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251 Colborne St 19 Unit Apartment Building For Sale Brantford, ON N3T 2H3
Investment Highlights
- Diverse units mix with 13 x bachelor units, 14 x 1-bedroom variations, 1 x 2-bedroom & 1 Penthouse.
- Value add through unit renovations & improved utilization of several large rooms in the finished lower level as well as 2 offices.
- Infrastructure in place to individually meter utilities.
- Affordability Upside: 10 units subject to affordability restrictions expire in 2027.
- Within 5 minute walk of Wilfred Laurier - Brantford Campus – with enrollment of ~3,000 students
- The building remained vacant for several years prior to undergoing a full adaptive reuse conversion to residential occupancy in 2019.
Executive Summary
Colliers is pleased to present an exclusive opportunity to acquire 251–253 Colborne Street, a 29-unit boutique multifamily asset located in the downtown core of Brantford, Ontario. The Property benefits from in-place income with near-term value-add upside, a highly walkable urban location, and direct exposure to student-driven rental demand given its proximity to Wilfrid Laurier University, Brantford Campus.
Property Facts
| Sale Type | Investment | Lot Size | 0.25 AC |
| No. Units | 19 | Building Size | 20,577 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1920/2019 |
| Building Class | C | Parking Ratio | 0.44/1,000 SF |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 20,577 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2019 |
| Parking Ratio | 0.44/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Laundry Facilities
- Security System
- Recycling
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
| 1+1 | 9 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (83)
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251 Colborne St
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