224 COLBORNE Street W

Multi-family For Sale in Brantford, Ontario

$849,900
  • 3 Beds
  • 3 Baths
  • 1,345 Sq. Ft.
  • Built 1880
**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 RC
Site Influences Playground, Public Transit
Features Paved driveway, Automatic Garage Door Opener

Request More Info or a Showing

Marcia Grove Realty Team

Keller Williams Innovation Realty, Brokerage

640 Riverbend Drive Kitchener ON N2K 3S2

Mobile: 226.240.3252

Office: 519.570.4447

Email Directly