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$3,700,000
Brantford
97 Wellington Street, Brantford, Ontario, N3T2M1
This multi-family property in Brantford is for sale. It has been on the market 41 days, fresher than the Brantford average of 63 days.
Shovel Ready investment opportunity in the heart of downtown Brantford. This prime corner-lot property eliminates years of municipal delays, coming complete with active building permits, fully paid Development Charges, and all soft costs covered. Bypass expensive and lengthy construction delays in excavation, foundation work, and exterior framing. This site is ready for interior construction on day one, free of heritage or municipal red tape.The site features a structure completely gutted to shell condition, offering potential for 29,000 sq ft of total developed space under current permits. The layout offers incredible architectural volume, including double-height sanctuary and gymnasium spaces, providing massive vertical expansion potential to add interior floor plates within the structure. Approved plans allow for 84 rooms across 28 units over 3 storeys plus a basement level, with versatile C2 zoning allowing up to 8 storeys.Unbeatable location directly across from historic Victoria Park, steps from the public library, and directly adjacent to Wilfrid Laurier University and Conestoga College. Situated in a high-demand student hub with immense rental demand, complete with both on-site and street parking available. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 41 days on market, against an average age of 63 days across the listings currently for sale in this city
This multi-family in Brantford has been listed for 41 days, which is 22 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 $3,700,000, about 43.0× the local median household income of $86,000.
Carrying it typically needs a household income of about $722,740 (20% down, 25-yr amortization, stress-tested) — roughly 740% 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