38 & 40 Niagara St

Brantford, N3R 4E2
FOR SALE
$974,999
Terminated
$0
38 & 40 Niagara St, Brantford
38 & 40 Niagara St
38 & 40 Niagara St
38 & 40 Niagara St
38 & 40 Niagara St
38 & 40 Niagara St
38 & 40 Niagara St
38 & 40 Niagara St
38 & 40 Niagara St
38 & 40 Niagara St
4
BEDROOMS
2
BATHROOMS
2
KITCHENS
6
ROOMS
X8147098
MLSID
Contact Us
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-03-15 2024-04-03 19 $974,999 - Terminated
2024-03-15 2024-04-03 19 $974,999 - Terminated
Property Description
Exceptional investment opportunity in Brantford! This property presents a prime chance for development and cash flow in a rapidly growing city. Featuring an existing duplex in top condition with market rents and a serviced lot approved for three additional units, this property allows for a total of five units upon completion, offering substantial revenue potential. With CMHC financing available post-construction, investors can employ a near-perfect BRRRR strategy to refinance most of their capital out while still maintaining positive cash flow. Approvals for severance and minor variances have been secured. Preliminary house concepts, cost estimates, and a CMHC proforma, is available. The existing legal duplex is turn-key, with two well-maintained units featuring separate laundry facilities and tenants responsible for utilities. Situated near downtown Brantford, this property benefits from its prime location near essential amenities, schools, parks, and transportation hubs.
Property Details
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
68' 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
4
Driveway
Pvt Double
Garage Type
None
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