81 East Avenue, Brantford
- Bedrooms: 1
- Bathrooms: 1
- Living area: 2145 square feet
- Type: Residential
- Added: 14 days ago
- Updated: 13 days ago
- Last Checked: 4 hours ago
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. (id:1945)
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Property DetailsKey information about 81 East Avenue
- Cooling: Central air conditioning
- Heating: Forced air, Natural gas
- Stories: 2
- Structure Type: House
- Exterior Features: Brick
- Foundation Details: Stone
- Architectural Style: 2 Level
- Property Type: Retrofitted Brick Triplex
- Number Of Units: 3
Interior FeaturesDiscover the interior design and amenities
- Basement: Unfinished, Partial
- Appliances: Washer, Refrigerator, Stove, Dryer
- Living Area: 2145
- Bedrooms Total: 1
- Above Grade Finished Area: 2145
- Above Grade Finished Area Units: square feet
- Below Grade Finished Area Units: square feet
- Above Grade Finished Area Source: Other
- Below Grade Finished Area Source: Other
- Unit 1: Current Rent: 4777, Market Rent: 1500, Floor: Main Floor (Original House), Furnace: New gas furnace installed in 2023, Tenant Status: Long-term tenant
- Unit 2: Current Rent: 1333, Bedrooms: 2, Features: Balcony, Bathroom: Redone with oversized shower (3 years ago), Floor: Total upstairs of the main house
- Unit 3: Projected Rent: 1600, Features: Covered porch, access to half of the backyard, Renovation: Totally renovated ceiling to floor in 2024, Furnace: New f/a gas furnace, Air Conditioning: Central air
Exterior & Lot FeaturesLearn about the exterior and lot specifics of 81 East Avenue
- Lot Features: Paved driveway, Shared Driveway
- Water Source: Municipal water
- Parking Total: 2
- Unit 3: Features: Covered porch, Access to half of the backyard
Location & CommunityUnderstand the neighborhood and community
- Directions: Colborne St E , right onto Park, left onto East.
- Common Interest: Freehold
- Subdivision Name: 2044 - Victoria/Arthur
Business & Leasing InformationCheck business and leasing options available at 81 East Avenue
- Unit 1: Current Rent: 4777, Market Rent: 1500
- Unit 2: Current Rent: 1333
- Unit 3: Projected Rent: 1600
Utilities & SystemsReview utilities and system installations
- Sewer: Municipal sewage system
- Tenants: Pay Utilities: Gas, Hydro, Water (Separate meters)
Tax & Legal InformationGet tax and legal details applicable to 81 East Avenue
- Tax Annual Amount: 3479
- Zoning Description: RC
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