1 - 389 MAIN STREET N, Brampton (Brampton West)

$355,000

For sale: Other

Other at 1 - 389 MAIN STREET N, Brampton (Brampton West)
Property type
Sale Of Business
Bedrooms / bathrooms
3 bathrooms
MLS®
MLS® W12831504
Neighbourhood
Brampton West

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.

Sold data

Homes in Brampton (Brampton West) — recent sold market

Homes in Brampton (Brampton West) took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 40, across 1,324 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 52 days.

The median sale price was $849,000.

Homes sold for about 2.8% below asking on average, so there was room to negotiate.

About 19% of sales closed above the list price.

Around 13% of sellers reduced their price before finding a buyer.

Median days to sell
22
Median sale price
$849,000
Sale-to-list ratio
97.2%
Sold above asking
19%

Based on 1,324 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Brampton (Brampton West)

Brampton (Brampton West) has 112 Fraser Institute–rated schools (86 elementary and 26 secondary), averaging 6.1/10.

Rated schools
112
Elementary
86
Secondary
26
Average rating
6.1 / 10

Top-rated schools in Brampton (Brampton West)

  • Al-Ameenelementary, BramptonFraser rating 10.0/10
  • Khalsa Communityelementary, BramptonFraser rating 10.0/10
  • Our Lady of Lourdeselementary, BramptonFraser rating 8.6/10
  • Sainte-Jeanne-d'Arcelementary, BramptonFraser rating 8.3/10
  • Sacred Heartelementary, BramptonFraser rating 8.1/10
  • St Brigidelementary, BramptonFraser rating 8.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1 - 389 MAIN STREET N