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585 COLBORNE Street Unit# 107
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Beds
3
Baths
4 full + 2 half
Sqft
2,097
Year
2023
Type
Single Family
On market
29d
Welcome to #107-585 Colborne Street, an exceptional mixed-use property that seamlessly combines professional versatility with upscale residential living. This property provides the perfect balance of business functionality and modern comfort in one highly desirable location. The main level features a premier commercial suite complete with its own private 2-piece bathroom, creating an ideal space for an income-generating commercial opportunity. Surrounded by a thriving mix of established businesses including a law office, optometrist, barber shop, beauty supply store, sandwich shop, and other successful local retailers, this location offers excellent exposure within a vibrant commercial community. Above, the upper levels transition into a beautifully designed residential retreat that offers 3bedrooms plus a den. The second level boasts a bright open-concept layout featuring a stylish modern kitchen overlooking the living room, creating an inviting atmosphere for both everyday living and entertaining. A door from the living room provides direct access to the front deck, perfect for enjoying morning coffee or unwinding outdoors. A separate dining area offers ample space for large family dinners and entertaining guests. The third level serves as a luxurious private sanctuary highlighted by the impressive primary retreat. This elegant space features a walk-in closet, private balcony, and a spa-inspired 5-piece ensuite complete with a separate soaker tub and glass shower. Two additional bedrooms, a well-appointed 4-piece bathroom, and the convenience of upper-level laundry complete this thoughtfully designed floor. Ideally located in a thriving community this property is close to Hwy 403, schools, shopping centres, restaurants, parks, and everyday amenities. Combining commercial potential with sophisticated residential living, this truly unique property delivers an outstanding lifestyle and investment opportunity in one remarkable package. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 14'6'' x 16'11'' | |
| 2pc Bathroom | 8'8'' x 6'7'' | |
| Foyer | 19'11'' x 6'9'' |
Third level
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 5'11'' x 3'3'' | |
| 4pc Bathroom | 4'10'' x 8'11'' | |
| Bedroom | 7'10'' x 8'6'' | |
| Bedroom | 11'10'' x 8'11'' | |
| Full bathroom | 8'7'' x 8'11'' | |
| Primary Bedroom | 14'11'' x 16'11'' |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Other | 9'4'' x 7'7'' | |
| 2pc Bathroom | 4'11'' x 4'4'' | |
| Dining room | 16'2'' x 12'2'' | |
| Kitchen | 13'4'' x 13'4'' | |
| Living room | 11'3'' x 16'11'' |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.83%
Cap rate
3.50%
GRM
16.7
Break-even rent
$3,905
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Brantford. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.