**NEW BRANTFORD CITY INTENSIFICATION CORRIDOR ZONING - COMMERCIAL USES ALLOWED** 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:56069)
| 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 |
| 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 | 1,345 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
| Detached Garage |
| 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 | Ic |
https://www.realtor.ca/real-estate/27603896/224-colborne-street-w-brantford
Contact us for more information
Brendon Aasla
Salesperson
(519) 759-5494
(519) 756-9012
www.remaxtwincity.com
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