$1,699,999
Brantford
70 COLBORNE Street, Brantford, Ontario, N3T2G5
This other in Brantford is for sale offering roughly 10,946 sq ft of space. It has been on the market 43 days, fresher than the Brantford average of 64 days.
Prime Downtown Brantford Investment Opportunity! Perfectly positioned in the vibrant heart of downtown Brantford, this fully occupied mixed- use property offers an exceptional blend of convenience, high demand, and significant investment potential. Located directly across from Canada’s largest YMCA, the bustling casino, and Wilfrid Laurier University’s Brantford campus, this property is at the epicenter of a dynamic, rapidly evolving student and professional community. The property includes five fully leased residential units, catering to a growing and steady student population of over 2,700 undergraduates and graduates, ensuring reliable rental income. The four ground-floor commercial units offer prime retail spaces in a high-traffic, sought-after downtown location with excellent visibility and consistent foot traffic from students, professionals, and local residents. The property features 10,946 sq. ft. of above-grade space and an additional 3,000 sq. ft. of below-grade space that provides diverse rental opportunities, ideal for storage, retail expansion, or other creative uses. Furthermore, the untapped attic space presents a unique opportunity for further development, whether expanding an existing residential unit for premium living or creating an entirely new unit with stunning views of the casino and Grand River. With the ongoing transformation of Laurier Brantford and the surrounding downtown area, this property is perfectly positioned to continue benefiting from year-round demand from students, professionals, and businesses. The added potential for development of the attic and below-grade spaces presents an exciting opportunity for investors looking to maximize returns and capitalize on the area’s continued growth. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 43 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 other in Brantford has been listed for 43 days, which is 21 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 $1,699,999, about 19.8× the local median household income of $86,000.
Carrying it typically needs a household income of about $332,069 (20% down, 25-yr amortization, stress-tested) — roughly 286% above the area median.
Source: Statistics Canada, 2021 Census (FSA N3T)
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