| Message Number | 414619 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| status | Active | ||||||||
| Subject Line | Brantford Investment - 6% Cap with room to grow. $2,350,000, 4 Commercial Units + 5 Residential units with over 9,800 finished SF. | ||||||||
| Business area |
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| Have/Want | Have | ||||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments | ||||||||
| Date of Listing | April 18 2023 | ||||||||
| Price | $2,350,000.00 | ||||||||
| Price Comment | Asking | ||||||||
| Building area | 9800 | ||||||||
| Cap Rate | 6% | ||||||||
| Comments | The location of 70 Colborne Street in Brantford is unbeatable. Situated directly across from the largest YMCA in Canada, the casino, and the prominent contributor to the downtown area, Laurier Brantford Campus. This property is in the heart of a bustling student community with around 2,700 undergraduate and graduate students. The transformation of the downtown core into a thriving student community has been made possible by the Laurier Brantford campus.
The property is fully occupied, featuring 5 residential rental units and 3 commercial units on the ground floor, with a total above-grade gross square footage of (9,382 SF of which is finished). The below-grade space has a rental potential of 4,000 square feet, offering additional rental options. The attic is currently empty but has the potential to be developed into another unit or merged with the 5th unit, providing a unique opportunity to enjoy some of the best views in the city, overlooking the casino and Grand River. Please contact the listing agent to receive further details on how this property is cash flowing. |
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| Internet Links | |||||||||
| Member Identifier | 10649 | ||||||||
| Control | MLS | ||||||||
| Name | Eric Frey, BCOM | ||||||||
| Title | Commercial Sales - Industrial, Investment & Land | ||||||||
| Company Name | Coldwell Banker Commercial | ||||||||
| Address Line One | 508 Riverbend Drive | ||||||||
| City | Kitchener | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | N2K 3S2 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (519)729-3739 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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