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

224 Colborne St, Brantford, Ontario N3T 1L8

$849,900
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Townhouse
-
3
~1345 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$631/sqft

Est. Mortgage$3,650/mo

Tax Amount (2024)$3,302/yr

Days On Market23 days


Description

**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

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

Now
ListedFor Salefor$849,900Active
23 days on market
Listing by itso®
history photo preview37
Sep 4, 2024
ListedFor Salefor$859,000Terminated
Stayed 125 days on market
Listing by itso®
history photo preview37
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Property listed by Re/Max Twin City Realty Inc., Brokerage
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