Tej Thakor Broker of Record / Owner 647-684-1731
For Sale
MLS®# X9283029

279 Colborne Street E, Brantford, ON N3T 2H3

Brantford, ON N3T 2H3

$2,900,000 Est. $12,317/mo · 20% down, 25-yr, 4.09%
118 × 136 ftLot
InvestmentType

About this property

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

Property Summary

Property TypeInvestment
Land Size118.19 x 136.39 ft
Annual Property Taxes$21,345.00
Tax Year2023
Parking TypeNone Garage

Building details

Bathrooms / washrooms0
Property typeInvestment

Lot & land

Lot dimensions118 × 136 ft
Lot frontage118 ft
Lot depth136 ft

Interior Features

InclusionsSee Schedule B
ExclusionsSee Schedule B

Building Features

StyleInvestment

Rental Equipment

Rental equipmentSee Schedule B

Heating & Cooling

CoolingYes
Heating TypeOther

Parking

Parking TypeNone Garage

Taxes & fees

Annual taxes$21,345 (2023)

Listing history

On market sinceAug 29, 2024
Original list price$2,999,000

Location

Brantford, ON N3T 2H3
Listed by GET SOLD REALTY INC., Brokerage · Listing data sourced from TRREB®, refreshed nightly.
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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.
Call Tej Now 647-684-1731
279 Colborne Street E, Brantford, ON N3T 2H3