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Murat Sahiner, Broker | Home6 Team at RE/MAX Realtron Realty Inc., Brokerage | 88 Konrad Crescent, Markham, ON L3R 8T7

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279 Colborne Street E Brantford
For SaleBrantford

279 Colborne Street E Brantford, Investment for Sale

MLS® X9283029

Brantford, ON

800 days on market
$2,900,000
Show on Map
Show on Map
N/ABeds
N/ABaths
15,848Sqft
N/AParking
Investment

Overview· 279 Colborne Street E Brantford

MLS® #X9283029

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

Inclusions

See Schedule B

Exclusions

See Schedule B

Broker

GET SOLD REALTY INC.

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Highlights & Amenities· 279 Colborne Street E Brantford

Source: MLS® listing data
279 Colborne Street E Brantford

Investment

279 Colborne Street E Brantford

Brantford

Type

Investment

Parking

None

Property Tax

~$21,345/yr

Heating

Other

Buying Essentials

Square Feet

15848 sqft

Parking

None

Finances

List Price

$2,900,000

Price per SQFT

$183/sqft

Property Tax

~$21,345/yr

Property Specs

Property Type

Investment

MLS Size

15848 sqft

Living & Amenities

Heating Type

Other

Policies & Utilities

Neighbourhood

Brantford

Listed On

Aug 29, 2024

Major Highway

Public Transit

Price & Listing History

Days on Market

Current: 800 days

0306090120+

Rooms

Room information is not available for this listing.

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Nearby Schools

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Schools closest to 279 Colborne Street E Brantford.

Source: No verified source available.Catchment boundaries and ratings are shown only when available.

No verified nearby school records were found for this property location.

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Mortgage Calculator

Mortgage Summary

Mortgage Payment$11,664/mo
Property Tax$1,779/mo
Total Monthly$13,443

Monthly Cash Flow (investors)

$
Net Cash FlowN/A

Closing Costs

Estimated closing costs$0
Cash required incl. down payment$0