Rare development opportunity in the heart of Downtown Brampton. This offering includes three adjoining properties being sold together as one land assembly: 14 Centre Street North, 16 Centre Street North, and 83 Wilson Avenue.The combined site has received Site Plan Approval for a 9-storey residential apartment building consisting of 82 residential units. The property may offer future intensification potential, subject to municipal approvals and purchaser due diligence.The three existing residential dwellings are currently tenanted and generate approximately $48,000 in annual rental income, providing interim holding income while development plans are advanced.Ideally located within close proximity to Downtown Brampton, GO Transit, public transportation, shopping, restaurants, and major commuter routes. An outstanding opportunity for developers, builders, and investors seeking a shovel-ready residential development site in one of Brampton's rapidly evolving urban corridors. Property Is Being Sold As Is.
16 Centre Street N
Queen Street Corridor, Brampton, Peel $3,580,000Make an offer
3 Beds
2 Baths
1100-1500 sqft
Detached
Garage
Parking for 6
East Facing
Zoning: Single Family Residential
- MLS®#:
- W13221586
- Property Type:
- Detached
- Property Style:
- Bungalow
- Area:
- Peel
- Community:
- Queen Street Corridor
- Taxes:
- $5,390.89 / 2025
- Added:
- June 01 2026
- Lot Frontage:
- 60
- Lot Depth:
- 118
- Status:
- Active
- Outside:
- Brick
- Year Built:
- Basement:
- Partially Finished
- Brokerage:
- HOMELIFE NEW WORLD REALTY INC.
- Lot :
-
118
60
- Lot Irregularities:
- Corner
- Intersection:
- Queen St E/Centre St N
- Rooms:
- Bedrooms:
- 3
- Bathrooms:
- 2
- Fireplace:
- Utilities
- Water:
- Municipal
- Cooling:
- None
- Heating Type:
- Forced Air
- Heating Fuel:
Listing Details
Insights
- Development Potential: The property includes three adjoining lots with Site Plan Approval for a 9-storey residential apartment building, offering a significant opportunity for developers to capitalize on the growing demand for housing in Downtown Brampton.
- Income Generation: Currently tenanted, the properties generate approximately $48,000 in annual rental income, providing immediate cash flow while development plans are being finalized.
- Prime Location: Situated in the heart of Downtown Brampton, the property is conveniently located near public transportation, shopping, and major commuter routes, enhancing its attractiveness for future residents and investors alike.
Sale/Lease History of 16 Centre Street N
View all past sales, leases, and listings of the property at 16 Centre Street N.Neighborhood Overview
Complete neighborhood profile for 16 Centre Street N
Queen Street Corridor home prices
Average sold price for Detached, Semi-Detached, Condo, Townhomes in Queen Street Corridor
Insights for 16 Centre Street N
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