Investment Opportunity!

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70-72 Colborne St, Brantford

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Turn Key - Fully Leased Investment Opportunity!

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Looking to add to your portfolio?

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This building features mixed commercial/residential zoning.

 

Two main level, street front commercial business operating and 5 upper residential units.

 

1 Bachelor, 1 Bdrm, 1 Shared unit, 3 Bdrm, 3 units - Shared.

 

Attic has plumbing rough in, basement has bathroom rough in (in one of two units).

Already generating a healthy income with room to grow with expansion within the attic, basement and rear commercial spaces.

 

Options to maximize income with current structure:

A) Re-design unit 4 to include upper 4th floor 4 bedrooms (attic area)

B) Change all tenancy to student housing and maximize on # of beds per room

C) Remodel units 2, 4, 5 and maximize rents with new tenancy.

D) Divide up units 2, and 5 into smaller apts and overall increase apt #'s

 

Potential to maximize even more income by adding on a 2 story extension in the rear of the building. Other local properties with in walking distance are being upgraded or redesigned to maximize height options for residential build outs

 

Ample street parking.

 

Close to Brantford's new YMCA, HWY Access & Laurier University.

 

Call for more details and/or to book a tour.

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Asking $2,600,000

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Want to know more about this listing?

 

Reach out! 

 

JILL PLANT

Real Estate Broker

Brolly Group Real Estate

REMAX Twin City Realty Inc.

Broker@jillplant.ca

519-209-8897