$377,000
For sale: Detached

Great Opportunity in the Heart of Downtown Brampton! Fire-damaged property offering excellent potential for renovation or new construction, ideally located in the heart of downtown Brampton. Just steps away from the theatre, GO Station, university, shopping, and beautiful parks. This property offers an outstanding location with plenty of possibilities. The current owner has already spent $15,000 on demolition and cleanup. There are Two Options to Choose From: OPTION 1 - Build a Brand-New Home. A building permit has already been obtained from the City for the construction of a new house on this lot. The permit may be transferable to the new owner, subject to the City's approval. OPTIONI 2 - Renovate into a DUPLEX. The seller has already invested in architectural drawings and an engineering report and has applied to the City for a renovation permit to convert the existing house into a duplex, featuring: Main level: 2 bedrooms, bathroom, kitchen. Basement: 2 bedrooms, bathroom, kitchen. The architectural drawings, engineering report, and permit application can be made available to the new owner, subject to the applicable City requirements. The seller can also provide the contact information for a contractor who can undertake the renovation. Property sold As Is Where Is. An excellent opportunity for builders, investors, or buyers looking to create a customized property in a prime downtown location. Listing Agent has interest in the property.
Sold data
Homes in Downtown Brampton took a median of 31 days to sell over the last 365 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 49, across 84 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 63 days.
The median sale price was $654,500.
Homes sold for about 3.9% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
Based on 84 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Brampton (Downtown Brampton) has 112 Fraser Institute–rated schools (86 elementary and 26 secondary), averaging 6.1/10.
School ratings from the Fraser Institute's Ontario school report cards.
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