152 Terrace Hill St
Brantford, N3R 1G6
FOR SALE
$1,050,000
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4
BEDROOMS4
BATHROOMS4
KITCHENS13
ROOMSX8302774
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Property Description
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). Turnovers would 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 1-2 bedroom units, each self-contained with tenants handling expenses except water, ensuring robust cash flow. Recent upgrades include individual hot water tanks, heating systems, stainless steel appliances, washers/dryers, and basement waterproofing. A detached 2-1/2 car garage adds rental potential. Ideal for savvy investors seeking a turnkey property in a thriving rental market. Situated near hospitals, schools, university, shopping, parks, and bus routes, plus easy access to HWY 403, ideal for commuters.
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Extras
Situated near hospitals, schools, university, shopping, parks, and bus routes, plus easy access to HWY 403,ideal for commuters
Property Features
Hospital, Other, Park, Place Of Worship, Public Transit, School
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Property Details
Street
City
Property Type
Fourplex, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
42' x 188'
Acreage
< .50
Fronting
South
Taxes
$4,085 (2023)
Basement
Full, Sep Entrance
Exterior
Brick
Heat Type
Heat Pump
Heat Source
Other
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 12.01' x 9.97' | Laminate, Window |
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Brantford Market Statistics
Brantford Price Trend
152 Terrace Hill St is a 4-bedroom 4-bathroom home listed for sale at $1,050,000, which is $177,500 (20.3%) higher than the average sold price of $872,500 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 4 bedroom home in Brantford increased by $32,500 (3.9%) compared to the previous 30 day period (March 15 - April 13) and up $109,600 (14.4%) from the same time one year ago.Inventory Change
There were 49 4-bedroom homes listed in Brantford over the last 30 days (April 14 - May 13), which is up 63.3% compared with the previous 30 day period (March 15 - April 13) and up 69.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Brantford typically sold ($9,950) (1.1%) below asking price over the last 30 days (April 14 - May 13), which represents a $9,050 increase compared to the previous 30 day period (March 15 - April 13) and ($8,410) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Brantford over the last 30 days (April 14 - May 13) stood at 53.1%, down from 63.3% over the previous 30 days (March 15 - April 13) and up from 34.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Brantford stood at 21 days when successfully sold over the last 30 days (April 14 - May 13), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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