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.
MLS# | 40634362 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1890 |
Days On Site | 84 |
Listing Provided By | EXP REALTY OF CANADA INC | Jake Nicolle |
SQ Feet | 2,115 |
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Garage | 2 |
Basement | Y |
Story(s) | 2 |
Zoning | RC OS1 |
Province | ON |
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County | Brantford |
City | Brantford |
Postal Code | N3R 1G6 |
Area | 2040 Terrace Hill | E & N Wards |
Subarea | 2041 Terrace Hill |
Community Name | 2041 Terrace Hill |
Listing VS Median (in 2041 Terrace Hill) | |
Price: $1,150,000 low | high Med: $599,900 SqFt: 2,115 low | high Med: 2,255 $ / SqFt: $544 low | high Med: $266 On Site: 84 low | high Med: 154.000000 |