Attention investors. Welcome to 254 Brant Ave. Featuring, an all brick building with 3467 sq. ft. of finished space. 2 separate ground floor commercial units (1 Lease), each unit has a 2 piece washroom, and shareable common lunchroom. Gross monthly rent $3109. Upstairs, three updated 1 bedroom, 1 bathroom apartments. Monthly rent $850.00, $750.00, $1450.00. Gross income $73,908.00, Expenses: Gas $3044.49, hydro $3106.33 water $926.32, building insurance $1894.00 Property taxes $7189.00. Total expenses $16,160.14. net operating income $57,747.86. Cap rate of 5.2% Beautifully maintained, fully rented, mixed use commercial building located on one of Brantford's main arterial roads. Commercial unit has separate entrances on the back and the side. Paved parking with 7 spaces. Long term, excellent tenants provide a steady stream of income and make this a great investment. This building is in pristine condition and would make an excellent addition your property portfolio.
MLS# | 40668634 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Days On Site | 4 |
Listing Provided By | Royal LePage Action Realty | Lance Calbeck |
Bed(s) | 3 |
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Bath(s) | 5 |
SQ Feet | 3,467 |
Basement | Y |
Story(s) | 2 |
Units | 5 |
Zoning | C4 |
Province | ON |
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County | Brantford |
City | Brantford |
Postal Code | N3T 3J5 |
Area | 2028 Henderson | Holmedale |
Subarea | 2037 Lansdowne |
Community Name | 2037 Lansdowne |
Listing VS Median (in 2037 Lansdowne) | |
Price: $1,100,000 low | high Med: $999,950 SqFt: 3,467 low | high Med: 2,703 $ / SqFt: $317 low | high Med: $406 On Site: 4 low | high Med: 6.000000 |