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DESCRIPTION

Attention investors! 3,104 sq. ft. solid all brick commercial/residential duplex located on the Brantford business artery. Main floor convenience store (2,170 sq. ft.) and upstairs apartment (934 sq. ft.): 2 bedroom, 1 bathroom with separate entrance with newer laminate floor (2012), no carpet. Unfinished high ceiling basement with separate entrance for potential extra income. Total rents: $34,326.48/year, costs: $6,557.68/year, net income: $27,768.8/year, cap: 5.24%. Convenience store is leased at $1,760.54/month (5+5 year lease on the 4th year) + pay all utilities of the building; upper apartment is rented at $1,100/month (month to month). Landlord pays property tax ($5,318.92/year) and building insurance ($1,238.76/year). Only the property is for sale, convenience store business is not included but can be purchased separately.

KEY DETAILS
  • Price:
  • $529,900
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • 3,104
  • Acreage:
  • n/a
  • Listing #:
  • 30709283
  • Street Address:
  • 181 Brant Ave
  • City:
  • Brantford
  • State:
  • ON
  • Postal Code:
  • N3T 3T8
  • County:
  • Brantford
  • Area:
  • Terrace Hill/E & N Wards
  • Subdivision:
  • Downtown Core
  • Listing Status:
  • For Sale - Active

Building

  • Approximate Square Footage Range:
  • 3001 To 4000
  • Basement Description:
  • Separate Entrance
  • Dwelling Type:
  • Duplex - Up/Down
  • Has Basement:
  • 1
  • Interior Features:
  • Security System, Separate Hydro Meters
  • Siding:
  • Brick
  • Stories:
  • 2.0
  • Style:
  • 2 Storey
  • Total Building Square Footage:
  • 3104
  • Type Of Roof:
  • Asphalt Shingle, Flat

Land

  • Approximate Total Acres:
  • < 0.5
  • Lot Shape:
  • Irregular
  • Lot Size Side:
  • 71.21

Listing

  • Excluded:
  • Hot Water Heaters; Tenants Belongings; Convenience Store Business.

Structures

  • Garage Capacity:
  • 0.0
  • Parking Spaces:
  • 4

Systems

  • Cooling System:
  • Central Air
  • Existing Water:
  • Municipal
  • Heating:
  • Forced Air

Source

  • Listing provided by Royal Lepage Brant Realty
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NOTES

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