135 Sherwood Drive, Brantford, ON N3T 1N8

$689,000
: 5
BD
: 4
BA
: 2,500
SqFt

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List Price: $689,000
MLS#: X13654870
Status: ACTIVE
Type: Multifamily
SubType: Fourplex
Style: 2-Storey
Bedrooms: 5
Bathrooms: 4
Living Area: 2500-3000
Province: ON
Municipality: Brantford
Area: Brantford
Subdivision: Colborne St W/Sherwood Dr

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Property Description

Fully tenanted 4-plex in the heart of Brantford presents a strong investment opportunity with multiple revenue streams. In addition to the 4 rental units, the property includes a 749 sqft. detached garage generating extra revenue as storage to 1 tenant. The property has a wide 100ft frontage providing for a possible severance zoned to accommodate a semi-detached building. This could possibly create 4 additional units. The garage has its own electricity meter and gas for heat and is also able to finished into another residential unit. The house has 4 rental units: Three 1-bedroom/1-bath and one 2-bedroom+ den/1-bath. The building has Coin-operated laundry facilities and ample parking for tenants having enough room for 20+ vehicles. Gas furnace provides heating while 3 water heaters service the different units. Another key factor of this property is the opportunity to rezone all of it- if you were to demolish the building the zoning would change from the grandfathered residential into commercial. With its combination of residential income and commercial/development potential, this property is a perfect addition to any investment portfolio.

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Additional Information

Taxes: $4,865
Heat Type: Forced Air
Heat Source: Gas
Air Conditioning: None
Kitchens: 4
Exterior: Brick
Garage Spaces: 4
Garage Type: Detached
Pool: None
Parking Spaces: 29
Parking Type: RV/Truck, Private