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

 

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