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Listed 2 months ago

281 Main Street N

Downtown Brampton, Brampton

$1,299,000

Detached|2-Storey
3 | 2 | 6
About this home

CORNER LOT, MAJOR TRANSIT STATION AREA, OFFICIAL PLAN DESIGNATED - MIXED USE PROPERTY (INCLUDING RESIDENTIAL) Live & Work Opportunity; Residential/Commercial Mixed Use Building available on the most desirable street in Brampton with excellent location. Building Parking Lot with 6 Parkings in the Back Yard has two accesses; from Main St N and from Lorne Avenue as well. Ground Floor is Commercial or Industrial & 2nd Floor is Residential Usage as per Zonig By-Law. Many more commercial usages available via CMU3 (Commercial Mix Use 3) Zoning (Please refer the "other Property Information" attachment for more details on the top of the MLS listing) and DPS (Development Permit System) to bring any new Future Proposal. More Usages ; Art Gallery; Bed & Breakfast; Children's or Seniors Activity Centre; Commercial School; Community Club; Custom Workshop; Day Nursery; Dining Room Restaurant; Hotel; Medical Office; Personal Service Shop; Religious Institute; Service Shop; Alternate School Use and Adult Learning Centers; Multiple Residential Dwelling; Duplex Dwelling; Street Townhouse. Laundry in the Partially Finished Basement. Property is Currently Fully Leased. Steps aways from Brampton Go station, Algoma University, Gage Park, GoodLife Fitness Centre, No Frills, Shoppers Drug Mart, McDonalds, Wendy's, Tim Hortons, etc. 3 Br Apartment upstairs with a deck and separate entrance from the Parking Lot. Minutes from Highway 410/407/401. Steps Away from the Highrise Twin Tower Project "Bristol Place - Solmar Development Corp." Great Development Potential For a Mixed Use Multi Storey Building . Many Other Multi Storey Projects Coming in the Downtown Area **The City of Brampton is planning to extend the Hazel McCallion LRT (formerly Hurontario LRT) to Vodden Street. **The Etobicoke Creek Revitalization project, specifically the section from Vodden Street to Queen Street, is part of a larger initiative to improve flood protection and create new public spaces in Downtown Brampton.**

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,292
Lot Size42.88 ft x 122.86 ft
mls© NumberW13444650
Listed ByPONTIS REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,649
Property tax
$608
Heat allowance
$150
Housing costs
$7,407 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $259,800
25-yr amortization

Income needed

$228,000

gross annual household income

Payment at 4%
$5,466 / mo
Cash down
$259,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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