171 Nelson Street, Brantford

$799,900
UNIT #1-2BR, UNIT#2-3BR, UNIT#3-4BR, UNIT#4-1BR + Den
BD
4
BA
3,941
SqFt
List Price
$799,900
Status
Just Listed!
Property Type
4-Plex
Bedrooms
UNIT #1-2BR, UNIT#2-3BR, UNIT#3-4BR, UNIT#4-1BR + Den
Bathrooms
4
Living Area
3,941
Lot Size
82.51 x 132.00

Property Description

Attention Investors! A fully tenanted 4-plex sitting on a double lot with the potential to sever. This impressive 3,941 sq.ft. all-brick income property is a real money-maker with 4 spacious units that include a 2-bedroom unit, a 3-bedroom unit, a 4-bedroom unit, a 1-bedroom plus den/office unit, and a 44'6" x 28'6" detached garage/workshop. A great income-producing property! Apt #1: Rent $875.00/month + Hydro; Apt. #2: Rent $1,650/month All Inclusive; Apt. #3: Rent $2,350/month All Inclusive; Apt. #4: Rent $850.00/month + Hydro. All tenants are month-to-month and there are 4 hydro meters at the property. Total Gross Income: $73,500 year (including garage rental at $400/month). Expenses: Property Taxes $4,919.93/year; Insurance $2,157.48/year; Hydro $3,318.47/year; Water & Sewer $3,517.99/year; Gas $2,166.56/year; Water Heater Rental $627.85/year. Total Net Income: $56,791.72 year (A 7.10% Cap Rate!). Plus there is potential to sever the lot to create a building lot and the RC zoning allows for numerous building options. An excellent income property with a fantastic return!  Call The Terry Summerhays Team today at 519-802-8770 to book a private viewing for this property!

 

171 Nelson Street, Brantford

FEATURING:

  • Impressive 3,941 sq.ft. 2.5 Storey All-Brick 4-Plex
  • Sitting on a Double Lot with Potential to Sever
  • A Separate Driveway on Each Side of the Property
  • Four Spacious Units that are Fully-Tenanted
  • High Ceilings, 10" Baseboards, and More
  • Huge Detached 44'6" x 28'6" Workshop
  • Great Income Property with 7.10% Cap Rate

To schedule a tour of this property, Call or Text The Terry Summerhays Team at 519-802-8770.

 

Selling Your Home this Year? Terry Summerhays Sells His Listings More Money!*

Click Here to Find Out Why We Will Sell Your Home for More Money!

 

Why Live in Brantford, Ontario?

Welcome to Brantford, Ontario. The City of Brantford was recently ranked as the best city in Canada to buy real estate, according to the latest annual MoneySense ranking for Where to Buy Now as featured by Macleans. Brantford is a thriving city in southwestern Ontario with a small town feel while offering all the modern-day conveniences you will find in a much larger city, and easy access to Highway 403 and Highway 24. Known as the “Telephone City” thanks to Brantford resident Alexander Graham Bell’s invention of the telephone, and of course famous for being the hometown of the world’s greatest hockey player of all time “The Great One” Wayne Gretzky. Brantford has won the internationally acclaimed Communities in Bloom award for its beautiful parks and elaborate flower gardens, and the city has some amazing walking trails and biking trails along the Grand River. You can find more information about Brantford here, or Call Terry at (519)802-8770 because The Terry Summerhays Team are local Brantford realtors who were born and raised in Brantford and know the City of Brantford and surrounding areas inside and out.

To schedule a tour of this property, Call or Text The Terry Summerhays Team at 519-802-8770.

 

Selling Your Home this Year? Terry Summerhays Sells His Listings for More Money!*

Click Here to Find Out Why We Will Sell Your Home for More Money!

Based on statistics from the Brantford Regional Real Estate Association's MLS system for the Average Sale Price to List Price ratio for detached residential homes in Brantford.

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