$2,999,000 FOR SALE

Investment

Lot: 118.19 x 136.39 ftTotal Area: 15,848 ft2
2023 Taxes: $21,345

279 Colborne St E
Brantford, ON N3T 2H3

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

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Listed By GET SOLD REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9283029
Last Updated Aug 29, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - Over 20 Units
Category Apartment
PIN 321430182
Legal Description PT LT 36 S/S COLBORNE ST PL CITY OF BRANTFORD, SEPTEMBER 7, 1892 BRANTFORD CITY AS IN A267952; BRANTFORD CITY
Occupancy Tenant
Possession Date Immediate
Taxes (2023) $21,345
Tax Type Annual
Directions/Cross Streets Colborne St E / Clarence St
Area Brantford
Price History
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Detailed Information
Freestanding Y
Lot 118.19 x 136.39 ft
Total Area 15,848 ft2
Air Conditioning Y
Basement Y
Garage Type None
Heat Type Other
Financial Statement N
Area Influences Major Highway, Public Transit
Utilities Y
Water Municipal
Survey Y
Lot/Bldg/Unit Code Lot
Zoning C1 Commericial
Seller Property Info Statement N

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