RENOVATED FOURPLEX on DEEP LOT & DETACHED 2.5 CAR GARAGE. Market Rents with 6% Cap rate. Tenants pay Heat & Hydro, Landlord pays water only. NEW Interiors, Electrical, Plumbing, Heating, & Kitchens, Flooring, Appliances (including washers and dryers). Turnovers would simply be a clean and fresh paint. Approx $220k in upgrades. Welcome to 152 Terrace Hill Street, North Ward, Brantford. This property, meticulously renovated, offers a lucrative investment opportunity. With potential for a 5th unit addition and existing plans, it features 3-1 bedroom and 1-2 bedroom units, each self-contained with tenants handling expenses except water, ensuring robust cash flow. Recent upgrades include individual hot water tanks, heating systems, stainless steel appliances, washers/dryers, and basement waterproofing. A detached 2-1/2 car garage adds rental potential. Ideal for savvy investors seeking a turnkey property in a thriving rental market. Situated near hospitals, schools, university, shopping, parks, and bus routes, plus easy access to HWY 403, ideal for commuters. (id:47423)
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Detailed Information
Lot
42 x 0 ft
Amenities Nearby
Hospital, Public Transit, Schools
Features
Southern exposure
Listing Contract Date
2024-08-16
Location Description
WEST ST OR ST PAUL TO TERRACE HILL
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Office
Transaction Type
For sale
Zoning Description
RC OS1
Building
Basement Type
Full
Constructed Date
1890
Exterior Finish
Brick
Foundation Type
Block
Stories Total
2
Size (Exterior)
2115
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
under 1/2 acre
Access Type
Highway access
Amenities
Hospital, Public Transit, Schools
Sewer
Municipal sewage system
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