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81 East Ave

East Ave, East Ward, Brantford, ON, N3S 3L6

4
Beds
3
Baths
2,145
Sq. Ft.
$644,900
List Price
Details
Photos
18
Comparables
History
81 East Ave, Brantford, ON - 1 of 3
81 East Ave, Brantford, ON - 2 of 3
81 East Ave, Brantford, ON - 3 of 3
56 days on market

Quick Summary

  • Fully renovated triplex with separate units
  • Stable long-term tenants with market-rate rents
  • Newly installed gas furnaces in two units
  • Renovated bathroom with oversized shower
  • Covered porch and yard access for one unit
  • Separate utility meters for each unit
  • Attractive 5.85% capitalization rate
  • Brick construction for fire safety

This is a fire rated brick triplex. Unit 1 is rented for $777. A new gas furnace was installed in 2023. It is a long term tenant and the market rent would be $1500. It is the main floor of the original house. Unit 2 is rented for $1333; it is a 2 bed with a balcony. The bathroom was redone about 3 years ago with an oversized shower. It is... Show More

This is a fire rated brick triplex. Unit 1 is rented for $777. A new gas furnace was installed in 2023. It is a long term tenant and the market rent would be $1500. It is the main floor of the original house. Unit 2 is rented for $1333; it is a 2 bed with a balcony. The bathroom was redone about 3 years ago with an oversized shower. It is the total upstairs of the main house. Unit 3 is on the main floor of an addition to the back of the house. it has a covered porch and access to half of the back yard. The unit was totally renovated in 2024 ceiling to floor plus a new f/a gas furnace and central air. I have used a projected rent of $1600. Note: Tenants pay all utilities, gas, hydro and water (separate meters). rent $44450 less costs Taxes $3479, insurance $3000 and water heater rentals $432.n Tot Expense $6911. Net Income $37609 5.85 CAP RATE. (id:54626)

Property Details

Size

2,145 sq. ft.
across 2 floors
4 Beds
3 Baths
3 Full

Parking

1 Parking Space
-

Build

Year Built
-
Model Name
-
Basement
Unfinished
Exterior
Brick
Foundation
Stone
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
Central air conditioning

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40665417
Last Updated
November 15, 2024
Brokerage
Royal LePage Action Realty
Powered by: REALTOR.ca
Call us 800-591-0566

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