254 Darling St
Brantford, N3R 0A2
FOR SALE
$524,900
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Property Description
Grand VACANT duplex in the heart of Brantford on an extra deep 132' lot! 254 Darling Street is a welcomeaddition to any investor's portfolio, as a house-hacking option or to provide an in-law suite for a familymember. A front and rear setup where this duplex offers a full sized 2 storey 3 bed, 1 bath unit in the front(w/ basement storage) and a two level oversized bachelor in the rear w/ updated finishes. Units includeseparate hydro meters & are uniquely connected at the interior basement level also maintaining separate hotwater heaters with a sump pump. Generating projected monthly rents of $3400 ($2200-main, $1200-rear)while passing on utilities to tenants with an estimated positive cash flow position of ~$900 with 20% down.This property offers plenty of upside with the ability to consider building out a garage suite or to convert themain house into a 4 bedroom unit using the large dining room on the main floor. Great cash flowing assetwith ADU upside potential in a declining interest rate environment where rental rates are stable and graduallyclimbing! Property is a must see!
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Property Details
Street
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
30' x 132'
Fronting
West
Taxes
$2,635 (2024)
Basement
Sep Entrance, Unfinished
Exterior
Brick Front, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Detached
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Brantford Market Statistics
Brantford Price Trend
254 Darling St is a 3-bedroom 2-bathroom home listed for sale at $524,900, which is $76,736 (12.8%) lower than the average sold price of $601,636 in the last 30 days (October 13 - November 11). During the last 30 days the average sold price for a 3 bedroom home in Brantford declined by $57,682 (8.7%) compared to the previous 30 day period (September 13 - October 12) and down $77,364 (11.4%) from the same time one year ago.Inventory Change
There were 26 3-bedroom homes listed in Brantford over the last 30 days (October 13 - November 11), which is down 10.3% compared with the previous 30 day period (September 13 - October 12) and down 55.9% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Brantford typically sold ($2,936) (0.5%) below asking price over the last 30 days (October 13 - November 11), which represents a $4,382 increase compared to the previous 30 day period (September 13 - October 12) and ($8,813) more 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 3-bedroom homes in Brantford over the last 30 days (October 13 - November 11) stood at 84.6%, up from 75.9% over the previous 30 days (September 13 - October 12) and up from 74.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Brantford stood at 33 days when successfully sold over the last 30 days (October 13 - November 11), compared to 57 days before being removed from the market upon being suspended or terminated.Listing contracted with Revel Realty Inc.
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