- What A 122-acre parcel is up for grabs near Brantford
- Why The valuation works out to $324,000/acre
- What next Royal LePage Real Estate Services has the assignment
A 122-acre land parcel in southwestern Ontario is on the block for $39.5m.
Royal LePage Real Estate Services has the assignment for 494 Paris Road in Brantford on behalf of a private owner. The valuation comes to $324,000/acre.
Currently an agricultural property, the parcel includes 120 usable acres. It will be serviced by 2030. The property has not been incorporated into the urban boundary of Brantford, but a buyer could appeal to the Ontario Land Tribunal to have it annexed.
According to the listing, there is potential for a larger-scale land assembly. The adjacent lot was annexed by Brantford in 2017. A nearby property with 60 useable acres recently sold for $34.6m, or $577,000/acre.
494 Paris Road is 8 km from Brantford, 32 km from Kitchener and 38 km from Hamilton. Highway 403 is 2 km from the property, and Brantford Municipal Airport is within 6 km.
