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$ 1,700,000
Est. payment /mo
Price Dropped by $50K
88 Elliott ST Brampton, ON L6Y 1W3
2 Baths
1,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 1,400 sqft
Price per Sqft $1,214
Subdivision Downtown Brampton
MLS Listing ID W12088703
Annual Tax Amount $8,518
Tax Year 2024
Property Sub-Type Store W Apt/Office
Property Description
Prime Corner Commercial Building with Residential Income88 Elliott Street, Brampton | Mixed-Use Investment | High Traffic & Future UpsideUnlock a rare opportunity in the thriving core of Downtown Brampton. This free-standing, mixed-use corner property at 88 Elliott Street combines immediate income generation with exceptional redevelopment potentialideal for investors or owner-users looking to benefit from Bramptons ongoing urban growth.Property Highlights:Established Commercial Tenant: Ground-floor retail unit leased to a long-standing convenience store, offering stable cash flow and tenant reliability.Residential Income: Second-floor, private-entry 2-bedroom apartment, well-maintained and filled with natural lightsuitable for tenants or live/work use by an owner-operator.Rare On-Site Parking: Ample surface parking for up to 68 vehicles, a significant advantage in the busy downtown core.Strategic Downtown Location:Steps to Brampton GO Station, ZUM Transit Line, Algoma University, and Queen Street amenitiesSurrounded by restaurants, shops, parks, and professional servicesShort drive to Highway 410, with easy regional accessClose to Peel Memorial Hospital, YMCA, schools, and public green spaceFuture Development Potential:Zoned for commercial use with a generous lot footprint, this property presents a strong opportunity for future low-rise, mixed-use redevelopment. As Brampton continues to intensify its downtown with infrastructure and residential growth, this site is well-positioned to capture long-term upside.88 Elliott Street offers a unique combination of dual income streams, strategic visibility, and redevelopment potential, making it a smart addition to any investment portfolio in one of the GTAs fastest-growing urban centres.
Location
State ON
County Peel
Community Downtown Brampton
Area Peel
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Available
Lot Frontage 123.75
Lot Depth 50.0
Others
Security Features No
Listed by RE/MAX ALL-STARS REALTY INC.