$1,049,900
Available - For Sale
Listing ID: X11895252
44 Mary Stre , Brantford, N3S 3B1, Brantford
| $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: | $4597.00 |
| Tax Type: | N/A |
| Assessment: | $332000 |
| Assessment Year: | 2024 |
| Occupancy: | 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: | 92.00 x 64.00 (Feet) |
| Directions/Cross Streets: | Corner of Mary And Peel |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 3207.00 |
| Total Area Code: | Square Feet |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Taxes Expense: | $4850 |
| Insurance Expense: | $2640 |
| Gross Income/Sales: | $79200 |
| Net Income Before Debt: | $71710 |
| Year Expenses: | 2023 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 0 |
| Heat Type: | Electric Forced Air |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| EXP REALTY |
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Gaurang Shah
Licenced Realtor
Dir:
416-841-0587
Bus:
905-458-7979
Fax:
905-458-1220
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Brantford |
| Municipality: | Brantford |
| Neighbourhood: | Dufferin Grove |
| Lot Size: | 92.00 x 64.00(Feet) |
| Tax: | $4,597 |
| Fireplace: | N |
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