Description

Prime redevelopment opportunity at 342-346 West Street in Brantford, strategically located within the City's Intensification Corridor. Benefiting from high-density zoning, the property offers significant potential for future multi-residential development. Preliminary concepts have explored a 10-storey residential building comprising approximately 90 units, with additional planning studies examining opportunities for increased density, subject to municipal approvals. Existing rental income from 346 West Street provides valuable holding income while redevelopment plans advance. An excellent opportunity for developers, builders, and investors seeking a high-density residential development site in Brantford's growing urban market. (id:66096)

Market Timing

Days on market

16d

Brantford listings, avg age

63d

List price

$2M

Haho

This vacant land in Brantford has been listed for 16 days, which is 47 days fresher than the city average of 63. Act while there is still low competition.

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Area context

Neighbourhood profile (N3R)

This home lists at $2,000,000, about 24.1× the local median household income of $83,000.

Carrying it typically needs a household income of about $390,670 (20% down, 25-yr amortization, stress-tested) — roughly 371% above the area median.

Median household income: $83,000
Population: 35,858
Median age: 45.6
Owner / renter: 71% / 30%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N3R)

$2,000,000

For sale

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Financing

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342-346 West Street, Brantford - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N3R)

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