85 Park Ave

Park Ave, East Ward, Brantford, ON, N3S 5H4

Beds

Baths

3,012

Sq. Ft.

$1,000,000

List Price

40 days on market

Quick Summary

Fantastic investment opportunity with 8% cap rate
Spacious 2-bedroom units with ample living space
Vacant units allow selecting own tenants and market rents
Ideal for owner-occupant to generate rental income
Separately metered units minimize owner expenses
Strong cash flow potential for investors
Can be sold vacant or with waiting list tenants
Legal 4-plex with four 2-bedroom units

This 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 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. (id:54626)

Property Details

Size

3,012 sq. ft.

across 3 floors

8 Beds

0 Baths

Parking

1 Parking Space

Lot

Size

396′0″ * 1307′12″

Acres

Build

Year Built

Model Name

Basement

Finished

Exterior

Brick

Foundation

Block

Builder Name

Stories

Flooring

Roof

Heating & Cooling

Heating

Cooling

None

Utilities

Water

Municipal water

Sewer

Municipal sewage system

SHOW LESS

Ownership Details

Ownership

Title

Freehold

Zoning

Source

Listing Brokerage

MLS® Listing

40640971

Brokerage

Royal LePage Brant Realty

MLS® Listing

40640971

Last Updated

October 19, 2024

Brokerage

Royal LePage Brant Realty

Call us 800-591-0566

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