RENOVATED FOURPLEX on DEEP LOT & DETACHED 2.5 CAR GARAGE. Market Rents with 6% Cap rate. Tenants pay Heat & Hydro, Landlord pays water only. NEW Interiors, Electrical, Plumbing, Heating, & Kitchens, Flooring, Appliances (including washers and dryers). Turnovers would simply be a clean and fresh paint. Approx $220k in upgrades. Welcome to 152 Terrace Hill Street, North Ward, Brantford. This property, meticulously renovated, offers a lucrative investment opportunity. With potential for a 5th unit addition and existing plans, it features 3-1 bedroom and 1-2 bedroom units, each self-contained with tenants handling expenses except water, ensuring robust cash flow. Recent upgrades include individual hot water tanks, heating systems, stainless steel appliances, washers/dryers, and basement waterproofing. A detached 2-1/2 car garage adds rental potential. Ideal for savvy investors seeking a turnkey property in a thriving rental market. Situated near hospitals, schools, university, shopping, parks, and bus routes, plus easy access to HWY 403, ideal for commuters. Situated near hospitals, schools, university, shopping, parks, and bus routes, plus easy access to HWY 403,ideal for commuters. (id:51532)
Tags
Property Summary
Property Type
Single Family
Building Type
Apartment
Storeys
2
Square Footage
2115.0000
Subdivision Name
2041 - Terrace Hill
Title
Freehold
Land Size
under 1/2 acre
Built in
1890
Parking Type
Detached Garage
Building
Bedrooms
Above Grade
4
Below Grade
1
Bathrooms
Total
5
Interior Features
Appliances Included
Dryer, Refrigerator, Washer, Gas stove(s), Hood Fan, Window Coverings
