85 Park Ave

Brantford, N3S 5H4
FOR SALE
$1,000,000
Terminated
$0
85 Park Ave, Brantford
85 Park Ave
85 Park Ave
85 Park Ave
85 Park Ave
85 Park Ave
85 Park Ave
85 Park Ave
85 Park Ave
85 Park Ave
8
BEDROOMS
4
BATHROOMS
4
KITCHENS
20
ROOMS
X9367819
MLSID
Contact Us
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-09-25 2024-11-24 60 $1,000,000 - Terminated
2024-07-11 2024-09-07 60 $925,000 - Expired
Property Description
This Vacant Legal 4-Plex Is A Fantastic Investment Opportunity! Occupied Will Operate At An 8% Cap Rate! Featuring Four Spacious 2-Bedroom Units, Each Offering Ample Living Space. With All Units Currently Vacant, Investors Have The Unique Advantage Of Selecting Their Own Tenants And Renting At Market Rates. Additionally, This Property Is Perfect For An Owner-Occupant, Allowing You To Live In One Unit While Generating Income From The Others, Effectively Covering Your Living Expenses And Enjoying Cost Free Living! All Units Are Separately Metered For Hydro And Gas Allowing For Minimal Expenses To The Property Owner And Very Strong Cashflow . This Is A Great Opportunity For Investors And Aspiring Home Owners. Can Be Sold Vacant Or Can Fill Units With People On Waiting List.
Property Details
Street
Property Type
Fourplex, 3-Storey
Similar Listings
44 Mary St, Brantford
7
BEDS
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BATHS
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FOR SALE
$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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