16 Centre Street N Brampton, Ontario L6V 1S7

$3,580,000

Rare development opportunity in the heart of Downtown Brampton. This offering includes three adjoining properties being sold together as one land assembly: 14 Centre Street North, 16 Centre Street North, and 83 Wilson Avenue.The combined site has received Site Plan Approval for a 9-storey residential apartment building consisting of 82 residential units. The property may offer future intensification potential, subject to municipal approvals and purchaser due diligence.The three existing residential dwellings are currently tenanted and generate approximately $48,000 in annual rental income, providing interim holding income while development plans are advanced.Ideally located within close proximity to Downtown Brampton, GO Transit, public transportation, shopping, restaurants, and major commuter routes. An outstanding opportunity for developers, builders, and investors seeking a shovel-ready residential development site in one of Brampton's rapidly evolving urban corridors. Property Is Being Sold As Is. (id:61215)

Property Details

MLS® Number	W13221586
Property Type	Single Family
Community Name	Queen Street Corridor
Parking Space Total	8

Building

Bathroom Total	2
Bedrooms Above Ground	2
Bedrooms Below Ground	1
Bedrooms Total	3
Architectural Style	Bungalow
Basement Development	Partially Finished
Basement Type	N/a (partially Finished)
Construction Style Attachment	Detached
Cooling Type	None
Exterior Finish	Brick
Foundation Type	Unknown
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	1
Size Interior	1,100 - 1,500 Ft2
Type	House
Utility Water	Municipal Water

Parking

Detached Garage
Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	118 Ft
Size Frontage	60 Ft
Size Irregular	60 X 118 Ft ; Corner
Size Total Text	60 X 118 Ft ; Corner|under 1/2 Acre
Zoning Description	Single Family Residential

https://www.realtor.ca/real-estate/29832930/16-centre-street-n-brampton-queen-street-corridor-queen-street-corridor