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 $220k in upgrades. Welcome to 152 Terrace Hill Street, North Ward, Brantford. This property, meticulously renovated, offers a lucrative investment opportunity. With potential for a 5th unit addition and existing plans, it features 3-1 bedroom and 1-2 bedroom units, each self-contained with tenants handling expenses except water, ensuring robust cash flow. Recent upgrades include individual hot water tanks, heating systems, stainless steel appliances, washers/dryers, and basement waterproofing. A detached 2-1/2 car garage adds rental potential. Ideal for savvy investors seeking a turnkey property in a thriving rental market. Situated near hospitals, schools, university, shopping, parks, and bus routes, plus easy access to HWY 403, ideal for commuters (id:7434)
Property Attributes
ID#40684760
Type Multi-Family
City Brantford
Neighbourhood 2041 - Terrace Hill
Postal Code N3R 1G6
Style
Year Built1890
Price$ 1,150,000
Bedrooms 5
Bathrooms 4
Half Bathrooms 0
Sqr Footage2115
Data Source:
Canadian Real Estate Association (CREA)
Building Fireplace Present
False
Building Heating Type
Heat Pump
Basement Development
Partially finished
Basement Type
Full (Partially finished)
Land Amenities
Hospital,Park,Place of Worship,Playground,Public Transit,Schools
Sewer
Municipal sewage system
Exterior Finish
Brick