$2,699,000
Brantford
1422 COLBORNE Street East, Brantford, Ontario, N3R0C3
This other in Brantford is for sale offering roughly 3,086 sq ft of space. It has been on the market 55 days, fresher than the Brantford average of 63 days.
3.65 Acres on Busy Colborne Street with Future Potential! This 3,086 sq. ft. home sits on a beautiful 3.65-acre property with excellent frontage and visibility along Colborne Street. The home was recently expanded and completely renovated and has a stunning kitchen, spacious open-concept layout and an above-ground in-law suite, making it a great setup for a family or extended family. Outside, the property is beautifully landscaped with an in-ground pool and plenty of room to enjoy the grounds. A separate driveway leads to the back of the property, where a large gravel area provides useful space for storage, equipment or potential business use. The property is designated Community Node in the Official Plan, offering the opportunity to explore future residential, commercial and mixed-use possibilities, subject to zoning and municipal approvals. While the home and existing improvements offer plenty to enjoy today, the size of the property, busy Colborne Street frontage, close access to the 403, possible commercial zoning, and rear access make the land an especially interesting opportunity for investors and developers looking at the property's longer-term potential. A rare combination of a beautiful existing home, substantial land and future possibilities in a highly visible location. *The Community Node designation provides an opportunity to explore a range of potential future uses, with zoning, permitted uses and development potential to be explored with the appropriate municipal authorities. Lot dimensions and boundaries are approximate. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 55 days on market, against an average age of 63 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.
This other in Brantford has been listed for 55 days, which is 8 days fresher than the city average of 63. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,699,000, about 32.5× the local median household income of $83,000.
Carrying it typically needs a household income of about $527,209 (20% down, 25-yr amortization, stress-tested) — roughly 535% above the area median.
Source: Statistics Canada, 2021 Census (FSA N3R)
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