London & Area Real Estate Listings
224 Colborne Street W
Brantford, ON, N3T 1L8
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.
Property Specification
| MLS Number | 40581698 |
| Property Type | Residential Income |
| Building Area | 1,345 Square Feet |
| Total Bedrooms | 3 |
| Basement | Walk-Up Access, Partial, Finished |
| Above Grade Sqf | 1,345 Square Feet |
| Cooling | None |
| Heating | Natural Gas, Radiant |
| Garage | Yes |
| Garage Spaces | 2 |
| Parking Spaces | 6 |
| Sewage | Sewer (Municipal) |
| Year Built | 1880 |
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Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
Listing courtesy of: Re/Max Twin City Realty Inc.