279 Colborne Street East, Brantford | Image 1

279 Colborne Street East

Brantford

  • Commercial

$2,999,000
For Sale

Added 2 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-Over 20 Units

  • Zoning: C1 Commericial

  • Age: No Data

  • Taxes: 21345

  • MLS®#: X9283029

  • Added: Aug 29, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: GET SOLD REALTY INC.

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

  • Status: Sale

  • Type: Apts-Over 20 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Brantford

  • Availability Date: Immediate

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

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 36 S/S COLBORNE ST PL CITY OF BRANTFORD, SEPTEMBER 7, 1892

  • Taxes: $21,345

  • Taxes Type: Annual

Land

  • Cross Street: Colborne St E / Clar

  • Municipality District: Brantford

  • Parcel Number: 321430182

  • Lot Depth: 136.39 Feet

  • Lot Frontage: 118.19 Feet

  • Zoning: C1 Commericial

Additional Media

  • Virtual Tour: https://vimeo.com/1003236460/0051372011?share=copy

Commercial Specific

  • Total Area: 15848

  • Total Area Metric: Sq Ft

  • Area Influence: Major Highway

  • Area Influence: Public Transit

  • Lot Code: Lot

  • Survey: Y

  • Financial Statement: N

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