$348,900

$367,900For salePrice drop↓ $19,000 (5%)

103 QUEEN Street, Brantford - Multi-family for Sale

103 QUEEN Street, Brantford, Ontario, N3T3C1

3 beds2 baths1 parking1,175 ft²2,614 sq ft lot sizeListed 44 days ago

Overview

This multi-family property in Brantford is for sale offering roughly 1,175 sq ft of space. It has been on the market 44 days, fresher than the Brantford average of 63 days.

Multi-Family Properties for Sale in Brantford →All real estate in Brantford →

Description

Welcome to 103 Queen Street, conveniently located in Brantford’s downtown core. This front-to-back duplex offers a great opportunity to live in one unit while generating rental income from the other to help offset your mortgage. The property features two self-contained units: a 2-bedroom front unit and a vacant 1-bedroom rear unit, each with separate hydro, heat and water. The front unit includes in-suite laundry and is currently occupied by a month-to-month tenant. Close to shopping, public transit, schools, parks and Wilfrid Laurier University. Whether you’re looking to enter the real estate market or add another property to your portfolio, this duplex offers flexibility and income potential in a convenient location. (id:66096)

Property Details

MLS®: 40863914
Property Type: Multi-family
Zoning: NLR
Bedrooms: 3
Bathrooms: 2
Parking: 1
Interior Size: 1,175 ft²
Lot Size: 2,614 sq ft
Frontage: 33 ft
Units: 2
Storeys: 1
Basement: Unfinished, Partial
Heating: Forced air, Electric, Natural gas
Cooling: None
Garage: Open
Ownership: Freehold
Property Tax: $2,584.07/yr
Listed: 44 days ago

Features

Foundation: Stone
Exterior: Other, Brick Veneer
Lot Features: Paved driveway, Shared Driveway

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Brantford listings, avg age

63d

Price / ft²

$297

List price

$349K

Haho

This 3-bed multi-family in Brantford has been listed for 44 days, which is 19 days fresher than the city average of 63. Act while there is still low competition.

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Listed by Advantage Realty Group (Brantford) Inc. · Isabel Marques

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3T)

This home lists at $348,900, about 4.1× the local median household income of $86,000.

Carrying it typically needs a household income of about $68,152 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $86,000
Population: 37,406
Median age: 38.8
Owner / renter: 66% / 34%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N3T)

$348,900· $297/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,445

Min 5%50%

Mortgage payment$1,838/mo

↳ CMHC premium ($13,258 capitalized)

Property tax (est.)$215/mo

Total monthly$2,053

Cash Needed to Close

Down payment (5%)$17,445

Land transfer tax$3,709

Est. closing costs$3,547

Total cash needed$24,701

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