44 Mary Street, Brantford | Image 1

44 Mary Street

Brantford

  • Commercial

$1,049,900
For Sale

Added 22 hours ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: RC

  • Age: No Data

  • Taxes: 4597

  • MLS®#: X11895252

  • Added: Dec 17, 2024 (22 hours ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: EXP REALTY

$81,000 in Rental Income. Market Rents with 7% Cap-Rate. RENOVATED FOURPLEX on DOUBLE LOT with TONS of UPDATES. Tenants pay Heat, Hydro & Water. UPDATED Interiors, Electrical, Plumbing, Heating, & Kitchens, Flooring, Appliances (including washers and dryers). Approx $300k in upgrades. Turnovers would simply be a clean and fresh paint. All units re-rented to highly vetted tenants with no legacy tenants. Introducing a prime investment opportunity located at the corner of Mary and Peel: a brick 4-plex boasting an extra-large lot for potential expansion. While it may not be suitable for severance, there's room for growth, possibly transforming it into a 7-plex . Don't miss out on this investment opportunity with potential for growth and increased profitability.

Extras

Located in a well-established neighborhood, residents benefit from proximity to local amenities such as shops, restaurants, and parks, fostering a convenient and comfortable lifestyle.

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 71710

  • Area: Brantford

  • Availability Date: Flexible

  • Assessment Amount: $332,000

  • Assessment Year: 2024

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Elec Forced Air

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: PLAN BTFD PT LOT 10 PT LOT 11 N MARY ST

  • Taxes: $4,597

  • Expenses: Est

  • Insurance Fee: 2640

  • Taxes Type: N/A

  • Taxes: 4850

  • Tax Year: 2023

Land

  • Cross Street: Corner of Mary And P

  • Municipality District: Brantford

  • Parcel Number: 321050190

  • Lot Depth: 64 Feet

  • Lot Frontage: 92 Feet

  • Zoning: RC

Commercial Specific

  • Total Area: 3207

  • Total Area Metric: Sq Ft

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Unit

  • Financial Statement: Y

  • Gross Income/Sales: 79200

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Very Walkable

  • Most errands can be accomplished on foot.
81 /100

Bikeable

  • Some errands can be accomplished on bike.
66 /100
JK-8

Central Public School

Elementary: Public
1.26 km
JK-8

Princess Elizabeth Public School

Elementary: Public
1.39 km
JK-8

Bellview Public School

Elementary: Public
1.45 km
JK-8

Major Ballachey Public School

Elementary: Public
0.49 km
JK-8

King George School

Elementary: Public
1.14 km
JK-8

Jean Vanier Catholic Elementary School

Elementary: Catholic
1.64 km
9-12

St. Mary Catholic Learning Centre

Secondary: Catholic
0.38 km
9-12

Grand Erie Learning Alternatives

Secondary: Public
1.71 km
9-12

Pauline Johnson Collegiate and Vocational School

Secondary: Public
1.22 km
9-12

St John's College

Secondary: Catholic
3.98 km
9-12

North Park Collegiate and Vocational School

Secondary: Public
3.72 km
9-12

Brantford Collegiate Institute and Vocational School

Secondary: Public
1.84 km
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