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$1,999,900
Brantford
1432 COLBORNE Street East, Brantford, Ontario, N3T5L4
This 4-bedroom, 3-bathroom home in Brantford is for sale offering roughly 2,610 sq ft of space. It has been on the market 58 days, fresher than the Brantford average of 64 days.
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, including 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)
Features and services as supplied by the listing brokerage.
Long Listed: 58 days on market, against an average age of 64 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 4-bed single family in Brantford has been listed for 58 days, which is 6 days fresher than the city average of 64. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
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.
Source: Statistics Canada, 2021 Census (FSA N3T)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.