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. (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bedrooms
3
Bathrooms
3
Lot
40 x 155 ft
Amenities Nearby
Playground, Public Transit
Community Features
High Traffic Area, Quiet Area, School Bus
Equipment
Water Heater
Features
Paved driveway, Automatic Garage Door Opener
Listing Contract Date
2024-05-02
Location Description
Colborne Street to 224 Colborne
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
RC
Building
Basement Development
Finished
Basement Type
Partial (Finished)
Constructed Date
1880
Cooling Type
None
Exterior Finish
Brick
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Radiant heat
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
under 1/2 acre
Amenities
Playground, Public Transit
Sewer
Municipal sewage system
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