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$799,000
Brant
11 Hart Street, Brant (Brantford Twp), Ontario, N3T3S9
This multi-family property in Brant is for sale offering roughly 2,750 sq ft of space. It has been on the market 27 days, fresher than the Brant average of 112 days.
Excellent investment opportunity at 9-11 Hart Street! This well-maintained triplex features a desirable unit mix of one one-bedroom, one two-bedroom, and one three-bedroom suite, offering an attractive 6.2% cap rate at the asking price. The property has benefited from extensive capital improvements, including a new roof with 50-year shingles (2020), significant interior renovations throughout all three units, updated kitchens, flooring, electrical improvements, masonry and exterior repairs, and plumbing upgrades. Additional improvements include central air conditioning at 11 Hart, exterior deck and stair upgrades, and ongoing mechanical maintenance. Each unit is separately metered for hydro, with the three-bedroom suite benefiting from dedicated basement laundry facilities. Offering a combination of strong in-place returns, substantial recent improvements, and a versatile unit mix, this property presents an attractive opportunity for investors seeking a stabilized multifamily asset with limited immediate capital requirements. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 27 days on market, against an average age of 112 days across the listings currently for sale in this city
This 5-bed multi-family in Brant (Brantford Twp) has been listed for 27 days, which is 85 days fresher than the city average of 112. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $799,000, about 9.3× the local median household income of $86,000.
Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 81% above the area median.
Source: Statistics Canada, 2021 Census (FSA N3T)
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Loading rates, 30-yr amortization
Cash Needed to Close
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