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88 Elliott Street

$1,780,000

88 Elliott Street, Brampton, ON L6Y 1W3, Canada

Active
Last Updated: 09/03/2024

100

Occupancy

Modified Gross

Lease Type

Details:
Occupancy:    100%
Lease Type:    Modified Gross
Zoning:    Commercial
Investment Strategy:    Value Add
Highlights:
  • Corner Lot
  • Convenience Store Franchise and 2 Bedr Apartment
  • Downtown Brampton
Description:

Free-Standing Commercial Building with Established Convenience Store and Residential Apartment

Discover a prime investment opportunity in the heart of downtown Brampton. This corner property features a free-standing commercial building housing a well-established convenience store that has been serving the local neighborhood for decades. Additionally, it includes a spacious two-bedroom apartment on the second floor, making it a versatile investment option.

Property Highlights:

Prime Downtown Location: Situated in the vibrant heart of Brampton, this property is just steps away from the Brampton GO station, Algoma University, and various amenities.

Established Business: The convenience store has a strong, long-standing presence in the community, providing a steady stream of income.

Residential Component: The spacious two-bedroom apartment on the second floor offers additional rental income potential.

Large Lot with Ample Parking: The property features a sizable lot with parking for approximately 6-8 cars, enhancing its commercial appeal.

Development Potential: With commercial zoning and a large lot, this property presents a unique opportunity for builders and investors to develop a low-rise building on the combined land of both properties.

Convenient Accessibility: The property is within a 5-minute walk to multiple schools, parks, gyms, including the YMCA, and a new hospital. The Brampton GO Station is only an 8-minute walk away, Highway 410 is a quick 5-minute drive, and the ZUM bus line on Queen Street is just a 5-minute walk away. Additionally, a fire station at Centre and Vodden is within a 5-minute walk.

This property is an excellent investment in a high-demand, central location with substantial potential for both commercial and residential income.

Map:
Documents:
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Location
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