220 NELSON Street, Brantford, Ontario, N3S4C1
MLS: 40794874 | Triplex (Freehold)
$659,999
Property Description
Legal triplex in Brantford offered at $659,000 with a strong 6.7% cap rate. Excellent income profile with projected annual income of $57,654.72 and net income of $44,284.74. Ideal opportunity for investors seeking solid cash flow with quality tenants already in place. Garage income projected at $300 per month adds further upside potential. Extensive capital improvements have been completed. In 2021 Unit 1 underwent a full renovation including a modern kitchen with new flooring, cabinetry, stainless steel appliances, and quartz countertops. The bathroom was fully updated with new flooring, toilet, reglazed tub, tiled surround, and new plumbing fixtures. Six new windows were installed and electrical wiring was updated with a new panel. The laundry room was fully upgraded in 2021 with new wiring, plumbing for a laundry sink, new appliances, new doors, new window, and a newly enclosed basement entry. In 2023 all four electrical meters were replaced and relocated. In 2024 Unit 3 received a full bathroom renovation with new flooring, toilet, vanity, and shower enclosure. Additional upgrades included new flooring throughout the kitchen and living room, fresh paint, new light fixtures, and updated kitchen appliances, countertop, sink, and faucet. Unit 2 received a new refrigerator and new bathroom window in 2024. Well maintained building with strong mechanical updates and continued care. Prime location close to amenities, transit, and major routes. Turnkey multi residential investment with stable income and future growth potential. (id:64974)
Quick Facts
- Property Type: Triplex (Freehold)
- Bedrooms: 4
- Bathrooms: 3
- Living Area: 2,267 sq ft (210.6 m²)
- Above Grade: 2,267 sq ft (210.6 m²)
- Ownership: Freehold
- Attached: Yes
- Parking: 5.0 spaces (Detached Garage, Open)
- Frontage: 50 ft (15.2 m)
Costs
- Annual Taxes: $3,857.91
Listing Provided by: Century 21 Heritage House Ltd
Board: Brantford Regional Real Estate Assn Inc
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Radiant heat
- Cooling: None
- Basement: Partially finished, Partial
- Appliances: Microwave
Exterior & Construction
- Exterior: Brick
- Foundation: Stone
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Frontage: 50 ft (15.2 m)
- Zoning: RC
Community & Neighbourhood
- Community: Quiet Area
- Subdivision: 2045 - East Ward
Listing Information
Listing History
MLS listing activity for 220 NELSON Street, Brantford, Ontario, N3S4C1 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Mortgage & Cost Calculators
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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220 NELSON Street, Brantford, Ontario, N3S4C1