$599,000

For sale

8 VICTORIA Street, Brantford - Multi-family for Sale

8 VICTORIA Street, Brantford, Ontario, N3S3J7

5 beds4 baths7 parking2,476 ft²Listed 53 days ago

Overview

This multi-family property in Brantford is for sale offering roughly 2,476 sq ft of space. It has been on the market 53 days, fresher than the Brantford average of 63 days.

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Description

**FULLY VACANT TRIPLEX FOR SALE IN HEART OF BRANTFORD WITH A DETACHED DOUBLE CAR GARAGE** Welcome to 8 Victoria Street, an exceptional income-generating triplex ideally located. Enjoy convenient access to schools, shopping, restaurants, public transit, and Highway 403, making this an attractive location for tenants. This well-maintained property features three self-contained units, including two 1-bedroom 1-bathroom units and one spacious 3-bedroom 1.5-bathroom unit, offering strong rental income with additional potential to generate revenue by leasing the detached double car garage. The units have been updated and are turnkey, ready for you to lease. Rear deck with a pergola, nice mature trees. Whether you’re looking to expand your investment portfolio or purchase your first multi-family property, this turnkey opportunity offers excellent cash-flow potential in a desirable Brantford location. Don’t miss your chance to own this fantastic income property! (id:66096)

Property Details

MLS®: 40862810
Property Type: Multi-family
Zoning: RC
Bedrooms: 5
Bathrooms: 4
Parking: 7
Interior Size: 2,476 ft²
Frontage: 42 ft
Units: 3
Storeys: 2
Basement: Unfinished, Partial
Heating: Forced air, Natural gas
Cooling: None
Garage: Detached Garage
Ownership: Freehold
Property Tax: $3,656/yr
Listed: 53 days ago

Features

Foundation: Block
Exterior: Brick, Aluminum siding

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

53d

Brantford listings, avg age

63d

Price / ft²

$242

List price

$599K

Haho

This 5-bed multi-family in Brantford has been listed for 53 days, which is 10 days fresher than the city average of 63. Act while there is still low competition.

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Listed by Re/Max Twin City Realty Inc. · Victoria Cairo

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3S)

This home lists at $599,000, about 8.7× the local median household income of $68,500.

Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 71% above the area median.

Median household income: $68,500
Population: 27,527
Median age: 39.2
Owner / renter: 61% / 39%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N3S)

$599,000· $242/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,900

Min 5.83%50%

Mortgage payment$3,127/mo

↳ CMHC premium ($22,564 capitalized)

Property tax (est.)$305/mo

Total monthly$3,432

Cash Needed to Close

Down payment (5.83%)$34,900

Land transfer tax$8,455

Est. closing costs$4,297

Total cash needed$47,652

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