254 Brant Avenue, Brantford
- Bedrooms: 3
- Bathrooms: 5
- Living area: 3467 square feet
- Type: Commercial
- Added: 6 days ago
- Updated: 6 days ago
- Last Checked: 10 hours ago
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. (id:1945)
Property Details
- Cooling: Central air conditioning
- Heating: Forced air, Natural gas
- Stories: 2
- Structure Type: Fourplex
- Exterior Features: Brick
- Foundation Details: Block
- Address: 254 Brant Ave
- Building Type: All brick building
- Total Finished Space: 3467 sq. ft.
- Gross Income: $73,908.00
- Net Operating Income: $57,747.86
- Cap Rate: 5.2%
- Total Expenses: $16,160.14
Interior Features
- Basement: Unfinished, Partial
- Appliances: Window Coverings
- Living Area: 3467
- Bedrooms Total: 3
- Above Grade Finished Area: 3467
- Above Grade Finished Area Units: square feet
- Above Grade Finished Area Source: Other
- Commercial Units: Count: 2, Lease Status: 1 Lease, Washrooms: 2 piece washroom in each unit, Common Area: Shareable common lunchroom
- Residential Units: Count: 3, Type: 1 bedroom, 1 bathroom apartments, Monthly Rent: $850.00, $750.00, $1450.00
Exterior & Lot Features
- Lot Features: Paved driveway
- Water Source: Municipal water
- Parking Total: 7
- Parking: Paved parking with 7 spaces
- Entrances: Separate entrances for commercial unit on the back and the side
- Condition: Beautifully maintained, pristine condition
Location & Community
- Directions: St. Paul Ave to Brant Ave.
- Common Interest: Freehold
- Subdivision Name: 2037 - Lansdowne
- Community Features: High Traffic Area
- Road: Located on one of Brantford's main arterial roads
- Tenant Type: Long term excellent tenants
Property Management & Association
- Status: Fully rented
Business & Leasing Information
- Gross Monthly Rent: $3109
Utilities & Systems
- Sewer: Municipal sewage system
- Gas: $3044.49
- Hydro: $3106.33
- Water: $926.32
- Building Insurance: $1894.00
Tax & Legal Information
- Tax Annual Amount: 7186.86
- Zoning Description: C4
- Property Taxes: $7189.00
Additional Features
- Number Of Units Total: 5
- Investment Potential: Steady stream of income, great investment opportunity, excellent addition to a property portfolio
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