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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
1-333-345-6868info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 107 days

    Unit 1 — 389 Main Street N

    Brampton West·Brampton, ON·L6X 3P1·Near Main St // Vodden St

    • 3 baths
    Brampton real estate›W12831504
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property 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.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Mar 1, 2026ListedCurrentFor sale$355,000 —W12831504This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Gas Forced Air Open
      Air conditioning
      Yes
      Water source
      Municipal
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 Unit 1 — 389 Main Street N
    What's nearby

    Points of interest classified by the MLS® feed.

    • Major Highway
    • Public Transit
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $1,744
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $195
    0.66% mill rate · ON
    The market

    How this home sits in the Brampton market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Brampton market right now

    Average sold price, days on market, and closed-transaction count for Brampton — sourced from MLS®.

    • Avg sold price
      $887,537
      Last 30 days
    • Median sold price
      $835,000
      Middle of the market
    • Days on market
      29 d
      Avg from list to close
    • Closed last 30d
      1,270
      MLS® transactions
    Full Brampton market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into Unit 1 — 389 Main Street N — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at Unit 1 — 389 Main Street N and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is Unit 1 — 389 Main Street N listed for?

      Unit 1 — 389 Main Street N is listed at $355,000 on the MLS® (listing W12831504). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does Unit 1 — 389 Main Street N have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. 2250 sqft
  2. Sale Of Business
  3. Asking
    $355,000
    $158 / sqft · MLS® W12831504
    Chat Zara
    Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $887,537
    $816,534Confidence range$958,540
    Asking vs estimate
    ↓below
    −$532,537
    (-60.0%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price (limited data on this listing).

    Market analytics

    Homes like this in Brampton sell in about 29 days — this one has been listed 107 days.

    Avg sold price
    $887,537
    Median sold
    $835,000
    Avg days on market
    29
    Recently sold
    1270
    See comparable sales
    AI highlights by Zara
    • The premises consist of 2,250 sq. ft. within a two-story plaza, including a 640 sq. ft. commercial kitchen.
    • The unit includes three washrooms: two customer washrooms and one within the kitchen.
    • Customers benefit from access to both front and rear parking areas.
    • Parking includes four designated front spaces, 40 shared spaces, over 150 additional spaces behind the building, and three reserved spaces.
    Ask Zara a follow-up
    Sanitary+Storm Available
  4. Parking & garage

    3
    Garage
    None
    Parking spaces
    194
    Driveway
    194
  5. Interior

    1
    Elevator
    None
  6. Lot & land

    1
    Zoning
    Service Commercial (SC-3285)
  7. Listing & possession

    3
    Occupancy
    TBD
    Property style
    Without Property
    Property class
    Sale Of Business
  8. Combined estimate
    $1,939
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $1,744
    /mo
    based on the purchase price of $355,000
    $71,000 cash
    $284,000 financed
    $239,203 total interest
    Monthly payment$1,744/ month
    Principal54%$284,000
    Interest46%$239,203

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

    More sale of businesss in Brampton

    Active listings within ±20% of this asking price.

    • 9980 Airport Road
      $349,000
      9980 Airport Road
      Sale Of Business
    • 499 Ray Lawson Boulevard
      $299,000
      499 Ray Lawson Boulevard
      Sale Of Business
    • 2730 North Park Drive
      $349,995
      2730 North Park Drive
      Sale Of Business
    • 45 Dusk Drive
      $319,000
      45 Dusk Drive
      Sale Of Business
    • 4550 Ebenezer Road
      $349,800
      4550 Ebenezer Road
      Sale Of Business 2
    • 50 Rivermont Road
      $299,000
      50 Rivermont Road
      Sale Of Business 2
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  9. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  10. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  11. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  12. Public listing courtesy of HOMELIFE/MIRACLE REALTY LTD · displayed on Summitly per MLS® data-share rules

    Unit 1 — 389 Main Street N is a 3-bath, 2250 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  13. When was Unit 1 — 389 Main Street N built?

    The year built for Unit 1 — 389 Main Street N isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  14. What is the property tax for Unit 1 — 389 Main Street N?

    The 'Property tax' tab in the History section shows the most recent annual tax for Unit 1 — 389 Main Street N plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  15. How much would the monthly mortgage be on Unit 1 — 389 Main Street N?

    The affordability calculator on this page shows an estimated monthly mortgage for $355,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  16. Has Unit 1 — 389 Main Street N been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of Unit 1 — 389 Main Street N with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  17. What neighbourhood is Unit 1 — 389 Main Street N in?

    Unit 1 — 389 Main Street N is in Brampton West, Brampton. The 'Neighbourhood' section below links to the live Brampton real estate hub with average sold price, days on market, and current inventory.

  18. Is Brampton a good place to live?

    Brampton is one of ON's actively-tracked Summitly markets. The full Brampton real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.