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Caroline Marshall

carolinesellsmuskoka@gmail.com +1(705) 388-1792

$ 659,999

Est. payment -/mo

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220 Nelson ST Brantford, ON N3S 4C1

4 Beds

3 Baths

2,267 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,267 sqft

Price per Sqft $291

MLS Listing ID 40794874

Bedrooms 4

Abv Grd Liv Area 2,267

Annual Tax Amount $3,857

Property Sub-Type Multi-3 Unit

Source Brantford

Property Description

Legal triplex in Brantford offered at $659,000 with a strong 6.7% cap rate. Excellent income profile with projected annual income of $57,654.72 and net income of $44,284.74. Ideal opportunity for investors seeking solid cash flow with quality tenants already in place. Garage income projected at $300 per month adds further upside potential. Extensive capital improvements have been completed. In 2021 Unit 1 underwent a full renovation including a modern kitchen with new flooring, cabinetry, stainless steel appliances, and quartz countertops. The bathroom was fully updated with new flooring, toilet, reglazed tub, tiled surround, and new plumbing fixtures. Six new windows were installed and electrical wiring was updated with a new panel. The laundry room was fully upgraded in 2021 with new wiring, plumbing for a laundry sink, new appliances, new doors, new window, and a newly enclosed basement entry. In 2023 all four electrical meters were replaced and relocated. In 2024 Unit 3 received a full bathroom renovation with new flooring, toilet, vanity, and shower enclosure. Additional upgrades included new flooring throughout the kitchen and living room, fresh paint, new light fixtures, and updated kitchen appliances, countertop, sink, and faucet. Unit 2 received a new refrigerator and new bathroom window in 2024. Well maintained building with strong mechanical updates and continued care. Prime location close to amenities, transit, and major routes. Turnkey multi residential investment with stable income and future growth potential.

Location

Province ON

County Brantford

Area 2040 - Terrace Hill/E & N Wards

Zoning RC

Direction Murray St to Nelson St

Rooms

Basement Partial, Partially Finished

Kitchen 0

Interior

Interior Features None

Heating Radiant

Cooling None

Fireplace No

Appliance Microwave, Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Parking Features Detached Garage

Garage Spaces 2.0

Roof Type Asphalt Shing

Lot Frontage 50.07

Lot Depth 95.05

Garage Yes

Building

Lot Description Rectangular, Hospital, Library, Park, Place of Worship, Public Parking, Quiet Area, Schools

Faces Murray St to Nelson St

Story 2

Foundation Stone

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick

New Construction No

Others

Senior Community false

Tax ID 321370360

Ownership Freehold/None

Virtual Tour https://sites.ground2airmedia.com/videos/019c8e64-fe68-7196-8481-8482ce019275?v=169

Listed by Century 21 Heritage House Ltd

NEARBY SCHOOLS & PROPERTIES

Caroline Marshall

+1(705) 388-1792

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