70-72 Colborne Street, Brantford | Image 1

70-72 Colborne Street

Brantford

  • Commercial

$X,XXX,XXX
For Sale

Added 2 weeks ago

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  • Type: Store W/Apt/Office

  • Property Type: Commercial

  • Zoning: C1

  • Age: No Data

  • Taxes: 13000

  • MLS®#: X8269358

  • Days on Site: 3 Days

  • Added: Apr 22, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: PAY IT FORWARD REALTY

The location of 70 Colborne Street in Brantford is unbeatable. Situated directly across from the largest YMCA in Canada, the casino, and the prominent contributor to the downtown area, Laurier Brantford Campus. This property is in the heart of a bustling student community with around 2,700undergraduate and graduate students. The transformation of the downtown core into a thriving student community has been made possible by the Laurier Brantford campus. The property is fully occupied, featuring5 residential rental units and 4 commercial units on the ground floor, with a total above-grade gross square footage of 10,298 (9,382 SF of which is finished). The below-grade space has a rental potential of approximately 5,000 square feet, offering additional rental options. The attic is currently empty but has the potential to be developed into another unit or merged with the 5th unit, providing a unique opportunity to enjoy some of the best views in the city with extra cashflow. Square footage is of Gross Area combining both residential units and 3 commercial units. 4,000 SF unfinished basement, 1,300 SF of unfinished attic space not in SF calculation but lots of potential to add additional income.

Extras

**INTERBOARD LISTING: BRANTFORD REGIONAL REAL ESTATE BOARD**

Property

  • Status: Sale

  • Property Type: Store W/Apt/Office

  • Property Type: Store With Apt/Office

  • Area: Brantford

  • Availability Date: FLEXIBLE

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Other

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 8 N/S COLBORNE ST PL CITY OF BRANTFORD, SEPTEMBER 7, 1892

  • Taxes: $13,000

  • Taxes Type: Annual

Land

  • Cross Street: Corner Of King St. &

  • Municipality District: Brantford

  • Parcel Number: 321430032

  • Sewer: None

  • Lot Depth: 127.57 Feet

  • Lot Frontage: 38 Feet

  • Zoning: C1

Commercial Specific

  • Number of Employees: 1

  • Rail: N

  • Retail Area: 5298

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 10298

  • Total Area Metric: Sq Ft

  • Office Size: 5000

  • Office Size Metric: Sq Ft

  • Days Open: V

  • Franchise: N

  • Tangible Property Included: N

  • Lot Code: Lot

  • Financial Statement: Y

  • LLBO: N

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