8 Mill St
Downtown Brampton, Brampton, L6X 1S6
FOR SALE
$1,399,999
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4 + 1
BEDROOMS4
BATHROOMS3 + 1
KITCHENS8 + 3
ROOMSW11899880
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Property Description
Welcome to 8 Mill St N, a rare investment opportunity in the heart of Downtown Brampton! This versatile multiplex property features four separate units, with two currently leased and two vacant, offering the flexibility to live in one unit while generating passive income from the others. Ideally situated within walking distance to public transportation, schools, and shopping centers, and just minutes from major highways, this property boasts an unbeatable location. Surrounded by billion-dollar developments and condo projects, the area is rapidly growing, making this a prime opportunity for future appreciation. Whether you're an investor or looking for a home that can also provide rental income, this rarely offered property is full of potential and not to be missed!
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Extras
4 Kitchens. 2 Leased Units
Nearby Intersections
Queen & McMurchy (8)
Queen & Main (41)
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Property Details
Street
Community
City
Property Type
Multiplex, 2 1/2 Storey
Lot Size
48' x 67'
Fronting
North
Taxes
$4,600 (2024)
Basement
Apartment
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
None
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Brampton Market Statistics
Brampton Price Trend
8 Mill St is a 4-bedroom 4-bathroom home listed for sale at $1,399,999, which is $272,277 (24.1%) higher than the average sold price of $1,127,722 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 4 bedroom home in Brampton declined by $70,640 (5.9%) compared to the previous 30 day period (November 18 - December 17) and down $43,448 (3.7%) from the same time one year ago.Inventory Change
There were 240 4-bedroom homes listed in Brampton over the last 30 days (December 18 - January 16), which is up 2.6% compared with the previous 30 day period (November 18 - December 17) and up 87.5% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Brampton typically sold ($32,041) (2.8%) below asking price over the last 30 days (December 18 - January 16), which represents a $5,510 decrease compared to the previous 30 day period (November 18 - December 17) and ($40,085) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Brampton over the last 30 days (December 18 - January 16) stood at 55.4%, down from 66.7% over the previous 30 days (November 18 - December 17) and down from 89.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Brampton stood at 29 days when successfully sold over the last 30 days (December 18 - January 16), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Miracle Realty Ltd
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