$769,999

For saleJust listed

19 MEMORIAL Drive, Brantford - Multi-family for Sale

19 MEMORIAL Drive, Brantford, Ontario, N3R7T2

4 beds2 baths4 parking2,180 ft²6,970 sq ft (0.16 ac) lot sizeListed Today

Overview

This multi-family property in Brantford is for sale offering roughly 2,180 sq ft of space. It has been on the market 0 days, fresher than the Brantford average of 64 days.

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Description

Rare North End Opportunity - Updated Side-by-Side Duplex! Attention investors and buyers looking for an excellent income-generating opportunity! Ideally located in a desirable North End neighbourhood, this well-maintained side-by-side duplex offers two spacious units. each featuring 2 bedrooms, 1.5 bathrooms, separate utilities and its own laundry. Numerous updates throughout the property along with an updated, fully fenced yard and a large driveway offering ample parking. Brand new roof and windows throughout the property. This property is in a prime location, conveniently situated close to parks, schools, transit and all major amenities. A fantastic opportunity for investors to add to their portfolio or for buyers looking to live in one unit while generating rental income from the other. A rare find in a sought-after location with plenty of potential! (id:66096)

Property Details

MLS®: 40876422
Property Type: Multi-family
Zoning: I2, R2, RHD (236U/10H)
Bedrooms: 4
Bathrooms: 2
Parking: 4
Interior Size: 2,180 ft²
Lot Size: 6,970 sq ft (0.16 ac)
Frontage: 65 ft
Units: 2
Year Built: 1988
Storeys: 2
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Ownership: Freehold
Property Tax: $5,008/yr
Listed

Features

Foundation: Poured Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Brantford listings, avg age

64d

Price / ft²

$353

List price

$770K

Homes here sell faster than most markets

Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 4-bed multi-family in Brantford has been listed for 0 days, which is 64 days fresher than the city average of 64. Act while there is still low competition.

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Listed by Royal LePage Action Realty · Wes Consorti

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3R)

This home lists at $769,999, about 9.3× the local median household income of $83,000.

Carrying it typically needs a household income of about $150,408 (20% down, 25-yr amortization, stress-tested) — roughly 81% above the area median.

Median household income: $83,000
Population: 35,858
Median age: 45.6
Owner / renter: 71% / 30%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N3R)

$769,999· $353/ft²

For sale

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Full Cost Breakdown

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Down Payment6.75% · $51,999.90

Min 6.75%50%

Mortgage payment$3,981/mo

↳ CMHC premium ($28,720 capitalized)

Property tax (est.)$417/mo

Total monthly$4,398

Cash Needed to Close

Down payment (6.75%)$52,000

Land transfer tax$11,875

Est. closing costs$4,810

Total cash needed$68,685

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