1/1097 WELLINGTON STREET, Brantford
97 WELLINGTON STREET, Brantford, ON N3T2M1
$3.7M total
21,340 SF
Asset Class
Multifamily
Size
21,340 SF
Building class
B
Zoning
RA9 — High Rise
$ / SF
$173
Occupancy
93%
Lot Size
21340 ac
About this property
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:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$17K
Projected NOI
$119K
Annual cash flow
$-86K
Cash-on-cash
-7.76%
DSCR
0.58
Going-in cap
3.21%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Halcyon Wealth Partners | 6,668 SF | 2033-12 |
| Halcyon Wealth Partners | 4,402 SF | 2033-12 |
| Halcyon Wealth Partners | 2,913 SF | 2033-12 |
| Halcyon Wealth Partners | 5,819 SF | 2033-12 |
Area demographics
Trade area within 3 miles of the property.
Population
43,668
Households
16,701
Median income
$98,500
Median age
34.2
Daytime population
73,766
5-yr growth
2.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 97 WELLINGTON STREET, Brantford.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.