Overview

This other in Brantford is for sale. It has been on the market 43 days, fresher than the Brantford average of 64 days.

Description

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)

Property Details

MLS®: 40865632
Property Type: Other
Zoning: C2
Frontage: 198 ft
Building Area: 21,340 ft²
Year Built: 1961
Storeys: 2
Basement: Full
Ownership: Freehold
Property Tax: $40,932/yr
Listed: 43 days ago

Features

Exterior: Steel, Concrete, Wood, Brick

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

43d

Brantford listings, avg age

64d

List price

$3.70M

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.

Haho

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.

Set a price alert Book a showing

Area context

Neighbourhood profile (N3T)

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.

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)

$3,700,000

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →

97 WELLINGTON Street, Brantford - Other for Sale