Property Information:

Welcome to 169 Darling Street, a solid and well-maintained four-plex offering an excellent investment opportunity with immediate rental income. This fully tenanted property provides reliable cash flow while still offering future upside potential for investors looking to further improve the net operating income. The building features a durable and attractive restored brick exterior and sits on a rare double lot, providing ample on-site parking for tenants. Major updates have already been completed, including a newer roof, replacement windows, updated plumbing and electrical systems, and upgraded HVAC components, offering peace of mind and reduced maintenance for years to come. The property is also equipped with interconnected smoke alarms, enhancing safety and compliance. Two of the four units have been thoughtfully renovated within the past few years, showcasing modern updates that appeal to today’s tenants. Additionally, the property benefits from owned water heaters, helping to keep operating expenses manageable. With half of the units currently on updated rents and the remaining units presenting future rental growth potential, there is clear opportunity to further enhance the property’s income and overall return. Ideally located close to shopping, public transit, schools, and everyday amenities, 169 Darling Street is well-positioned to attract and retain tenants. With its strong income profile, attractive cap rate potential, and value-add opportunities, this turnkey four-plex is a compelling addition to any real estate portfolio. (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Basement Development: Finished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 1800 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Amenities Nearby: Park, Public Transit, Schools, Shopping
Built in: 1881
Features: Paved driveway
Floor Space (approx): 1800 Square Feet
Irregular: Yes
Lot Depth: 132 Feet
Lot Frontage: 85 Feet
Lot Size: 0.26 Acres
Zoning: C3-1
Sewer: Municipal sewage system
Parking Type: Open
No. of Parking Spaces: 6

Courtesy of: Pay It Forward Realty

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Demographic Information of 169 DARLING Street, Brantford, Ontario, N3S 3W5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$71,313.99

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.78 %

High school certificate or equivalent

37.89 %

Apprenticeship trade certificate/diploma

4.08 %

College/non-university certificate

20.04 %

University Degree

17.21 %

Commuter

Travel To Work

By Car

76.64 %

By Public Transit

13.95 %

By Walking

7.73 %

By Bicycle

0.0 %

By Other Methods

1.68 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

77.3 %

Houses

22.7 %

169 DARLING Street, Brantford, Ontario, N3S 3W5