224 Colborne Street W, Brantford, Ontario

$899,900

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3

Beds

3

Baths

1,345

Square feet

About 224 Colborne Street W

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 6.7% 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:6289)

Features of 224 Colborne Street W

Listing # 40581698
Price $899,900
Bedrooms 3
Bathrooms 3.00
Square Footage 1,345
Acres 0.00
Year Built 1880
Type Multi-family
Sub-Type Freehold

Community Information

Address 224 Colborne Street W
Subdivision 2071 - Old West Brant
City Brantford
Province Ontario
Postal Code N3T1L8

Amenities

Amenities Playground, Public Transit
Features Paved driveway, Automatic Garage Door Opener
Parking Spaces 6
Parking Detached Garage
# of Garages 1
Is Waterfront No
Has Pool No

Interior

Heating Natural gas Radiant heat
Cooling None
Fireplace No
# of Stories 2
Has Basement Yes

Exterior

Exterior Brick
Foundation Stone

Listing Details

OfficeRe/Max Twin City Realty Inc.

Listing Map

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