$469,999

For sale

8 RUSSELL Street, Brantford - Multi-family for Sale

8 RUSSELL Street, Brantford, Ontario, N3R1Y7

5 beds2 baths1,181 ft²4,356 sq ft (0.10 ac) lot sizeListed 50 days ago

Overview

This multi-family property in Brantford is for sale offering roughly 1,181 sq ft of space. It has been on the market 50 days, fresher than the Brantford average of 64 days.

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Description

Renovated side-by-side units in Brantford's desirable Terrace Hill neighbourhood, offering flexibility and strong income potential for investors and owner-occupiers alike. Both self-contained units are vacant and move-in ready by September 1st. The front unit features 2 bedrooms and 1 bathroom, while the back offers 3 bedrooms and 1 bathroom, each finished with a modern white kitchen, updated bathroom, and quality flooring throughout. Water and electrical are separately metered for each unit. This is a turn-key opportunity to live in one unit while the other helps cover the mortgage, or to set your own rents from day one as a pure investment. Major capital upgrades are already done: metal roof (2024), electrical panel (2025), lighting (2022), flooring (2021) and attic insulation (2025). AC (2025), giving a buyer real peace of mind with minimal near-term capital risk. Ideally located within walking distance to shopping, transit, and amenities. The home is on a quiet street, backs onto Connaught Park, and offers its own backyard space with room for kids to play in both the front and backyard. Don't miss this rare opportunity to own a renovated, income-ready property in one of Brantford's most established neighbourhoods. (id:66096)

Property Details

MLS®: 40860323
Property Type: Multi-family
Zoning: NLR
Bedrooms: 5
Bathrooms: 2
Interior Size: 1,181 ft²
Lot Size: 4,356 sq ft (0.10 ac)
Frontage: 42 ft
Units: 2
Year Built: 1950
Storeys: 1
Basement: None
Heating: Forced air
Cooling: Central air conditioning
Ownership: Freehold
Property Tax: $2,568.12/yr
Listed: 50 days ago

Features

Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

50d

Brantford listings, avg age

64d

Price / ft²

$398

List price

$470K

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 5-bed multi-family in Brantford has been listed for 50 days, which is 14 days fresher than the city average of 64. Act while there is still low competition.

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Listed by Royal LePage Brant Realty · Valentina Pasquini

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3R)

This home lists at $469,999, about 5.7× the local median household income of $83,000.

Carrying it typically needs a household income of about $91,807 (20% down, 25-yr amortization, stress-tested) — roughly 11% 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)

$469,999· $398/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,499.95

Min 5%50%

Mortgage payment$2,475/mo

↳ CMHC premium ($17,860 capitalized)

Property tax (est.)$214/mo

Total monthly$2,689

Cash Needed to Close

Down payment (5%)$23,500

Land transfer tax$5,875

Est. closing costs$3,910

Total cash needed$33,285

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