251 Mount Pleasant, Brantford, ON
Project Overview
Acquired in October 2020, this infill land site originally featured a modest duplex and a single bungalow. Leveraging its prime location and underutilized potential, the project team executed a successful value-add strategy by securing approvals to significantly increase development density.
- Original Site Condition:
- Existing improvements included one duplex and one bungalow, providing minimal yield on valuable urban land.
- Existing improvements included one duplex and one bungalow, providing minimal yield on valuable urban land.
- Value Creation:
- Through strategic rezoning and planning approvals, the property’s entitlement was enhanced to allow for a 32-unit townhouse development.
- This transformation unlocked the true potential of the site, substantially increasing both land value and development feasibility.
- Project Timeline:
- Acquisition: October 2020
- Rezoning & Density Approval: Completed within ownership period
- Disposition: Successfully sold in May 2022, realizing strong gains from the entitlement uplift.
Key Highlights
- Excellent example of a strategic infill acquisition and entitlement play, creating significant value in under two years.
- Demonstrates expertise in zoning, planning, and maximizing development potential.
- Site positioned for future high-demand residential use, with approvals for 32 modern townhouse units.
- Successful exit showcases ability to identify undervalued assets, enhance them, and execute timely disposals.