55-Unit Four-Storey Multi-Residential Building with Development Potential by Bramalea City Centre

Colliers International (“Colliers” or “The Advisor”) has been retained to arrange the sale of 507 Balmoral Drive (“The Property” or “507 Balmoral”) a 55-unit four-storey multi residential building located in Brampton, Ontario just south of Queen St. East and Bramalea Road. This building is well serviced with 74 on-site parking stalls and located nearby Bramalea GO Station and Bramalea City Centre. 507 Balmoral presents a unique value-add investment opportunity for a well-managed apartment building with substantial rental upside in a growing rental market. The property also presents an opportunity for further development on the large 3.374-acre plot of land for additional GFA of 233,728 SF (IBI Massing Study 2021).