$2,485,000

22-24 Bond Street

Brantford ONTARIO, N3R 4G5

Description

Fabulous investment opportunity to own a 10 Unit Townhome Complex. This complex has been condominiumized with 10 separate titles (currently run as rental units). Each unit has 1097 sq ft, Kitchen, Living Room, Dining Room, Powder Room, 3 Bedrooms, a 4 Piece Main bathroom and a Rec Room on lower level. Each unit has a 1 car garage plus a driveway space. All units currently tenanted. Tenant pays utilities. Perfectly located close to parks, Public Transit, Shopping and Brantford General Hospital. Amazing opportunity to renovate and re-rent as tenants turnaround. Projected future rents with cosmetic renovations of $1800 each unit which would result in $78,040 NOI increase resulting in a $2.9M to $3M valuation! Buyer to complete own due diligence with regards to condo status and future use as condos. Building is being run as rental units. Dont miss this great chance to own this outstanding opportunity.

Details

MLS#H4064938
Sub-TypeResale
StatusActive
Days On Site15

Features

SQ Feet1,097
Units10
Building(s)1

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Area Information

ProvinceOntario
CountyBrantford
CityBrantford
Postal CodeN3R 4G5
AreaBrantford
Listing VS Median (in N3R 4G5)
Price:
$2,485,000
low | high
Med:
$2,485,000
50% of Average
SqFt:
1,097
low | high
Med:
1,097
50% of Average
$ / SqFt:
$2,265
low | high
Med:
$2,265
50% of Average
On Site:
15
low | high
Med:
15
100% of Average
Listing Updated: 10/16/2019
MLS Number: H4064938
Listing Provided By:
Cam McCarroll  of  Keller Williams Complete Realty
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Hamilton-Burlington.