5 Bedroom
4 Bathroom
2,731 sqft
None
Forced Air
$689,000
Fully tenanted 4-plex in the heart of Brantford presents a strong investment opportunity with multiple revenue streams. In addition to the 4 rental units, the property includes a 749 sqft. detached garage generating extra revenue as storage to 1 tenant. The property has a wide 100ft frontage providing for a possible severance zoned to accommodate a semi-detached building. This could possibly create 4 additional units. The garage has its own electricity meter and gas for heat and is also able to finished into another residential unit. The house has 4 rental units: Three 1-bedroom/1-bath and one 2-bedroom+ den/1-bath. The building has Coin-operated laundry facilities and ample parking for tenants having enough room for 20+ vehicles. Gas furnace provides heating while 3 water heaters service the different units. Another key factor of this property is the opportunity to rezone all of it- if you were to demolish the building the zoning would change from the grandfathered residential into commercial. With its combination of residential income and commercial/development potential, this property is a perfect addition to any investment portfolio. (id:63476)
Property Details
|
MLS® Number |
40854400 |
|
Property Type |
Multi-family |
|
Amenities Near By |
Airport, Hospital, Park, Public Transit, Schools, Shopping |
|
Features |
Crushed Stone Driveway, Laundry- Coin Operated |
|
Parking Space Total |
29 |
Building
|
Bathroom Total |
4 |
|
Bedrooms Total |
5 |
|
Basement Development |
Unfinished |
|
Basement Type |
Partial (unfinished) |
|
Constructed Date |
1881 |
|
Cooling Type |
None |
|
Exterior Finish |
Brick |
|
Foundation Type |
Poured Concrete |
|
Heating Fuel |
Natural Gas |
|
Heating Type |
Forced Air |
|
Stories Total |
2 |
|
Size Interior |
2,731 Sqft |
|
Type |
Fourplex |
|
Utility Water |
Municipal Water |
Parking
Land
|
Access Type |
Highway Access |
|
Acreage |
No |
|
Land Amenities |
Airport, Hospital, Park, Public Transit, Schools, Shopping |
|
Sewer |
Municipal Sewage System |
|
Size Frontage |
100 Ft |
|
Size Total Text |
Under 1/2 Acre |
|
Zoning Description |
F-m2, F-m1-16, F-r4a-45, F-rc-40, F-m1-17 |