Available

  • $720,000
  • 5 beds
  • 3 baths
If you are looking for a multi-unit property to buy and hold for the long term, then look no further – This is your chance to acquire a legal triplex for the price of a single-family home!
This large, well-maintained triplex is centrally located near the downtown core in a nice tree-lined street, and is only minutes away from the city centre, hospitals, WLU & Conestoga Brantford. With $750+/month in positive cash flow, this property is a great addition for any investor looking to add a solid legal multiplex to their portfolio. There’s lots of potential to add value with a cosmetic update – all the mechanicals/roofs have already been taken care of in the last 6 years.
With one unit coming vacant, this is also a great opportunity for a First-time buyer/end-user to house hack – move into the vacant unit and have your tenants pay off your mortgage! This is also a perfect opportunity for an investor to refresh the unit and set market rents.
Closing is January 19th, 2022

PICTURES AND VIDEO

PROPERTY HIGHLIGHTS
  • All brick Detached Legal Triplex
  • Unit 1: 2 bedroom,1 bath, living room, kitchen -will come VACANT for the new owner
  • Unit 2: 2 bedroom,1 bath,living room,kitchen + laundry+access to basement for storage
  • Unit 3: Bachelor, 1 bath + Balcony
  • Current rent: $3593/month in rent all inclusive($1500, $1300, $793) – ⅔ units under market value.
  • All 3 units can eventually use a facelift after which rents will be over $4000. Not required right now as the property will cash flow $750+/month as is!!.
  • Lot: 29.3ft x 73ft – irregular lot
  • 3 parking spots
  • New Roof in 2015
  • New Windows in 2016
  • Furnace less than 6 years old
  • HWT rental($39/month)
  • Property Tax: 3362/yr
  • Buyer to assume tenants in 2 units – working professionals with demonstrated payment history.
  • Solid location with all-inclusive rents making this property very rentable. The current owner has never faced vacancy issues.

THE NUMBERS

  • Purchase Price: $720,000
  • Down Payment(20%): $144,000
  • Expenses:
  • Mortgage @ 1.80% (30yr am): $2070
  • Prop. taxes: $280/month
  • Utilities: $347/month
  • (Gas – $96.25 ,Hydro & Water- $212 HWT- $39 )
  • Insurance: $120/month
  • Total Rent: $3593/month
Cash Flow: $776/month
COMPARABLES
PROCESS
If you are interested and serious, please contact Paul at 647-745-4598 or email profitableproperty10@gmail.com if you have any questions.
We will also consider offers sight unseen!
Please do not go directly to the address.
Realtors, add your commission amount and bring us a buyer!
Text Paul at – 647 745 4598
  • With the following information:
  • 1) Offer price
  • 2) Deposit amount
  • 3) Name and Email
Price:
$720,000
Address:
Brant Ave & Henrietta St
Brantford, Ontario
Bedrooms:
5
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Triplex

Call (647) 745 4598 for more details

Property Location