152 Terrace Hill Street, Brantford | Image 1

152 Terrace Hill Street

Brantford

  • Commercial

$1,150,000
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: RC,OS1

  • Age: 100+ years

  • Taxes: 4085

  • MLS®#: X11895372

  • Days on Site: 59 Days

  • Added: Dec 17, 2024 (2 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: EXP REALTY

RENOVATED FOURPLEX on DEEP LOT & DETACHED 2.5 CAR GARAGE. Market Rents with 6% Cap rate. Tenants pay Heat & Hydro, Landlord pays water only. NEW Interiors, Electrical, Plumbing, Heating, & Kitchens, Flooring, Appliances (including washers and dryers). Turnovers would simply be a clean and fresh paint. Approx $220k in upgrades. Welcome to 152 Terrace Hill Street, North Ward, Brantford. This property, meticulously renovated, offers a lucrative investment opportunity. With potential for a 5th unit addition and existing plans, it features 3-1 bedroom and 1-2 bedroom units, each self-contained with tenants handling expenses except water, ensuring robust cash flow. Recent upgrades include individual hot water tanks, heating systems, stainless steel appliances, washers/dryers, and basement waterproofing. A detached 2-1/2 car garage adds rental potential. Ideal for savvy investors seeking a turnkey property in a thriving rental market. Situated near hospitals, schools, university, shopping, parks, and bus routes, plus easy access to HWY 403, ideal for commuters. **EXTRAS** Situated near hospitals, schools, university, shopping, parks, and bus routes, plus easy access to HWY 403,ideal for commuters.

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 100+

  • Net Income: 64521

  • Area: Brantford

  • Availability Date: Flexible

  • Assessment Amount: $295,000

  • Assessment Year: 2024

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Other

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Single Detached

Fees

  • Tax Year: 2023

  • Tax Legal Description: PLAN BTFD PT LOT 2 W BROAD ST RP 2R-2775 PARTS 2 & 3

  • Taxes: $4,085

  • Expenses: Est

  • Insurance Fee: 2640

  • Operating Fees: 7479

  • Taxes Type: T.M.I.

  • Taxes: 3639

  • Tax Year: 2023

  • Water Fees: 1200

Land

  • Cross Street: West St/Terrace Hill

  • Municipality District: Brantford

  • Parcel Number: 321610137

  • Lot Depth: 188.08 Feet

  • Lot Frontage: 41.72 Feet

  • Zoning: RC,OS1

Commercial Specific

  • Sprinklers: N

  • Total Area: 2115

  • Total Area Metric: Sq Ft

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Unit

  • Financial Statement: Y

  • Gross Income/Sales: 72000

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Somewhat Walkable

  • Some errands can be accomplished on foot.
59 /100

Somewhat Bikeable

  • Most errands require a car.
42 /100
Map of 152 Terrace Hill Street, Brantford
JK-8

Christ the King School

Elementary: Catholic
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Graham Bell-Victoria Public School

Elementary: Public
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Central Public School

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Grandview Public School

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St. Pius X Catholic Elementary School

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Dufferin Public School

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St. Mary Catholic Learning Centre

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North Park Collegiate and Vocational School

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2.11 km
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Brantford Collegiate Institute and Vocational School

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0.87 km

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