110k+ Undervalued Corner Lot Massive Duplex in Brantford – ALL UTILITY METERES FULLY SEPARATE Assigned

  • $650,000
Assigned

This is your chance to purchase an undervalued property in one of the hottest real estate and growth markets in Ontario! In today’s real estate market, it is extremely rare to purchase a property with over 90k+ in built in equity on the buy, especially in a market like Brantford. Best of all, one unit is vacant upon possession and our company has successfully negotiated and have a fully executed cash-for-keys agreement and N11 signed by the main unit tenant to leave by April 30th, 2022. This means both units will be vacant and ready for turnover. As an added bonus, all utilities are separately metered; water, hydro AND gas! You do not want to miss this opportunity as your next BRRRR, short-term rental, buy and hold, or Flip project!

Take advantage of this brick and vinyl large corner unit duplex in Brantford ready for your strategic renovations. This gorgeous century duplex is walking distance to Moose Park, the gorgeous waterfront and is a close commute to  the Casino, grocery stores, Wilfrid Laurier University Brantford etc. Brantford is one of the fastest growing cities in Ontario with a population of over 100,000+ people, an in close proximity to many major cities such as Mississauga, Kitchener, Guelph etc.

Property Features:

  • Brick and vinyl house; vinyl siding approx. 5 years old per seller
  • Built 1885 (per MPAC)
  • Duplex
  • Zoning RC
  • Lot size: 71ftx102.5ft
  • Corner lot
  • Total Sqft:
    • Main unit: 1,023 sqft ; very large unit
    • Upper unit: 855 sqft
    • Basement unfinished 554sqft
  • Main unit:
    • 2 bed + 1 bath
    • Tenanted at $900 month + hydro + water + gas (tenant pays all utilities)
    • Company has gotten N11 and cash for keys form signed between landlord and tenant. $3,500 cash for keys; tenant to leave April 30, 2022
  • Upper unit:
    • 2 bed + 1 bath
    • Vacant
  • New roof November 2020 with warranty (See proof in Photo/video folder)
  • Laundry hookups for both units but no laundry machines (per seller)
  • 2 electrical meters
  • Plumbing is copper and PVC mostly per seller and visual inspection
  • Copper wiring, 100amp panels, updated approx. 2003 per seller
  • 2 water meters
  • 2 gas meters
  • 2 furnaced owned approx.. 2008 and 2013
  • Partial poured foundation and partial stone foundation per seller
  • Some mold in a specific area in the basement that needs to be remediated; by law officer didn’t note any foundational issues per conversation with them; moreover, some mold in the washroom. Likely due to very poor exterior water management systems
  • Basement height 6ft’4 approx (per seller)
  • 1 car detached garage
  • 3 Parking spots on side of house
  • Property tax approx. $2341.81

Comparable Sales:
21 Ruth St- $727,900 (Sold Jan 2022)
16 Webling St- $785,000 (Sold Feb 2022)
54 Walter St- $750,000 (Sold Jan 2022)
59 Mohawk St- $775,000 (Sold Dec 2021)

 

Price:
$650,000
Address:
Brantford
Terms:
Assignment of Contract
Property Type:
Duplex

Call 647-955-0843 for more details