Added 1 month ago
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Type: Fourplex
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Style: 2-Storey
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Size: 2500 sqft
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Lot Size: 39 x 67.74 Feet
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Age: 100+ years
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Taxes: $4,236 per year
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Days on Site: 1 Days
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Added: Oct 03, 2024 (1 month ago)
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Updated:
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Last Checked: 8 hours ago
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MLS®#: X9382489
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Listed By: Re/max escarpment realty inc.
Investment Opportunity: Fully Rented Turnkey Income Property! Featuring four units, two of which have been recently updated. The property boasts a respectful tenant profile and currently generates an impressive gross income of $59,004 annually from residential units alone. Additionally, there is potential income from a coin-operated washer and dryer, estimated at approximately $1,800 per year. This property also offers the opportunity to rent out a detached two-car garage with a loft area, which was previously leased for $200 per month, providing further income potential. Key Updates: Roof replacement in 2020, Garage roof/eaves updated in 2022, 2 new furnaces in 2022, On-demand hot water tank in 2023, Unit 1: Main bath shower/bathtub surround updated in 2023; macerating toilet installed in lower bathroom in 2022, Unit 2: Kitchen flooring updated in 2022, Common area flooring and paint refreshed in 2022, Main home eavestroughs replaced in 2022. The property offers convenient parking for three vehicles in the driveway, along with space for two additional vehicles in the garage. This well-maintained income property presents a solid investment opportunity with reliable cash flow and room for growth. Don't miss the chance to add this asset to your portfolio.
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Property
Status: Sale
Property Type: Fourplex
Style: 2-Storey
Size (sq ft): 2500
Age: 100+
Area: Brantford
Availability Date: Flexible
Inside
Bedrooms: 5
Bedrooms Plus: 1
Bathrooms: 5
Kitchens: 4
Rooms: 17
Den/Family Room: No
Air Conditioning: None
Fireplace: No
Washrooms: 5
Building
Basement: Part Fin
Heat Type: Forced Air
Heat Source: Gas
Exterior: Alum Siding
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Private
Garage Spaces: 2
Garage Type: Detached
Covered Parking Spaces: 3
Total Parking Spaces: 5
Fees
Tax Year: 2024
Tax Legal Description: PT LT 9, W/S WATERLOO ST, PL CITY OF BRANTFORD, SEPTEMBER 7, 189
Taxes: $4,236
Land
Cross Street: WEST ST TO DUKE ST
Municipality District: Brantford
Fronting On: South
Parcel Number: 321590106
Pool: None
Sewer: Sewers
Lot Depth: 67.74 Feet
Lot Frontage: 39 Feet
Very Walkable
- Most errands can be accomplished on foot.
Bikeable
- Some errands can be accomplished on bike.
Christ the King School
Elementary: CatholicGraham Bell-Victoria Public School
Elementary: PublicCentral Public School
Elementary: PublicGrandview Public School
Elementary: PublicKing George School
Elementary: PublicDufferin Public School
Elementary: PublicSt. Mary Catholic Learning Centre
Secondary: CatholicGrand Erie Learning Alternatives
Secondary: PublicPauline Johnson Collegiate and Vocational School
Secondary: PublicSt John's College
Secondary: CatholicNorth Park Collegiate and Vocational School
Secondary: PublicBrantford Collegiate Institute and Vocational School
Secondary: Public-
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