**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. (id:4069)
Address
224 COLBORNE Street W
List Price
$849,900
Property Type
Multi-family
Type of Dwelling
Triplex
Area
Ontario
Sub-Area
Brantford
Bedrooms
3
Bathrooms
3
Floor Area
1,345 Sq. Ft.
Year Built
1880
MLS® Number
40671325
Listing Brokerage
Re/Max Twin City Realty Inc.
Basement Area
Partial (Finished)
Postal Code
N3T1L8
Zoning
IC
Site Influences
Playground, Public Transit
Features
Paved driveway, Automatic Garage Door Opener
