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!
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.