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About the Listing MIB239 - MI4181
Excellent opportunity to acquire a solid fourplex with positive cashflow and Approximately 7.1% Caprate with future upside. This detached, fully brick two-storey property with rear extension offers approximately 2,980 sq. ft. above grade, plus an unfinished basement, on a large 52 x 160 ft. lot. The building features four above-grade units, including two 2-bedroom units on the ground floor and two 1-bedroom units on the second floor. There is also a large shared storage room with potential to be converted into a common laundry area. The property includes separate hydro meters, 4 parking spots and has been professionally maintained previously. Current total rent is $64,707, with expenses of $13,084, resulting in net operating income of $51,623. Significant improvements have been completed in recent years, including a new furnace in 2025, updated kitchens, new flooring, painting, drywall repairs, bathroom renovations, and more. Large shared backyard that is fully fenced at the back, lots of potential for accessory or additional storage use. Very Close to Downtown to Wilfred Laurier University, Conestoga College, Casino, TD Civic Centre, Harmony Square, the Downtown Strip & More. Close to Bus-Stops, Laundromats, Parks, Trails, Schools, Library & More. One of the Best Multi-Residential Properties in the City Offering All Solid Fundamentals, Great to Add to Your Investment Portfolio
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances: Refrigerator, Stove
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2980
- Below Ground Sq Ft: n/a
- Basement: Partial,Unfinished
- Other: Separate Hydro Meters
- Water: Municipal
Exterior Details
- Lot Description: Rectangular,Park,Playground Nearby,Public Parking,Public Transit,Schools,Shopping Nearby
- Garage Capacity: N/A
- Parking Spaces: 4
- Lot Dimensions: 52 x 160
- Zoning: NLR (F9 A270 C40)
- Roof: Asphalt Shing
- Others: Private Entrance,Separate Hydro Meters
- Sewer: Sewer (Municipal)
- Parking Features: Street Parking Only,Asphalt
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 321370079
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
190 Sheridan St Brantford, ON N3S 4P8
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