$899,900 $4,831 est/mo Sourced by Back At You

224 Colborne Street W,Brantford, ON N3T 1L8

Brantford ON, N3T 1L8

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Description

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.

Details

MLS#40581698
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1880
Days On Site24
Listing Provided ByRe/Max Twin City Realty Inc. | Brendon Aasla

Features

Bed(s)3
Bath(s)3
SQ Feet1,345
Garage2
BasementY
Story(s)2
Units4
Building(s)1
ZoningRC
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 3 minutes ago
ProvinceON
CountyBrantford
CityBrantford
Postal CodeN3T 1L8
Area2067 West Brant
Subarea2071 Old West Brant
Community Name2071 Old West Brant
Listing VS Median (in 2071 Old West Brant)
Price:
$899,900
low | high
Med:
$539,900
90.004444938326% of Average
SqFt:
1,345
low | high
Med:
1,250
57.100371747212% of Average
$ / SqFt:
$669
low | high
Med:
$439
84.335808559201% of Average
On Site:
24
low | high
Med:
16.500000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 5:45:47 PM PDT