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$1,049,900
Available - For Sale
Listing ID: X11895252
$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.
Price $1,049,900
Taxes: $4,597
Tax Type: N/A
Assessment: $332000
Assessment Year: 2024
Occupancy by: 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
Lot Size: 92 x 64 (Feet)
Directions/Cross Streets: Corner of Mary And Peel
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: T
Total Area: 3,207
Total Area Code:  Square Feet
Financial Statement: T
Chattels: T
Franchise: F
Taxes Expense: $4850
Insurance Expense: $2640
Maintenance: 0
Gross Income/Sales: $79200
Net Income Before Debt: $71710
Year Expenses: 2023
Expenses Actual/Estimated: $Est
Heat Type: Electric Forced Air
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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    TDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
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Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
EXP REALTY

44 Mary Stre , Brantford, N3S 3B1, Brantford


 
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Type: Com - Investment
Area: Brantford
Municipality: Brantford
Neighbourhood: Dufferin Grove
Style:
Lot Size: 92.00 x 64.00(Feet)
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Tax: $4,597
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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