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224 Colborne Street W Brantford, Ontario N3T 1L8

3 Bedroom 3 Bathroom 1345 sqft
None Radiant Heat

$899,900

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:40058)

Property Details

MLS® Number 40581698
Property Type Multi-family
Amenities Near By Playground, Public Transit
Community Features High Traffic Area, Quiet Area, School Bus
Equipment Type Water Heater
Features Paved Driveway, Automatic Garage Door Opener
Parking Space Total 6
Rental Equipment Type Water Heater

Building

Bathroom Total 3
Bedrooms Total 3
Basement Development Finished
Basement Type Partial (finished)
Constructed Date 1880
Cooling Type None
Exterior Finish Brick
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Radiant Heat
Stories Total 2
Size Interior 1345 Sqft
Type Triplex
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Land Amenities Playground, Public Transit
Sewer Municipal Sewage System
Size Depth 155 Ft
Size Frontage 40 Ft
Size Total Text Under 1/2 Acre
Zoning Description Rc

https://www.realtor.ca/real-estate/26835505/224-colborne-street-w-brantford

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