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Listed 4 months ago

816 Colborne Street E

, Brantford

$1,199,900

Detached|1 1/2 Storey
3 | 2 | 38
About this home

ATTENTION DEVELOPERS! Welcome to 816 Colborne Street, Brantford! Nestled in the desirable and family-friendly Echo Place neighbourhood, this property offers the perfect blend of convenience and potential. Situated on an impressive lot measuring approximately 43.86ft x 90.63ft x451.59ft x 94.71ft x 407.48ft, this residential gem is part of Brantford's Intensification Corridor, providing excellent opportunities for future growth. Under the new zoning by-laws with the City of Brantford, the lot will accommodate a total buildable footprint of 10,167 square feet, with a height of 38 meters. Amenities abound with shopping centres, big-box stores, and a variety of restaurants just moments away along Wayne Gretzky Parkway and Colborne Street. In proximity to schools and parks, as well as easy access to Highway 403! Serviced by the Grand ErieDistrict School Board and the Brant Haldimand Norfolk Catholic District School Board, this property perfectly suits future families seeking a community atmosphere.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$4,457
Lot Size94.71 ft x 0 ft
mls© NumberX13156304
Listed ByREVEL REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,142
Property tax
$371
Heat allowance
$150
Housing costs
$6,663 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $239,980
25-yr amortization

Income needed

$205,000

gross annual household income

Payment at 4%
$5,049 / mo
Cash down
$239,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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