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$ 849,900
Est. payment /mo
Active
224 COLBORNE Street W Brantford, ON N3T1L8
3 Beds
3 Baths
1,345 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,345 sqft
Price per Sqft $631
Subdivision 2071 - Old West Brant
MLS® Listing ID 40671325
Bedrooms 3
Originating Board Brantford Regional Real Estate Assn Inc
Year Built 1880
Property Description
**NEW BRANTFORD CITY INTENSIFICATION CORRIDOR ZONING - COMMERCIAL USES ALLOWED** 7.1% CAP RATE - Welcome to an exciting offering in the extremely popular city of Brantford. This TRIPLEX not only offers 3 units with updated interiors, all with separate hydro meters, and parking for each unit, but it also offers a FOURTH rentable space in the detached workshop. The property itself has been craftily designed, to enhance each units unique livability, giving this building the ability to attach an almost universal audience. There is a main floor unit with no stairs, an upper private unit with a cozy juliet balcony and the last unit offers main floor living with a surprisingly large basement to enjoy as well. ALL THE RENTS ARE MARKET RENTS, yes you read that correct, this building has been flipped in the recent years with modern leases all paying market rents. This building offers a 7.1% CAP RATE. In a time where the comparable properties are still stuck in the 5's. This is a rare chance to own a key turn investment property and start CASH FLOWING TODAY, EVEN WITH A MORTGAGE. (id:24570)
Location
Province ON
Interior
Heating Radiant heat,
Cooling None
Exterior
Parking Features Yes
Community Features High Traffic Area, Quiet Area, School Bus
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Re/Max Twin City Realty Inc.