresher than the Brampton average of 107 days.

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Description

CORNER LOT, MAJOR TRANSIT STATION AREA, OFFICIAL PLAN DESIGNATED - MIXED USE PROPERTY (INCLUDING RESIDENTIAL) Live & Work Opportunity; Residential/Commercial Mixed Use Building available on the most desirable street in Brampton with excellent location. Building Parking Lot with 6 Parkings in the Back Yard has three accesses; One from Main St N and Two from Lorne Avenue. Ground Floor is Commercial or Industrial & 2nd Floor is Residential Usage as per Zonig By-Law. Many more commercial usages available via CMU3 (Commercial Mix Use 3) Zoning (Please refer the "other Property Information" attachment for more details on the top of the MLS listing) and DPS (Development Permit System) to bring any new Future Proposal. More Usages ; Art Gallery; Bed & Breakfast; Children's or Seniors Activity Centre; Commercial School; Community Club; Custom Workshop; Day Nursery; Dining Room Restaurant; Hotel; Medical Office; Personal Service Shop; Religious Institute; Service Shop; Alternate School Use and Adult Learning Centers; Multiple Residential Dwelling; Duplex Dwelling; Street Townhouse. Laundry in the Partially Finished Basement. Property is Currently Fully Leased. Steps aways from Brampton Go station, Algoma University, Gage Park, GoodLife Fitness Centre, No Frills, Shoppers Drug Mart, McDonalds, Wendy's, Tim Hortons, etc. 3 Br Apartment upstairs with a deck and separate entrance from the Parking Lot. Minutes from Highway 410/407/401. Steps Away from the Highrise Twin Tower Project "Bristol Place - Solmar Development Corp." Great Development Potential For a Mixed Use Multi Storey Building . Many Other Multi Storey Projects Coming in the Downtown Area **The City of Brampton is planning to extend the Hazel McCallion LRT (formerly Hurontario LRT) to Vodden Street. **The Etobicoke Creek Revitalization project, specifically the section from Vodden Street to Queen Street, is part of a larger initiative to improve flood protection and create new public spaces in Downtown Brampton.** (id:66096)

Property Details

MLS®: W13853896
Property Type: Retail
Business Type: Service
Zoning: R1B; CMU3 (DPS); Resi. with Comm./Industrial. Unit
Bathrooms: 2
Parking: 6
Interior Size: 1,754 ft²
Lot Size: 43 × 123 ft (5,268 sq ft)
Frontage: 42 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $7,292/yr
Listed: 33 days ago

Features

Lot Features: Conservation/green belt

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

33d

Brampton (Downtown Brampton) listings, avg age

107d

Price / ft²

$712

List price

$1.25M

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 retail in Brampton (Downtown Brampton) has been listed for 33 days, which is 74 days fresher than the city average of 107. Act while there is still low competition.

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Area context

Neighbourhood profile (L6X)

This home lists at $1,249,000, about 10.8× the local median household income of $116,000.

Carrying it typically needs a household income of about $243,973 (20% down, 25-yr amortization, stress-tested) — roughly 110% above 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)

$1,249,000· $712/ft²

For sale

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Financing

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281 Main Street North, Brampton (Downtown Brampton) - Retail for Sale