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$1,000,000
Status: For Sale
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 Type | :Residential |
|---|---|
| MLS Number | :X9367819 |
| Listing Type | :Sale |
| Property Age | :100+ Years |
| Possession Date | : |
| Last Updated | :31 Oct, 2024 (13 Days ago) |
| Source | :TRREB |
| Area | :Brantford |
|---|---|
| Postal Code | :
N3S 5H4
|
| Price | : $1,000,000 |
|---|---|
| Property Taxes | :$5682.00 |
| Tax Year | :2023 |
|---|
| Bedrooms | :8 + 0 |
|---|---|
| No. of Rooms | :20 |
| Air Conditioning | :None |
| Heating | :Radiant |
| Place of Worship | :No |
| Cross Street | :Right on Mary to Park Avenue, Property will be on the left. |
| Bathrooms | :4 |
|---|---|
| Fuel | :Gas |
| Elevator | :No |
| Approx Square Footage | :3000-3500 sqft |
| Exterior Finish | :Brick |
|---|---|
| Parking Space | :1 |
| Basement | :Finished |
| Garage | :None |
|---|
31 Oct, 2024
TREB #X9367819
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$1,000,000
85 Park Ave, Brantford, Ontario
Listing ID #X9367819
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