A pic from exterior of the house or condo, cottage for 224 Colborne St, Brantford Ontario N3T 1L8
83 days on Market

224 Colborne St, Brantford, Ontario N3T 1L8

Townhouse
-
3
~1345 sqft
$849,900
Get pre-approvedPowered by Rocket Mortgage
Townhouse
-
3
~1345 sqft

Contact us about this property

Call

Highlights

Estimated ValueNot available

Price/Sqft$631/sqft

Est. Mortgage$3,650/mo

Tax Amount (2024)$3,302/yr

Days On Market83 days


Description

**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.


Property Details

StyleResidential Income
View-
Age of property1880
SqFt~1345 SqFt
Lot Size6,198 SqFt(155 x 39.99)
Parking Spaces6
MLS ®Number40671325
Community NameWest Brant
Data SourceITSO
Listing byRe/Max Twin City Realty Inc.

Features

Heating: Natural Gas, Radiant
Basement: Walk-Up Access, Partial, Finished

Features

Lot size: 6,198 SqFt
Sewer (Municipal)

Parking

Garage spaces 2

Garage type -

Other parking spaces 4

Total parking spaces 6


Property History

Oct 31, 2024
ListedActive
$849,900
83 days on market
history photo preview37
Listing by itso®
Property listed by Re/Max Twin City Realty Inc., Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

Population and Demographics

Overview

Total population 5428
Average household income $97,943

Age (%)

0 to 19
23%
65 and plus
22%
20 to 34
19%
50 to 64
19%
35 to 49
18%

Household composition (%)

Single family
58%
Single person
37%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
90%
Others
6%
French
1%
Polish
1%

House tenancy (%)

Owners
54%
Renters
46%

Schools and amenities

Estimated Budget