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224 Colborne Street W Brantford, Ontario N3T 1L8

3 Bedroom 3 Bathroom 1345 sqft
None Radiant Heat

$849,900

**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:53271)

Property Details

MLS® Number 40671325
Property Type Multi-family
AmenitiesNearBy Playground, Public Transit
CommunityFeatures High Traffic Area, Quiet Area, School Bus
EquipmentType Water Heater
Features Paved Driveway, Automatic Garage Door Opener
ParkingSpaceTotal 6
RentalEquipmentType Water Heater

Building

BathroomTotal 3
BedroomsTotal 3
BasementDevelopment Finished
BasementType Partial (finished)
ConstructedDate 1880
CoolingType None
ExteriorFinish Brick
FoundationType Stone
HeatingFuel Natural Gas
HeatingType Radiant Heat
StoriesTotal 2
SizeInterior 1345 Sqft
Type Triplex
UtilityWater Municipal Water

Parking

Detached Garage

Land

Acreage No
LandAmenities Playground, Public Transit
Sewer Municipal Sewage System
SizeDepth 155 Ft
SizeFrontage 40 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription Rc

https://www.realtor.ca/real-estate/27603896/224-colborne-street-w-brantford

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