Property Information:

Build Wealth with this High-Performing Income Property! An impressive all-brick fourplex sitting on a 0.25 of an acre lot with over 80 feet of frontage, a 44’6” x 28’6” detached garage/workshop, a wraparound covered front porch, and plenty of parking. This outstanding 3,941sq.ft. income-producing powerhouse generates over $100,000 in annual rental income and a fantastic 12.27% cap rate. The rental income is as follows: Basement Unit: $1,350/month + hydro; Main Floor Unit: $2,200/month all-inclusive; 2nd Floor Unit: $2,750/month all-inclusive; Attic Unit: $1,500/month + hyrdo(tenant recently vacated and it was left vacant by the current owner so the new owner can choose their own tenant and rent at the market rate). The financials for the property are attached to the MLS listing for your realtor to access for you and a copy is also available upon request. Whether you’re growing your portfolio or purchasing your first investment property, this fourplex offers a cash-flow opportunity that rarely becomes available. Don’t miss out on this lucrative investment property! Book a viewing today! (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Basement Development: Partially finished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 3941 sqft
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Bedrooms: 10
Bathrooms: 4
Amenities Nearby: Park, Public Transit, Schools, Shopping
Built in: 1900
Community Features: Quiet Area
Features: Crushed stone driveway
Fence Type: Partially fenced
Floor Space (approx): 3941 Square Feet
Irregular: Yes
Lot Depth: 132 Feet
Lot Frontage: 82 Feet
Lot Size: 0.25 Acres
Structure Type: Workshop, Shed, Porch
Zoning: NLR (F9 A270 C40)
Sewer: Municipal sewage system
Parking Type: Detached garage
No. of Parking Spaces: 13

Courtesy of: Re/Max Twin City Realty Inc

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Demographic Information of 171 NELSON Street, Brantford, Ontario, N3S 4B7

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 %

171 NELSON Street, Brantford, Ontario, N3S 4B7