$2,551,000 - 11655 MCVEAN Drive Unit 8, Brampton
Commercial for Sale in Brampton
229 days on marketNeighbourhood: Toronto Gore Rural Estate
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- MLS Number
- W12804630
- Property Type
- Commercial
- Status
- active
- Days on Site
- 229
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 2,058 sqft
- Neighbourhood
- Brampton
- Taxes (2026)
- $1
- Listing Brokerage
- RE/MAX GOLD REALTY INC.
Prime Leasehold Property for Sale - 2,057.60 Sq. Ft. with Guaranteed Long Term Rental Income. We are pleased to present a rare investment opportunity in one of the most vibrant commercial areas on the Brampton and Caledon border. This 2,057.60 sq. ft. leasehold property is strategically located at the major intersection of McVean Drive and Mayfield Road, ensuring maximum visibility, accessibility, and exposure to consistent traffic. This property is not a business for sale - it is a fully operational commercial space with an established, long-term tenant. Investors will benefit from assured rental income from day one, offering a secure and stable return. The tenant has a proven track record of timely payments, providing peace of mind and eliminating common leasing uncertainties. The property is part of a thriving commercial plaza that serves the local community with a mix of shops and services. All units in the plaza are operational, creating a lively, attractive environment that draws regular foot traffic. Its location at a busy intersection further enhances visibility, making it ideal for tenants and ensuring the property remains highly desirable in the market. This is a turnkey investment opportunity, perfectly suited for investors seeking a reliable, long-term asset with minimal management hassle. The property's strong location fundamentals, stable tenant profile, and continuous cash flow make it a rare find in the Brampton-Caledon corridor. McVean Drive & Mayfield Road - high-traffic commercial hub. Tenant: Long-term, reliable, providing guaranteed rental income. Plaza: Fully operational with multiple shops serving the local community. Investment: Ideal for long-term, secure returns; turnkey and low-risk. Don't miss this opportunity to own a commercial property at one of the most sought-after corners in Brampton. Whether you are a seasoned investor or a new entrant, it offers both stability and growth potential in a prime location.
Estimate your monthly payments for this property
Estimated Payment
$11,283.93/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Toronto Gore Rural Estate
Toronto Gore Rural Estate is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Toronto Gore Rural Estate
- •Convenient location in Brampton
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Toronto Gore Rural Estate offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
11655 MCVEAN Drive Unit 8, Brampton
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $1,240/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Extended Exposure — Negotiating Room
At 229 days on market, this commercial property has had significant exposure. Commercial listings typically take longer to sell than residential, but this timeline may indicate pricing or tenancy issues worth exploring. A motivated seller often means better terms for a prepared buyer.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Brampton transactions.