Masoud Ahangar
Broker
$1,150,000
Available - For Sale
Listing ID: X9258096
152 Terrace Hill St , Brantford, N3R 1G6, Ontario
| 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). Turnoverswould 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 1-2bedroom units, each self-contained with tenants handling expenses except water, ensuring robust cash flow. Recent upgrades include individual hotwater tanks, heating systems, stainless steel appliances, washers/dryers, and basement waterproofing. A detached 2-1/2 car garage adds rentalpotential. Ideal for savvy investors seeking a turnkey property in a thriving rental market. Situated near hospitals, schools, university, shopping, parks, andbus routes, plus easy access to HWY 403, ideal for commuters. |
| Extras: Situated near hospitals, schools, university, shopping, parks, and bus routes, plus easy access to HWY 403,ideal for commuters. |
| Price | $1,150,000 |
| Taxes: | $4085.00 |
| Tax Type: | T.M.I. |
| Assessment: | $295000 |
| Assessment Year: | 2023 |
| Occupancy by: | Tenant |
| Address: | 152 Terrace Hill St , Brantford, N3R 1G6, Ontario |
| Postal Code: | N3R 1G6 |
| Province/State: | Ontario |
| Lot Size: | 41.72 x 188.08 (Feet) |
| Directions/Cross Streets: | West St/Terrace Hill St. |
| Category: | Apartment |
| Use: | Apts-2 To 5 Units |
| Building Percentage: | Y |
| Total Area: | 2115.00 |
| Total Area Code: | Sq Ft |
| Approximatly Age: | 100+ |
| Franchise: | N |
| Taxes Expense: | $3639 |
| Insurance Expense: | $2640 |
| Water Expense: | $1200 |
| Gross Income/Sales: | $72000 |
| Operating Expenses: | $7479 |
| Net Income Before Debt: | $64521 |
| Year Expenses: | 2023 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | N |
| Heat Type: | Other |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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Masoud Ahangar
Broker
Dir:
416-409-9369
Bus:
647-763-6474
Fax:
888-280-3737
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Brantford |
| Municipality: | Brantford |
| Lot Size: | 41.72 x 188.08(Feet) |
| Approximate Age: | 100+ |
| Tax: | $4,085 |
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