44 Mary St
Brantford, N3S3B1
For Sale
$1,049,900
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Apartment
CATEGORY3,207 Sq Ft
TOTAL AREAX9260914
MLSIDContact Us
Property Description
$81,000 in Rental Income. Market Rents with 7% Cap-Rate. RENOVATED FOURPLEX on DOUBLE LOT with TONS of UPDATES. Tenants pay Heat, Hydro & Water. UPDATED Interiors, Electrical, Plumbing, Heating, & Kitchens, Flooring, Appliances (including washers and dryers). Approx $300k in upgrades. Turnovers would simply be a clean and fresh paint. All units re-rented to highly vetted tenants with no legacy tenants. Introducing a prime investment opportunity located at the corner of Mary and Peel: a brick 4-plex boasting an extra-large lot for potential expansion. While it may not be suitable for severance, there's room for growth, possibly transforming it into a 7-plex . Don't miss out on this investment opportunity with potential for growth and increased profitability.
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Extras
Located in a well-established neighborhood, residents benefit from proximity to local amenities such as shops, restaurants, and parks, fostering a convenient and comfortable lifestyle.
Property Details
Category
Apartment
Usage
Apts-2 To 5 Units
Zoning
Rc
Total Area
3,207 Sq Ft
Lot Size
92' x 64'
Taxes
$4,597 (2023)
Air Conditioning
Yes
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Listing contracted with Exp Realty
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