ON > Brantford
Brantford, ON N3T 1L8,224 Colborne Street W
Brantford, ON N3T 1L8,224 Colborne Street W
Brantford, ON N3T 1L8,224 Colborne Street W
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The Real Estate Boutique Brokerage Inc

The Real Estate Boutique Brokerage Inc

+1(905) 332-2207
Listed by Brendon Aasla • Re/Max Twin City Realty Inc.
$849,900
Est. payment /mo
3 Beds
3 Baths
1,345 SqFt
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UPDATED:

11/01/2024 04:04 AM

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 1,345 sqft

Price per Sqft $631

MLS Listing ID 40671325

Bedrooms 3

Abv Grd Liv Area 1,345

Originating Board Brantford

Year Built 1880

Annual Tax Amount $3,302

Property Description

**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.

Location

Province ON

County Brantford

Area 2067 - West Brant

Zoning RC

Direction Colborne Street to 224 Colborne

Rooms

Basement Walk-Up Access, Partial, Finished

Kitchen 0

Interior

Interior Features Accessory Apartment, Auto Garage Door Remote(s), Separate Hydro Meters

Heating Natural Gas, Radiant

Cooling None

Fireplace No

Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Garage Detached Garage, Asphalt

Garage Spaces 2.0

Waterfront No

Roof Type Asphalt Shing

Lot Frontage 39.99

Lot Depth 155.0

Parking Type Detached Garage, Asphalt

Garage Yes

Building

Lot Description Rectangular, High Traffic Area, Playground Nearby, Public Transit, Quiet Area, School Bus Route

Faces Colborne Street to 224 Colborne

Story 2

Foundation Stone

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 320760025

Ownership Freehold/None

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+1(905) 332-2207

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