This is a fire rated brick triplex. Unit 1 is rented for $777. A new gas furnace was installed in 2023. It is a long term tenant and the market rent would be $1500. It is the main floor of the original house. Unit 2 is rented for $1333; it is a 2 bed with a balcony. The bathroom was redone about 3 years ago with an oversized shower. It is the total upstairs of the main house. Unit 3 is on the main floor of an addition to the back of the house. it has a covered porch and access to half of the back yard. The unit was totally renovated in 2024 ceiling to floor plus a new f/a gas furnace and central air. I have used a projected rent of $1600. Note: Tenants pay all utilities, gas, hydro and water (separate meters). rent $44450 less costs Taxes $3479, insurance $3000 and water heater rentals $432.n Tot Expense $6911. Net Income $37609 5.85 CAP RATE. (id:4069)
| Address |
81 EAST Avenue |
| List Price |
$644,900 |
| Property Type |
Multi-family |
| Type of Dwelling |
Triplex |
| Area |
Ontario |
| Sub-Area |
Brantford |
| Bedrooms |
4 |
| Bathrooms |
3 |
| Floor Area |
2,145 Sq. Ft. |
| Lot Size |
0.14 Sq. Ft. |
| MLS® Number |
40665417 |
| Listing Brokerage |
Royal LePage Action Realty
|
| Basement Area |
Partial (Unfinished) |
| Postal Code |
N3S3L6 |
| Zoning |
rc |
| Site Influences |
Hospital, Public Transit |
| Features |
Paved driveway |
