224 COLBORNE Street W

Brantford, Ontario, N3T1L8, Canada

$849,900

**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.

EXTRAS: Paved driveway, Automatic Garage Door Opener

Last updated on : Thursday 31st of October 2024 09:23:51 PM

ADDRESS

Street : 224 COLBORNE Street W

City : Brantford

Province : Ontario

Country : Canada

Postal Code : N3T1L8

Open in Google Map

PROPERTY SUMMARY

Property ID : 40671325

Building Type : Triplex

Property Type : Multi-family

Bedrooms : 3

Bathrooms : 3

Parking : 6

Similar Properties

Multi-family

11 MANSION Street

Kitchener, Ontario, N2H2J5

$720,000

Beds: 3Baths: 3

property Type: Duplex

type: Sale

Bradley Wylde
1 month ago

DETAILS

Multi-family

492 LOCUST Street

Burlington, Ontario, L7S1V2

$2,150,000

Beds: 3Baths: 5

property Type: Fourplex, Detached

type: Sale

Joe McMahon
5 months ago

DETAILS

Multi-family

191 EAST 25TH Street

Hamilton, Ontario, L8V3A4

$749,500

Beds: 3Baths: 2

property Type: Duplex, Detached

type: Sale

Paul McDowell
3 months ago

DETAILS

Multi-family

86 BELAND Avenue N

Hamilton, Ontario, L8H6L1

$849,900

Beds: 3Baths: 3

property Type: Duplex, Detached

type: Sale

Roger (Ranjay) Singh
1 month ago

DETAILS

Multi-family

82 RAY Street S

Hamilton, Ontario, L8P3V7

$674,900

Beds: 3Baths: 2

property Type: Duplex, Detached

type: Sale

Beau Spencer
1 month ago

DETAILS

Inquire about this property