For Sale

279 Colborne Street, Brantford, Ontario N3T 2H3

$0

279 Colborne Street, Brantford, Ontario N3T 2H3 is For Sale and has a listing price of 2,599,000. The property is located in the Brantford . It's been on the website for 54 Days.

  • Investment
    Property Type
  • MLS ID: X9283029
  • Office Name GET SOLD REALTY INC.
Property Description

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 Details
  • MLS ID: X9283029
  • Price: $2,599,000
  • Lot Depth: 136.39
  • Transaction Types: For Sale
  • Ref ID: X9283029
  • Year Built: N/A
  • Dir / Cross St: Colborne St E / Clarence St
  • Status: Active
  • Tax Year: 2023
  • Property Type: Investment
  • Property Type: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
08/29/2024 X9283029 $2,599,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Brantford
  • $951,276 Average List Price
    based on 1 year
  • 176 New Listings
    based on 30 days
  • 38 Median Days on Market
    based on 1 year
  • List vs. Selling Price 173.93 % Up
  • Sold (12mo) 572
  • Rented (12mo) 191

  • 1 Month Change +3.6%
  • 3 Month Change -21.5%
  • 6 Month Change -21.2%
Walkscore
Property Type Distribution
  • All Houses
    74.08%
  • Commercial
    10.33%
  • Condo
    15.3%
  • Land for Sale
    0.28%
  • Parking
    0.01%
Additional Details
  • Heat Type Other
  • Garage Type Y
  • Taxes: $21,345
  • Last Status Y
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Immediate
  • Listing Entry Date: 29/08/2024 13:48:18
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