224 COLBORNE Street W 2071 - Old West Brant, Brantford, Ontario, CA

Address: 224 COLBORNE Street W, Brantford, Ontario

3 Beds3 Baths1345 sqftStatus: Buy
Price $899,900

Property Overview


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 6.7% 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:51532)

 

Tags




Property Summary
Property Type
Multi-family
Building Type
Triplex
Storeys
2
Square Footage
1345 sqft
Subdivision Name
2071 - Old West Brant
Title
Freehold
Land Size
under 1/2 acre
Built in
1880
Parking Type
Detached Garage
Building
Bathrooms
Total
3
Interior Features
Basement Type
Partial (Finished)
Building Features
Features
Paved driveway, Automatic Garage Door Opener
Foundation Type
Stone
Square Footage
1345 sqft
Rental Equipment
Water Heater
Heating & Cooling
Cooling
None
Heating Type
Radiant heat
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
High Traffic Area, Quiet Area, School Bus
Amenities Nearby
Playground, Public Transit
Parking
Parking Type
Detached Garage
Total Parking Spaces
6
Land
Other Property Information
Zoning Description
RC
Features
           Paved driveway            Automatic Garage Door Opener            Detached Garage
           None
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Your Home Finance Calculation

Property Price CA $899,900
Bank Loan Amount CA $0
Monthly Installment CA $0

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