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Brantford,ON N3S 3L6
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,145 sqft
Price per Sqft $300
MLS Listing ID 40672550
Style Two Story
Bedrooms 1
Full Baths 1
Annual Tax Amount $3,479
Property Description
AFFORDABLE HOUSING! This is a triplex. If you have a client that wants to live in this building in unit 1, the rents from the other 2 tenants will pay the whole mortgage!!! The buyer can legally issue an N11 to the tenant in unit 1 informing them he is moving into that apartment.
$50 k down leaves a $600k mortgage payment of ($600k x$5/ $1000 (4%) $3000). The rents from the other 2 apt are $1333 and $1600. That's $2933 to pay the mortgage. The tenants pay their own utilities. So the buyers monthly cost is Insurance and Taxes.
You cant get more affordable than that.
Also the back apt was just renovated in 2024. 2 of the gas furnaces were just put in in 2023 and 2024.
Location
Province ON
County Brantford
Area 2040 - Terrace Hill/E & N Wards
Zoning RC
Rooms
Other Rooms None
Kitchen 1
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Exterior
Garage Asphalt,Mutual/Shared
Waterfront No
Roof Type Asphalt Shing
Building
Lot Description Urban,Rectangular,Hospital,Shopping Nearby
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No