$899,000
Available - For Sale
Listing ID: X12334431
44 Mary Stre , Brantford, N3S 3B1, Brantford
| RENOVATED FOURPLEX on DOUBLE LOT with TONS of UPDATES. Market Rents with 6% Cap-Rate. 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. 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. |
| Price | $899,000 |
| Taxes: | $4950.00 |
| Tax Type: | N/A |
| Occupancy: | Tenant |
| Address: | 44 Mary Stre , Brantford, N3S 3B1, Brantford |
| Postal Code: | N3S 3B1 |
| Province/State: | Brantford |
| Legal Description: | PLAN BTFD PT LOT 10 PT LOT 11 N MARY ST |
| Directions/Cross Streets: | Corner of Mary And Peel |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 3207.00 |
| Total Area Code: | Square Feet |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Net Income Before Debt: | $71710 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 0 |
| Heat Type: | Electric Forced Air |
| Central Air Conditioning: | Yes |
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NASSER NADA
Broker
Dir:
416-859-5645
Bus:
905-507-4776
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Brantford |
| Municipality: | Brantford |
| Neighbourhood: | Dufferin Grove |
| Tax: | $4,950 |
| Fireplace: | N |
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