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For saleMLS® 40861005

1432 Colborne Street E

Brantford, N3T 5L4

$1,999,900

Bedrooms
4
Bathrooms
3
Interior
2,610 ft²
Lot
3.14 acres
Type
Detached

About this home

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**

Property details

Property type
Detached
Ownership
Freehold
Style
Bungalow
Age
51-99 Years
Property taxes
$4,747
Heating
Hot Water-Propane
Cooling
Window Unit(s)
Basement
Full, Unfinished
Parking
14 spaces
Water
Municipal
Sewer
Septic Tank
Lot
3.14 acres
Zoning
RA, HC
Time on market
58 days on market
MLS® number
40861005

Features

Inside

  • In-Law Floorplan

Outside

  • Brick
  • Asphalt Shing roof

The lot

  • Rural
  • Irregular Lot
  • High Traffic Area
  • Shopping Nearby

Included with the home: Stove,Other

Rooms

Measurements are deemed reliable but not guaranteed.

Bedroom PrimaryMain14' × 14' 6"
BathroomMain8' 9" × 7' 4"4-Piece
BedroomMain12' 8" × 11' 3"
BedroomMain13' 7" × 14' 10"
BathroomMain6' 2" × 8' 2"3-Piece
KitchenMain20' 11" × 14' 6"
Sitting RoomMain12' 1" × 12' 2"
KitchenMain7' 5" × 9'
Living RoomMain15' 2" × 14' 10"
Dining RoomMain7' 5" × 5' 6"
BedroomMain21' 2" × 10' 1"
BathroomMain7' 7" × 5' 6"3-Piece
KitchenMain10' 5" × 9' 4"
Family RoomMain21' 2" × 17' 8"
Utility RoomBasement26' 7" × 33' 8"
BasementBasement33' 1" × 27' 3"

Location

Estimate your payment

20% down. The minimum on this price is $399,980.

Your monthly payment

$8,855

Mortgage amount
$1,599,920
Interest over the amortization
$1,056,617

An estimate at a fixed rate compounded twice a year. Insurance applies under 20% down. Your lender sets the real numbers, and the team can introduce you to a mortgage professional.

Ontario land transfer tax

How the tax adds up

Ontario land transfer tax by bracket
$0 to $55,0000.5%$275.00
$55,000 to $250,0001.0%$1,950.00
$250,000 to $400,0001.5%$2,250.00
$400,000 to $1,999,9002.0%$31,998.00

Ontario land transfer tax

$36,473

Tax before any refund
$36,473.00
You pay on closing
$36,473.00

For a home with one or two single-family residences anywhere in Ontario outside Toronto. Your real estate lawyer confirms the amount and pays it on closing.

Listed by Sarah Vanderveen, Voortman Realty Inc..

Listing courtesy of the Cornerstone Association of REALTORS®. MLS® 40861005.

Listing content protected by copyright and licensed by Information Technology Systems Ontario. Information is deemed reliable but is not guaranteed accurate by ITSO. Measurements are deemed reliable but not guaranteed.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The Brolly Group is a team of REALTORS® with RE/MAX Twin City Realty Inc., Brokerage. Each office independently owned and operated.

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