224 Colborne Street W , Brantford, ON N3T 1L8
Brantford, ON N3T 1L8
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.
Details
| MLS# | 40671325 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1880 |
| Days On Site | 81 |
| Listing Provided By | Re/Max Twin City Realty Inc. | Brendon Aasla |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 1,345 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | IC |
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Learn More About This Property
| State | ON |
|---|---|
| County | Brantford |
| City | Brantford |
| Zip Code | N3T 1L8 |
| Area | 2067 West Brant |
| Subarea | 2071 Old West Brant |
| Community Name | 2071 Old West Brant |
| Listing VS Median (in 2071 Old West Brant) | |
Price: $849,900 low | high Med: $490,000 SqFt: 1,345 low | high Med: 1,157 $ / SqFt: $632 low | high Med: $424 On Site: 81 low | high Med: 109.000000 | |
