143 Clarence Street, Brampton, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Brampton East. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $249,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 1 Bathroom
- Premium 18.6 x 56.3 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Excellent opportunity to acquire a well-established restaurant in a busy, high-traffic plaza with plenty of customer parking. This 1,000 sq. ft. unit is clean, well maintained, and offers seating for approximately 30 guests, making it ideal for both dine-in and takeout service.The business currently generates average monthly sales of approximately $40,000, with steady growth and a loyal local customer base. Known for its popular street food menu, this restaurant has built strong recognition in the area.Affordable rent at $5,025/month, including TMI. Lease in place until 2028, with two additional 5-year renewal options available.A great turnkey opportunity for an owner-operator, entrepreneur, or investor looking to take over a profitable business in a prime location.
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Pricing & Value Insights
Data-driven valuation for 143 Clarence Street 2, Brampton, ON L6W 1T2
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About Purchasing a Home in Brampton, ON
For a property listed at $249,000 in Brampton, the legal minimum down payment is $12,450 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $2,215 for this transaction. As this listing is in Brampton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,215.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.