261-279 Colborne Street East, Brantford | Image 1

261-279 Colborne Street East

Brantford

  • Commercial

$X,XXX,XXX
For Sale

Added 2 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-Over 20 Units

  • Zoning: C1

  • Age: No Data

  • Taxes: 21345

  • MLS®#: X8257668

  • Days on Site: 4 Days

  • Added: Apr 18, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: KELLER WILLIAMS EDGE REALTY

Opportunity knocks. This is your chance to partner with the Municipality of Brantford to develop up to 167,000' of GFA across 12 stories of this proposed residential building with 180 units on a sought-after corner lot in a prime location, right in the bustling core of downtown Brantford. Situated in the development charge free zone of the city, this location is ideal for the savvy investor who will be pleased to capitalize on the incentives being offered to bring this much needed project to market. The current proposal aims to expand the footprint of 261-279 Colborne Street East across the adjacent and under-utilized Echo Street and enhance the urban streetscape through a public-private partnership on the additional parcel. With both Wilfred Laurier University and Conestoga College campuses just footsteps from the site, this enviable location presents an extraordinary opportunity for astute developers to leave an indelible mark on the urban landscape.

Property

  • Status: Sale

  • Type: Apts-Over 20 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Brantford

  • Availability Date: Flexible

  • Assessment Amount: $1,035,000

  • Assessment Year: 2024

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Other

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: See Supplements

  • Taxes: $21,345

  • Taxes Type: Annual

Land

  • Cross Street: Echo Street

  • Municipality District: Brantford

  • Parcel Number: 321430182

  • Sewer: Storm

  • Lot Depth: 136.39 Feet

  • Lot Frontage: 118.19 Feet

  • Zoning: C1

Commercial Specific

  • Total Area: 15848

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Lot Code: Lot

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