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Isaac Rosebrugh

isaac@inspiredbroker.com +1(519) 754-6611

$469,900

Est. payment - /mo

3 Baths

2,184 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,184 sqft

Price per Sqft $215

MLS Listing ID 40812729

Abv Grd Liv Area 2,395

Year Built 1880

Annual Tax Amount $3,288

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Multi-3 Unit

Source Brantford

Property Description

13 Sheridan Street is a classic piece of Brantford history that has stood the test of time since 1880. This aluminum-sided triplex is located in a great spot where tenants can easily walk to shops, parks, and city bus routes. Each of the three units has 2 bedrooms, which is a popular size for people looking to live in this busy area. This property is a steady performer that is already making money for its owner with a solid 4% cap rate. The building is set up to help keep the owner's job simple. The units have their own separate hydro meters. One unit uses gas heat while the other two use electric heat. The middle unit currently has its utilities included in the rent, and the landlord pays for the hot water heaters. This setup provides a mix of predictable income and established management that works well for a local investor. Because it is so close to downtown, it is easy to keep these units filled. The property comes with long-term tenants who have lived there for a while, providing a very steady start for a new owner. If you are looking for an investment that is already up and running in a convenient location, 13 Sheridan Street is a great choice. It is a straightforward way to grow your portfolio in a part of the city that people always need. Come see how this reliable property can work for you.

Location

Province ON

County Brantford

Area 2040 - Terrace Hill/E & N Wards

Zoning NLR

Rooms

Basement Partial, Unfinished

Kitchen 0

Interior

Interior Features None

Heating Electric, Forced Air, Natural Gas

Cooling None

Fireplace No

Laundry None

Exterior

Parking Features Gravel

Fence Full

Roof Type Asphalt Shing

Lot Frontage 35.0

Lot Depth 132.0

Garage No

Building

Lot Description City Lot, Hospital, Library, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, Schools, Shopping Nearby

Story 2

Foundation Brick/Mortar, Stone

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Aluminum Siding

New Construction No

Others

Senior Community false

Tax ID 321410049

Ownership Freehold/None

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Listed by Royal LePage Action Realty

NEARBY SCHOOL & BUSINESS

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Isaac Rosebrugh

+1(519) 754-6611

REALTOR®

13 Sheridan Street Brantford, ON N3T 2P7

Isaac Rosebrugh

Key Details

Location

Rooms

Interior

Exterior

Building

Others