39
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$999,900
Est. payment /mo
3,467 SqFt
New
254 Brant AVE Brantford, ON N3T 3J5
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,467 sqft
Price per Sqft $288
MLS Listing ID X12078405
Building Age 100+
Annual Tax Amount $7,198
Tax Year 2024
Property Sub-Type Investment
Property Description
Attention investors. Welcome to 254 Brant Ave, featuring an all brick building with 3467 sq. ft. of finished space. 2 separate ground floor commercial units (1 lease). Each unit has a 2 piece washroom, and shareable common lunchroom. Gross monthly rent $3109.00. Upstairs, three updated 1 bedroom apartments. Monthly rent $850.00, $1000.00, $1435.00. Gross monthly income $76,728.00. Expenses: Gas $3044.49, hydro $3106.33, water $926.32, building insurance $1894.00, property taxes $7189.00. Total expenses $16,160.14. Net operating income $60,567.86. Cap rate 6.1%. Beautifully maintained, fully leased mixed use commercial building located on one of Brantford's main arterial roads. Commercial unit has separate entrances in the rear and on the side. Paved parking with 7 spaces. Long term, excellent tenants provide a steady income stream and make this a great investment. This building is in pristine condition and would make an excellent addition to your property portfolio.
Location
Province ON
County Brantford
Area Brantford
Zoning C4
Interior
Cooling Yes
Inclusions carbon monoxide detector, smoke detector, window coverings
Exterior
Utilities Available Available
Lot Frontage 69.7
Listed by ROYAL LEPAGE ACTION REALTY