219 Erie Avenue Brantford, Ontario N3S 2H1

5 Bedroom 2 Bathroom 2,500 - 3,000 sqft
Fireplace None Forced Air

$549,000

Welcome to 219 Erie Ave in Brantford's sought-after Eagle Place! This massive 3,000+ sq ft duplex offers two self-contained units, each with a separate entrance and separate hydro meter-ideal for investors or owner-occupiers.Main level: kitchen, living room, 2 bedrooms, full bath-currently rentable at $2,400/month. Upper level: 3 bedrooms plus a spacious third-story loft-currently rentable at $2,100/month. Combined rents of $4,500/month ($54,000/year) generate an estimated cap rate of approx. 6.4%* at the $549,000 asking price.Bonus value-add: the fully finished basement already has its own separate entrance in place, offering excellent potential to convert into a third income unit (subject to municipal approval)-perfect for investors looking to maximize returns. Set your own rents!3 parking spots at the rear. Located in family-friendly Eagle Place, steps to Grand River trails, walkable to schools (Princess Elizabeth PS, Jean Vanier Catholic Elementary), and served by Brantford Transit Route 12 right on Erie Ave. Minutes to downtown Brantford shops, restaurants & Laurier Brantford campus.Endless possibilities in this rare investment opportunity-don't miss out! Sold "As Is." All appliances "As Is."*Cap rate estimate based on est. 35% expense ratio; verify with actual tax/insurance figures. - ALL PICTURES HAVE BEEN VIRTUALLY STAGED (id:66349)

Property Details

MLS® Number X13533150
Property Type Multi-family
Equipment Type Water Heater
Parking Space Total 3
Rental Equipment Type Water Heater

Building

Bathroom Total 2
Bedrooms Above Ground 5
Bedrooms Total 5
Appliances All
Basement Development Finished
Basement Type Full (finished)
Cooling Type None
Exterior Finish Brick Facing
Fireplace Present Yes
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Size Interior 2,500 - 3,000 Sqft
Type Duplex
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 115 Ft
Size Frontage 37 Ft ,1 In
Size Irregular 37.1 X 115 Ft
Size Total Text 37.1 X 115 Ft

https://www.realtor.ca/real-estate/30000295/219-erie-avenue-brantford

Contact Us

Contact us for more information

Generating Captcha

Your Favourites

 

No Favourites Found