224 Colborne Street W Brantford, Ontario N3T 1L8
MLS# 40671325 - Buy this house, and I'll buy Yours*

$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:51158)

Property Details

MLS® Number	40671325
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

About 224 Colborne Street W, Brantford, Ontario

This For sale Property is located at 224 Colborne Street W Multi-family Triplex, in the City of Brantford. Nearby amenities include - Playground, Public Transit Multi-family has a total of 3 bedroom(s), and a total of 3 bath(s) . 224 Colborne Street W has Radiant heat heating and None. This house features a Fireplace.

The Basement is Finished.

This Brantford Triplex's exterior is finished with Brick. Also included on the property is a Detached Garage

The Current price for the property located at 224 Colborne Street W, Brantford is $849,900 and was listed on MLS on :2024-11-01 01:23:51

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/27603896/224-colborne-street-w-brantford