224 Colborne Street W Active Save Request In-Person Tour Request Virtual Tour
Brantford,ON N3T 1L8
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
**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.
Location
Province ON
County Brantford
Area 2067 - West Brant
Zoning IC
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
Parking Features Detached Garage,Asphalt
Garage Spaces 2.0
Roof Type Asphalt Shing
Lot Frontage 39.99
Lot Depth 155.0
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