$1,999,900

For sale

1432 COLBORNE Street East, Brantford - Other for Sale

1432 COLBORNE Street East, Brantford, Ontario, N3T5L4

2,610 ft²Listed 57 days ago

Overview

This other in Brantford is for sale offering roughly 2,610 sq ft of space. It has been on the market 57 days, fresher than the Brantford average of 63 days.

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Description

Rare 3+ Acre Development & Investment Opportunity in Brant! Offering just over 3 acres of land with potential for future development, this property is an excellent opportunity for investors, developers and builders. The property is identified within the Community Node designation in the Official Plan, providing an opportunity to explore a range of potential future uses. The existing 2,610 sq ft bungalow with three separate units could provide income while you explore the property's future potential. The County's Community Node Zoning is intended for mixed-use development, retail/commercial uses, office/commercial mixed-use, community facilities, institutional buildings, hotels, and more. With substantial land, good frontage and convenient access to surrounding amenities and major transportation routes, this property offers a unique combination of possible rental income and longer-term development potential. Whether you're looking to add to your investment portfolio, hold the property for income or explore future redevelopment opportunities, this is a property worth taking a closer look at. **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)

Property Details

MLS®: 40861123
Property Type: Other
Zoning: RA, HC
Interior Size: 2,610 ft²
Lot Size: 3.14 acres
Frontage: 138 ft
Building Area: 2,610 ft²
Storeys: 1
Basement: Full
Ownership: Freehold
Property Tax: $2,727/yr
Listed: 57 days ago

Services

Water: Municipal water
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Brantford listings, avg age

63d

Price / ft²

$766

List price

$2.00M

Haho

This other in Brantford has been listed for 57 days, which is 6 days fresher than the city average of 63. Act while there is still low competition.

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Listed by Voortman Realty Inc. · Sarah Vanderveen

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3T)

This home lists at $1,999,900, about 23.3× the local median household income of $86,000.

Carrying it typically needs a household income of about $390,650 (20% down, 25-yr amortization, stress-tested) — roughly 354% above the area median.

Median household income: $86,000
Population: 37,406
Median age: 38.8
Owner / renter: 66% / 34%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N3T)

$1,999,900· $766/ft²

For sale

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