Brantford N3S 2H1
Canada

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 5 BR
Bathrooms: 2

Financials

Price:C549,000
($389,000)
(€341,800)
Annual Taxes:C3,180
Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario

Welcome to 219 Erie Ave in Brantford's sought after Eagle Place !

Description

Welcome to 219 Erie Ave in Brantford's sought-after Eagle Place! This massive 3,000+ sq ft duplex offers two self-contained units, each with a separate entrance and separate hydro meter-ideal for investors or owner-occupiers. Main level: kitchen, living room, 2 bedrooms, full bath-currently rentable at $2,400/month combined with the finished basement, which has 2 rooms and a very spacious living room. Upper level: 3 bedrooms plus a spacious third-story loft-currently rentable at $2,100/month. Combined rents of $4,500/month ($54,000/year) generate an estimated cap rate of approx. 6.4%* at the $549,000 asking price. Bonus value-add: the fully finished basement already has its own separate entrance in place, offering excellent potential to convert into a third income unit (subject to municipal approval)-perfect for investors looking to maximize returns. Set your own rents! 3 parking spots at the rear. Located in family-friendly Eagle Place, steps to Grand River trails, walkable to schools (Princess Elizabeth PS, Jean Vanier Catholic Elementary), and served by Brantford Transit Route 12 right on Erie Ave. Minutes to downtown Brantford shops, restaurants & Laurier Brantford campus.Endless possibilities in this rare investment opportunity-don't miss out! Sold "As Is." All appliances "As Is."*Cap rate estimate based on est. 35% expense ratio; verify with actual tax/insurance figures. - ALL PICTURES HAVE BEEN VIRTUALLY STAGED

Amenities

  • Other

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.