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$2,599,000
Available - For Sale
Listing ID: 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
Price $2,599,000
Taxes: $21,345
Tax Type: Annual
Occupancy by: Tenant
Address: 279 Colborne St East , Brantford, N3T 2H3, Ontario
Postal Code: N3T 2H3
Province/State: Ontario
Legal Description: PT LT 36 S/S COLBORNE ST PL CITY OF BRAN
Lot Size: 118.19 x 136.39 (Feet)
Directions/Cross Streets: Colborne St E / Clarence St
Zoning: C1 Commericial
Category: Apartment
Use: Apts-Over 20 Units
Building Percentage: Y
Total Area: 15,848
Total Area Code:  Sq Ft
Area Influences: Major Highway   Public Transit
Financial Statement: N
Heat Type: Other
Central Air Conditioning: Y
Water: Municipal
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
GET SOLD REALTY INC.

279 Colborne St East , Brantford, N3T 2H3, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Brantford
Municipality: Brantford
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Lot Size: 118.19 x 136.39(Feet)
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Tax: $21,345
Maintenance Fee: $0
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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