152 TERRACE HILL St
Brantford, N3R 1G6
FOR SALE
$1,150,000
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4
BEDROOMS4
BATHROOMS4
KITCHENS13
ROOMSX9258082
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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). 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.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-03 | 2024-08-16 | 105 | $1,050,000 | - | Terminated |
| 2024-03-21 | 2024-05-02 | 42 | $1,250,000 | - | Terminated |
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 $1,150,000, which is $335,500 (41.2%) higher than the average sold price of $814,500 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 4 bedroom home in Brantford increased by $36,389 (4.7%) compared to the previous 30 day period (September 23 - October 22) and down $78,000 (8.7%) from the same time one year ago.Inventory Change
There were 22 4-bedroom homes listed in Brantford over the last 30 days (October 23 - November 21), which is down 8.3% compared with the previous 30 day period (September 23 - October 22) and down 42.1% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Brantford typically sold ($41,900) (5.1%) below asking price over the last 30 days (October 23 - November 21), which represents a $32,000 decrease compared to the previous 30 day period (September 23 - October 22) and ($26,400) 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 (October 23 - November 21) stood at 54.5%, down from 70.8% over the previous 30 days (September 23 - October 22) and up from 31.6% 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 42 days when successfully sold over the last 30 days (October 23 - November 21), compared to 60 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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