220 NELSON STREET, Brantford, Ontario, N3S 4C1
$659,999MLS® # X12835650
Investment For Sale In East Ward, Brantford, Ontario
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 14.34 ft x 12.17 ft
- Living 2nd Level 4.19 m x 4.85 m 13.75 ft x 15.91 ft
- Primary Bedroom 2nd Level 4.11 m x 2.77 m 13.48 ft x 9.09 ft
- Bedroom 2nd Level 3.00 m x 3.10 m 9.84 ft x 10.17 ft
- Bathroom 2nd Level 1.34 m x 2.08 m 4.40 ft x 6.82 ft
- Kitchen 3rd Level 2.11 m x 2.46 m 6.92 ft x 8.07 ft
- Living 3rd Level 4.01 m x 3.30 m 13.16 ft x 10.83 ft
- Family 3rd Level 4.29 m x 4.01 m 14.07 ft x 13.16 ft
- Bedroom 3rd Level 3.86 m x 1.75 m 12.66 ft x 5.74 ft
- Bathroom 3rd Level 1.96 m x 2.46 m 6.43 ft x 8.07 ft
- Kitchen Main Level 2.67 m x 2.97 m 8.76 ft x 9.74 ft
- Living Main Level 3.35 m x 4.22 m 10.99 ft x 13.85 ft
- Bedroom Main Level 3.61 m x 3.20 m 11.84 ft x 10.50 ft
- Bathroom Main Level 2.41 m x 2.97 m 7.91 ft x 9.74 ft
- Other Main Level 2.67 m x 4.27 m 8.76 ft x 14.01 ft
Courtesy of: CENTURY 21 HERITAGE HOUSE LTD
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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.
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