40 Niagara St

Brantford, N3R 4E2
FOR SALE
$675,000
40 Niagara St, Brantford
40 Niagara St
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4
BEDROOMS
2
BATHROOMS
2
KITCHENS
8
ROOMS
X8200910
MLSID
Contact Us
Property Description
Welcome to an exceptional investment opportunity in Brantford! This existing legal duplex is turn-key, with two well-maintained units featuring separate laundry facilities and tenants responsible for utilities. The units are in top condition with market rents, situated near downtown Brantford, this property benefits from its prime location near essential amenities, schools, parks, and transportation hubs. Combine this property with the vacant lot beside at 38 Niagara Street X8200908 for a total of five units upon completion, offering substantial revenue potential. With CMHC financing available post-construction, investors can employ a BRRRR strategy to refinance most of their capital out while still maintaining positive cash flow. Don't miss out on this remarkable opportunity!
Property Details
Property Type
Detached, Bungalow
Lot Size
41' x 89'
Acreage
< .50
Fronting
West
Taxes
$2,576 (2024)
Basement
Full, Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
Brantford Market Statistics
Brantford Price Trend
40 Niagara St is a 4-bedroom 2-bathroom home listed for sale at $675,000, which is $220,000 (24.6%) lower than the average sold price of $895,000 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 4 bedroom home in Brantford increased by $90,000 (11.2%) compared to the previous 30 day period (February 29 - March 29) and up $215,000 (31.6%) from the same time one year ago.
Inventory Change
There were 38 4-bedroom homes listed in Brantford over the last 30 days (March 30 - April 28), which is down 0.0% compared with the previous 30 day period (February 29 - March 29) and up 46.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Brantford typically sold ($15,900) (1.8%) below asking price over the last 30 days (March 30 - April 28), which represents a $2,100 increase compared to the previous 30 day period (February 29 - March 29) and ($15,354) 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 (March 30 - April 28) stood at 71.1%, up from 39.5% over the previous 30 days (February 29 - March 29) and up from 42.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Brantford stood at 19 days when successfully sold over the last 30 days (March 30 - April 28), compared to 78 days before being removed from the market upon being suspended or terminated.
Listing contracted with Rock Star Real Estate Inc.
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