Property Information:

Legal triplex in Brantford offered at $659,000 with a strong 6.7% cap rate. Excellent income profile with projected annual income of $57,654.72 and net income of $44,284.74. Ideal opportunity for investors seeking solid cash flow with quality tenants already in place. Garage income projected at $300 per month adds further upside potential. Extensive capital improvements have been completed. In 2021 Unit 1 underwent a full renovation including a modern kitchen with new flooring, cabinetry, stainless steel appliances, and quartz countertops. The bathroom was fully updated with new flooring, toilet, reglazed tub, tiled surround, and new plumbing fixtures. Six new windows were installed and electrical wiring was updated with a new panel. The laundry room was fully upgraded in 2021 with new wiring, plumbing for a laundry sink, new appliances, new doors, new window, and a newly enclosed basement entry. In 2023 all four electrical meters were replaced and relocated. In 2024 Unit 3 received a full bathroom renovation with new flooring, toilet, vanity, and shower enclosure. Additional upgrades included new flooring throughout the kitchen and living room, fresh paint, new light fixtures, and updated kitchen appliances, countertop, sink, and faucet. Unit 2 received a new refrigerator and new bathroom window in 2024. Well maintained building with strong mechanical updates and continued care. Prime location close to amenities, transit, and major routes. Turnkey multi residential investment with stable income and future growth potential. (id:27)

Building Features:

Style: Triplex
Building Type: Triplex
Basement Development: Partially finished
Basement Type: Partial
Exterior Finish: Brick
Floor Space: 2000 - 2500 sqft
Foundation Type: Stone
Heating Type: Radiant heat
Heating Fuel: Other
Cooling Type: None
Appliances: Microwave

Property Features:

Property Type: Multi-family
Bedrooms: 5
Bathrooms: 3
Amenities Nearby: Hospital, Schools
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 95.1 Feet
Lot Frontage: 43.6 Feet
Lot Size: 43.6 x 95.1 FT
Zoning: RC
Sewer: Sanitary sewer
Parking Type: Detached garage, Garage
No. of Parking Spaces: 5

Rooms:

Kitchen 2nd Level 4.37 m x 3.71 m
Living 2nd Level 4.19 m x 4.85 m
Primary Bedroom 2nd Level 4.11 m x 2.77 m
Bedroom 2nd Level 3.00 m x 3.10 m
Bathroom 2nd Level 1.34 m x 2.08 m
Kitchen 3rd Level 2.11 m x 2.46 m
Living 3rd Level 4.01 m x 3.30 m
Family 3rd Level 4.29 m x 4.01 m
Bedroom 3rd Level 3.86 m x 1.75 m
Bathroom 3rd Level 1.96 m x 2.46 m
Kitchen Main Level 2.67 m x 2.97 m
Living Main Level 3.35 m x 4.22 m
Bedroom Main Level 3.61 m x 3.20 m
Bathroom Main Level 2.41 m x 2.97 m
Other Main Level 2.67 m x 4.27 m

Convert Measurement to:

Courtesy of: CENTURY 21 HERITAGE HOUSE LTD

More Detail

Less Detail

Demographic Information of 220 NELSON STREET, Brantford, Ontario, N3S 4C1

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$77,696.50

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.13 %

High school certificate or equivalent

35.91 %

Apprenticeship trade certificate/diploma

7.08 %

College/non-university certificate

22.72 %

University certificate (below bachelor)

0.02 %

University Degree

8.13 %

Commuter

Travel To Work

By Car

84.32 %

By Public Transit

5.75 %

By Walking

4.04 %

By Bicycle

0.0 %

By Other Methods

5.89 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

23.73 %

Houses

76.27 %

220 NELSON STREET, Brantford, Ontario, N3S 4C1