389 Main Street, Brampton, ON

$355,000
MLS#:W12831504
0 beds
3 baths
Commercial
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Property Highlights

Welcome to this remarkable sale of business located in the coveted neighborhood of Brampton West. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $355,000 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 3 Bathrooms
  • Spacious lot size measured in Feet
  • equipped with yes central cooling and highly efficient gas forced air open heating

Description

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.

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Key Features

Bathrooms
3
Property Type
Commercial

Additional Details

StatusActive
Listed Date3/1/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeSale Of Business
CountyPeel
Annual Tax$0
Legal DescriptionPCL 8-8, SEC 43-CHING 1(W.H.S.) ; PT LTS 14 & 15, PL BR9 ; PT LTS 32, 33 & 34, PL BR25 , PART 2 , 43R12518 CITY OF BRAMPTON

Parking & Garage

Garage Spaces194
Garage TypeNone

Heating & Cooling

Heat TypeGas Forced Air Open
CoolingYes

Features

Property Features

Interior Features

Security Features

Yes

Community Features

Major Highway, Public Transit

Location

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389 Main Street, Brampton, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 389 Main Street N 1, Brampton, ON L6X 3P1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Brampton.

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Interest Rate5.25%
Down Payment$17,750 (5.0%)
* Minimum Canadian down payment required for this price is $17,750.
Amortization Period25 Years
Estimated Monthly Payment$2,010Based on a loan of $337,250 over 25 years.
Purchase Price$355,000
Loan Amount$337,250
Provincial Land Transfer Tax:$3,800
Total Estimated Closing Taxes:$3,800

About Purchasing a Home in Brampton, ON

For a property listed at $355,000 in Brampton, the legal minimum down payment is $17,750 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 $3,800 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 $3,800.

Nearby Listings

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No current listings found in Brampton.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Brampton West, Brampton.

Verified Local Data
City Population656,480
City Median Age35.8 Yrs
City Ownership76% Owners
Avg Area List Price$827,845

People & Families

Age Distribution

Household Composition

One-person households
14%
Families with children
58%
Couples without children
20%
Other households
8%

Top Ethnic Origins

Indian42%
Canadian10%
English6%
Jamaican5%

Local Schools Guide

Elementary Schools

Our Lady of Fatima
Public39 Sunset Boulevard, Brampton, Ontario, L6X 1X1
4.0
St Maria Goretti
Public121 Royal Orchard Drive, Brampton, Ontario, L6X 4K9
5.1
Al-Ameen
Public389 Main Street North, Brampton, Ontario, L6X 1N7
10.0
St Anne
Public11 Dwellers Road, Brampton, Ontario, L6X 5C1
5.7
St Ursula
Public11 Dwellers Road, Brampton, Ontario, L6X 5C1
6.9

Secondary Schools

David Suzuki Secondary
Public45 Daviselm Drive, Brampton, Ontario, L6X 0Z3
4.7
Heart Lake SS
PublicBrampton, Ontario
5.6

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied76%
Rented24%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.