Contact Us

389 Main Street N in Brampton: Brampton West Commercial for sale : MLS®# W12831504

Looking for a commercial residential for sale? These mixed-use properties offer flexibility and income potential, blending business space with residential living. Whether you’re an investor, entrepreneur, or buyer seeking passive income, commercial-residential real estate presents excellent long-term value.

Forgot password Extend Verify Contact

389 Main Street N
Brampton West Brampton L6X 3P1

$355,000 /For Sale
Commercial

Main Photo: 389 Main Street N in Brampton: Brampton West Commercial for sale : MLS®# W12831504
Status:
Active
Prop. Type:
Commercial
MLS® Num:
W12831504
Bus Major:
Restaurant
A Gold Mine Portuguese Restaurant Bar & Grill, established in 2017, is strategically located in the heart of Brampton at the intersection of Main Street and Vodden Street. The business is positioned within a high-density residential and commercial district, surrounded by thriving retail activity. With unobstructed frontage on Main Street, the unit benefits from exceptional visibility and consistent high-traffic exposure-an ideal opportunity for investors seeking strong income potential and long-term growth. The property also offers convenient access to major highways and sits directly across from a busy shopping centre featuring Shoppers Drug Mart, GoodLife Fitness, Giant Tiger, and additional national retailers. The premises total 2,250 sq. ft. within a two-storey plaza and include a 640 sq. ft. commercial kitchen, 74 indoor seats, and an outdoor patio accommodating 28 guests. The unit features three washrooms-two spacious customer washrooms and one located in the kitchen. A beautifully crafted oak-wood bar measuring 31' x 2' serves as a focal point of the dining area. The restaurant offers a full dine-in, take-out, and catering menu, is licensed by the LCBO, and can be converted to any cuisine concept, including Indian. Monthly rent is $7,191.00 (inclusive of HST and TMI). The current lease extends until July 31, 2026, with a 5+5 renewal option. Average monthly utilities are approximately $1,500. The unit features 15-foot clear height ceilings with sprinklers and is constructed with durable structural materials. A rear entrance provides convenient access for catering pickups and deliveries. Parking is abundant, with four designated spots at the front of the unit, an additional 40 shared front-lot spaces, and more than 150 additional parking spaces located behind the building. The business is competitively priced at $355,000. The equipment value alone is appraised at $214,150. Inventory is excluded from the sale price and will be calculated separately.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
Yes
Total Area:
2250 sq. ft. Square Feet
Total Area:
2,250 sq. ft.
Retail Area:
30 sq. ft. %
Industrial Area:
70 sq. ft. %
Lot Depth:
0'
Lot Frontage:
0'
Bathrooms:
3.0
Water supply:
Municipal
Zoning:
Service Commercial (SC-3285)
Heating type:
Gas Forced Air Open
Clear Height:
15'
Garage:
None
Parking Spaces:
194
Possession Details:
TBD
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Type Taxes:
N/A
Taxes:
$0 / 2025
Assessment:
$- / 2025
Peel
Brampton
Brampton West
Major Highway, Public Transit
Yes
Large hood (18 ft x 4 ft), Small hood (4 ft x 5 ft), Grill+ stove,2 fryers (1 large and 1 small) Grill Chicken Machine, 2 Convection Oven, Warmer, Pop Fridge, Dish Washer, Stainless Steel Counter & Cupboards, 4 Shelving, 1 Over the stove Grill, Walk-in cooler, Pots, pans, trays, and utensils, Microwave, Storage Truck, 2 Freezers, Triple Sink (Compartment sink), Sprinkler System, Wooden Bar counter 31 FT x 2 FT (Oak), 5 Door Beer cooler, Wine cooler, Hot Table, Dishwasher at Bar, Alarm System, Camera & Monitoring System, 12 tables & 46 Chairs, 4 bar tables & 12 high bar stool, Televisions, Fireplace, Dessert Table, Patio tables & chairs 2 Outdoor BBQs on patio, Plates/bowls - Cutlery for 75 people, Telephone 2 wireless + Head piece, All Wall Clocks Decorative Table (Included by fireplace).Television2 Speakers in box ,Large office Sofa, Desk Cabinet . Hot water tank - Owned
Small grill machine, Fish tank, Antique entrance table, All DJ equipment, Outdoor patio, monitor, Office printer.
None
Utilities:
Available
Sewers:
Sanitary+Storm Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
Monday to Thursday 10 Am -8 Pm Friday to Sunday 10 Am - 10 Pm
Employees:
3
Chattels:
Yes
LLBO:
Yes
Seats:
102
Date Listed:
Mar 01, 2026
Original Price:
Previous Price:
  • Photo 1: 389 Main Street N in Brampton: Brampton West Commercial for sale : MLS®# W12831504
    Photo 1 of 1
Larger map options:
Larger map Satellite map Street View Walkscore
Listed by HOMELIFE/MIRACLE REALTY LTD
Data was last updated March 2, 2026 at 06:15 AM (UTC)
DARYL KING
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
powered by myRealPage.com

Why Choose a Commercial Residential Property?

• Dual Income Potential – Earn from both residential tenants and commercial leases
• Ideal for Business Owners – Live and work in the same space or rent one out
• High Demand in Urban Centers – Great appreciation in key GTA neighborhoods
• Tax Benefits – Potential deductions for property taxes, mortgage interest, and depreciation

Explore Commercial Residential Across the GTA

From downtown Toronto storefronts with apartments above to suburban mixed-use lots, the GTA offers diverse opportunities. Consider locations like:

  • Hamilton & Durham – More affordable options with upside potential
  • Toronto Core – High foot traffic and visibility
  • Vaughan & Richmond Hill – Rapid suburban growth

Tips for Buying a Commercial Residential Property

Make sure to research zoning laws, expected rental yields, and property management needs. Consult professionals for financing, legal advice, and inspections.

Start Your Search for a Commercial Residential Property Today

Browse our listings to find a property that suits your investment goals or lifestyle. Whether you’re expanding a business or building long-term equity, now is the time to invest in this versatile property type.

lore More GTA Homes:

Each link provides updated listings and expert insights.

FAQs – Commercial Residential for Sale

1. What is a commercial residential property?
It’s a mixed-use property that combines residential living space with commercial units, like retail or office.

2. Are these properties good investments?
Yes. They offer dual income streams and strong appreciation in high-growth areas.

3. Can I live in the residential portion and rent the commercial part?
Absolutely. Many owners choose to occupy one space and lease the other for income.

4. What financing options are available?
You may need a commercial mortgage or mixed-use loan; rates and terms vary from traditional home loans.