Property Information:
Great time to get into the market. The interest rates are coming down. Investment opportunities like this don't come along every day! Well maintained Triplex in great Terrace Hill location. Based on current numbers this property offers a 6.4% Cap rate. This property sits on a 264 deep lot, tons of parking and an additional income source with 3 permitted sea cans with hydro (Great additional income source and a great benefit to tenants) Spacious main floor unit could easily be converted to a 2 bedroom unit. Down stairs unit is also a great size and could potentially be used as a 2 bedroom. Upper unit is vacant which allows you to choose your own tenants and set your own rents. All units have separate hydro meters. Main floor unit is owner occupied, Owner would like to stay and negotiate a fair rent, but is also willing to vacate. Basement tenant paying 1400 plus hydro. This is a fantastic property with tons of upside potential. Close to all amenities, easy 403 access and walking distance to the Brantford General Hospital and Brant County Health unit.
Inclusions: None
Exclusions : Tenants Belongings
Building Features:
-
Floor Space:
2763 Square Feet
