Active
24 Duke Street
Brantford ON, N3T 3T4
C$675,000
C$269.57 per sqft
Active
5 Beds
4 Baths
2,504 sqft
Multi-family
Investment Opportunity: Fully Rented Turnkey Income Property! Featuring four units, two of which have been recently updated. The property boasts a respectful tenant profile and currently generates an impressive gross income of $59,004 annually from residential units alone. Additionally, there is potential income from a coin-operated washer and dryer, estimated at approximately $1,800 per year. This property also offers the opportunity to rent out a detached two-car garage with a loft area, which was previously leased for $200 per month, providing further income potential. Key Updates: Roof replacement in 2020, Garage roof/eaves updated in 2022, 2 new furnaces in 2022, On-demand hot water tank in 2023, Unit 1: Main bath shower/bathtub surround updated in 2023; macerating toilet installed in lower bathroom in 2022, Unit 2: Kitchen flooring updated in 2022, Common area flooring and paint refreshed in 2022, Main home eavestroughs replaced in 2022. The property offers convenient parking for three vehicles in the driveway, along with space for two additional vehicles in the garage. This well-maintained income property presents a solid investment opportunity with reliable cash flow and room for growth. Don't miss the chance to add this asset to your portfolio.
40658007
MLSⓇ ID
October 3, 2024
Listed
October 4, 2024
Updated
Map
24 Duke Street
Brantford ON, N3T 3T4
Interior Features
Total Stories
2
Bedrooms
5
Total Bathrooms
4
Appliances
Instant Hot Water, Refrigerator, Stove
Laundry Description
Coin Operated
Fireplace
No
Cooling
No
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air, Natural Gas
Exterior/Building Features
Lot Features
Irregular Lot, Place of Worship, Public Transit
Roof
Asphalt Shing
Sewer
Sewer (Municipal)
Other Property Details
Area Name
2040 - Terrace Hill/E & N Wards
Taxes
$4,236
Tax Frequency
Annually
Garage
No
Parking Total
5
View
No
County
Brantford
Water Source
Municipal
Pool
No
Zoning
RC