81 East Ave

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

Beds

Baths

2,145

Sq. Ft.

$644,900

List Price

New

8 days on market

Quick Summary

Affordable triplex investment property
Rental income covers mortgage payments
Recently renovated back apartment
New gas furnaces installed in 2023-2024

AFFORDABLE HOUSING! This is a triplex. If you have a client that wants to live in this building in unit 1, the rents from the other 2 tenants will pay the whole mortgage!!! The buyer can legally issue an N11 to the tenant in unit 1 informing them he is moving into that apartment. $50 k down leaves a $600k mortgage payment of ($600k x$5/ $1000 (4%) $3000). The rents from the other 2 apt are $1333 and $1600. That's $2933 to pay the mortgage. The tenants pay their own utilities. So the buyers monthly cost is Insurance and Taxes. You cant get more affordable than that. Also the back apt was just renovated in 2024. 2 of the gas furnaces were just put in in 2023 and 2024. (id:54626)

Property Details

Size

2,145 sq. ft.

4 total rooms across 2 floors

1 Bed

1 Above Grade

1 Bath

1 Full

Parking

2 Parking Spaces

Build

Year Built

Model Name

Basement

Unfinished

Exterior

Brick

Foundation

Stone

Builder Name

Stories

Flooring

Roof

Heating & Cooling

Heating

Forced air

Cooling

Central air conditioning

Utilities

Water

Municipal water

Sewer

Municipal sewage system

SHOW LESS

Rooms

4pc Bathroom

Bathroom

Bedroom

9′0″ x 11′0″

Kitchen

12′0″ x 12′0″

Living room

12′0″ x 10′0″

Ownership Details

Ownership

Title

Freehold

Zoning

Source

Listing Brokerage

MLS® Listing

40672550

Brokerage

Royal LePage Action Realty

MLS® Listing

40672550

Last Updated

November 8, 2024

Brokerage

Royal LePage Action Realty

Call us 800-591-0566

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