224 Colborne Street No longer available

Brantford, Old West Brant, N3T 1L8

$859,000

Description

Listed by Re/Max Twin City Realty Inc..

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.

Other,Appliances - 3 Fridges, 3 Stoves, 3 Diswashers, 3 Washer And 3 Dryers.

Location

View Map
  • Address: 224 Colborne Street
  • Neighborhood: Old West Brant
  • City: Brantford
  • State: ON
  • Postal Code: N3T 1L8

Property Details

  • Property ID: 40581698
  • Property Price: $859,000
  • Style: Multi-3 Unit, Residential Income
  • Sq/Ft: 1345
  • Bath: 3
  • Garages Spaces: 2
  • Parking Spaces: 6
  • Year Built: 1880
  • Basement: Walk-Up Access, Partial, Finished
  • Heating: Natural Gas, Radiant
  • Taxes: $3,302.00 (2024)
  • # of stories: 2

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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100

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