ON > Brantford
Brantford, ON N3S 3N2,365 Colborne Street
Brantford, ON N3S 3N2,365 Colborne Street
Brantford, ON N3S 3N2,365 Colborne Street
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Raafat Metwaly

Raafat Metwaly

+1(647) 461-3580
Listed by Dave Sohal • Bridgecan Realty Corp.
$10,999,999
Est. payment /mo
43,000 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed,Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 43,000 sqft

Price per Sqft $255

MLS Listing ID 40757479

Abv Grd Liv Area 43,000

Annual Tax Amount $77,699

Property Sub-Type Mixed,Commercial

Source Hamilton - Burlington

Property Description

Excellent opportunity to acquire an institutional quality commercial property with AAA tenancy and significant future income growth potential. 365 Colbourne St E offers approximately 43,000 SF of commercial and residential space located in the heart of Downtown Brantford. The 17,700 SF ground floor commercial space is fully-leased, NNN, to the Grand River Community Health Centre, with a 4.75 year WALT on a recently executed lease. The second and third floors consist of 34 well-maintained residential units, of which 29 are government subsidized units while the remaining 5 are market rate units. The residential component offers significant upside - as subsidized units vacate, they automatically become market rate. Current subsidized rents are approximately 35% below market. The Property also offers on-site rear parking, street parking, and connections to local transit. The Property's location provides for easy access to all local amenities, including restaurants, parks, casino, and the Brantford District Civic Centre.

Location

Province ON

County Brantford

Area 2040 - Terrace Hill/E & N Wards

Zoning RC, R4A, C8-86, C8

Direction corner of Colborne Street East and King Street

Rooms

Basement Crawl Space

Kitchen 0

Interior

Fireplace No

Exterior

Parking Features Public, Guest

Lot Frontage 166.0

Lot Depth 132.0

Garage No

Building

Lot Description High Traffic Area, Hospital, Public Transit, Other

Faces corner of Colborne Street East and King Street

Story 3

Sewer Sewer (Municipal)

Water Municipal

New Construction No

Others

Senior Community No

Tax ID 321050003

Ownership Freehold/None

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Raafat Metwaly

+1(647) 461-3580

Broker | License ID: 4771063

Broker License ID: 4771063

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