224 Colborne Street W Brantford, Ontario N3T 1L8
$849,900
**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:50886)
Property Details
| MLS® Number | 40671325 |
| Property Type | Multi-family |
| AmenitiesNearBy | Playground, Public Transit |
| CommunityFeatures | High Traffic Area, Quiet Area, School Bus |
| EquipmentType | Water Heater |
| Features | Paved Driveway, Automatic Garage Door Opener |
| ParkingSpaceTotal | 6 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 3 |
| BedroomsTotal | 3 |
| BasementDevelopment | Finished |
| BasementType | Partial (finished) |
| ConstructedDate | 1880 |
| CoolingType | None |
| ExteriorFinish | Brick |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 2 |
| SizeInterior | 1345 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| LandAmenities | Playground, Public Transit |
| Sewer | Municipal Sewage System |
| SizeDepth | 155 Ft |
| SizeFrontage | 40 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Rc |
https://www.realtor.ca/real-estate/27603896/224-colborne-street-w-brantford
Interested?
Contact us for more information
Brendon Aasla
Salesperson
515 Park Road North
Brantford, Ontario N3R 7K8
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November 01 2024 01:23:51
Brantford Regional Real Estate Assn Inc
RE/MAX Twin City Realty Inc.