$1,150,000

Investment For Sale In Terrace Hill, Brantford, Ontario

$1,150,000

Property Information:

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). Turnoverswould 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 1-2bedroom units, each self-contained with tenants handling expenses except water, ensuring robust cash flow. Recent upgrades include individual hotwater tanks, heating systems, stainless steel appliances, washers/dryers, and basement waterproofing. A detached 2-1/2 car garage adds rentalpotential. Ideal for savvy investors seeking a turnkey property in a thriving rental market. Situated near hospitals, schools, university, shopping, parks, andbus 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. (id:27)

Building Features:

  • Style: Fourplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Heating Type: Other
  • Cooling Type: Fully air conditioned
  • Appliances: Dryer, Range, Refrigerator, Stove, Washer, Window Coverings

Property Features:

  • Property Type: Multi-family
  • Irregular: Yes
  • Lot Depth: 188.0 Feet
  • Lot Frontage: 41.7 Feet
  • Lot Size: Unit=41.72 x 188.08 FT
  • Zoning: RC,OS1

Courtesy of: EXP REALTY

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.