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Home ON Greater Brantford Brantford Downtown
279 COLBORNE STREET E
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279 COLBORNE STREET E $2,599,000
$2,599,000
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279 COLBORNE STREET E
Brantford, Ontario N3T2H3

MLS® Number: X9283029

Listing 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 (36626349)

Location Description

Colborne St E / Clarence St

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Land Size
118.19 x 136.39 FT
Annual Property Taxes
$21,345
Time on REALTOR.ca
112 days

Building

Building Features
Features
Irregular lot size
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Other
Utilities
Water
Municipal water
Business
Business Type
Residential (Apartments)
Neighbourhood Features
Amenities Nearby
Highway, Public Transit

Measurements

Square Footage
15848 sqft

Land

Lot Features
Frontage
118 ft ,2 in
Land Depth
136 ft ,4 in
Other Property Information
Zoning Description
C1 Commericial
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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