279 Colborne Street
Brantford, ON
- 15,848 sqft
- Investment
- 736 days on market
ATTENTION INVESTORS: POWER OF SALE Development Property In Brantford. The Municipality Of Brantford Is Eager To Approve And Assist A Build Up To 22 Storey Mixed-Use Condo. Developers Dream And Background Work Completed. City Willing To Close Small Side Road And Sell Small Parcel To Make This Project A Reality. Area Remains A Development Free Charge Zone And City Is Providing Up To 90% Savings On Property Taxes For Up To A 7 Year Period. To Add To This Amazing Opportunity, The City Has Committed To A 60-Day Conditional Site Plan Approval Of The Project And 3-4 Months For Final Approval Of A Large Commercial/Residential Tower. CITY OF BRANTFORD WANTS THIS DEVELOPMENT! This Corner Lot Is Located In A Premium Area With Two Large Thoroughfares Having Access. Other Large Developments Already Approved In The Area. Take Advantage Of The Work That Has Been Completed And The Eager City Who Wants This Property Developed. Direct Access To Planner For Due Diligence Purposes. This Power Of Sale Will Not Last Long And Is Priced To Sell. For Those Interested In Financing This Purchase, Seller Willing To Provide Mortgage With 75% LTV To Approved Clients. Priced Below Potential To Those Interested Parties. Current Plaza To Be Demolished By New Owner TO Make Room For This Extensive Development. See Attachments For Survey And Drone Tour To View Potential. **EXTRAS** Survey Attached
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2023)
- $21,345
- Originally Listed
- $2,999,000
- Listed
- August 29, 2024
Price History
Property
- Lot Size
- 118.19 x 136.39 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Colborne St E / Clarence St
- Zoning
- C1 Commericial
- Parcel Number
- 321430182
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - Over 20 Units
Included
- Inclusions
- See Schedule B
- Exclusions
- See Schedule B
- Rental Items
- See Schedule B
Community
Postal area N3T
- Population
- 37,406
- Private dwellings
- 14,602
- Median age
- 38.8
- Average household size
- 2.6
- Median household income
- $86,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Brantford · last 12 months
- Median sold price
- $592,076
- Homes sold
- 902
- Median days on market
- 24
- Sale-to-list price
- 98.2%
Based on 902 recorded sales of commercial properties in Brantford over the last 12 months.
Listed by
GET SOLD REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 15,848 sq ft
- Price per sq ft
- $182.99
- Annual property tax
- $21,345
- Tax per sq ft
- $1.35
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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