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Multi-4 UnitMLS® 40854400

135 Sherwood Drive, Brantford ON N3T 1N8

Old West Brant, Brantford, N3T 1N8

$689,000

5Bedrooms
4Bathrooms
2,731Sq ft
29Parking
1881Year built
2Storeys
Multi-4 UnitType
29Days on market

The home

About this property

Fully tenanted 4-plex in the heart of Brantford presents a strong investment opportunity with multiple revenue streams. In addition to the 4 rental units, the property includes a 749 sqft. detached garage generating extra revenue as storage to 1 tenant. The property has a wide 100ft frontage providing for a possible severance zoned to accommodate a semi-detached building. This could possibly create 4 additional units. The garage has its own electricity meter and gas for heat and is also able to finished into another residential unit. The house has 4 rental units: Three 1-bedroom/1-bath and one 2-bedroom+ den/1-bath. The building has Coin-operated laundry facilities and ample parking for tenants having enough room for 20+ vehicles. Gas furnace provides heating while 3 water heaters service the different units. Another key factor of this property is the opportunity to rezone all of it- if you were to demolish the building the zoning would change from the grandfathered residential into commercial. With its combination of residential income and commercial/development potential, this property is a perfect addition to any investment portfolio.

Specifications

Property details

Property type

Residential Income

Lot

100 x 0

Taxes

$4,865 (annual)

Heating

Forced Air, Natural Gas

Cooling

None

Basement

Partial, Unfinished

Parking

29 total (4 garage)

Days on market

29

What's included

Features and amenities

Interior

Other

Lot

Irregular LotAirportAmple ParkingHighway AccessHospitalParkPublic ParkingPublic TransitSchoolsShopping Nearby

Where it sits

Location

Pin placed at the coordinates supplied by the MLS® System.

Listed by Matt James, Rock Star Real Estate Inc. (the Cornerstone Association of REALTORS®).

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Presented by Rebecca Dorey, Sales Representative, RE/MAX Solid Gold Realty (II) Ltd., Brokerage. Each office independently owned and operated.