Fully renovated duplex with separate utilities and exceptional income potential. Currently vacant, offering the perfect opportunity for investors to set their own rents or for owner-occupiers looking to live in one unit while having the second unit help pay the mortgage. Unit 1 features 3 bedrooms and 1 bathroom, while Unit 2 offers 2 bedrooms + den and 1 bathroom. With projected market rents, the property is estimated to generate just under $50,000 in gross annual income and over $46,000 net income with a 7.4% Cap Rate Notable updates include new plumbing, electrical and breaker panels. One furnace replaced in 2023. Roof and majority of windows approximately 8 years old. 3 bedroom unit features two brand new exterior doors, while remaining windows,doors and roof were updated approximately 8 years ago. Turn-key opportunity with strong cash flow potential and flexibility for investors or multi-generational living. (id:61445)
| MLS® Number | 40831389 |
| Property Type | Multi-family |
| AmenitiesNearBy | Public Transit |
| EquipmentType | Water Heater |
| RentalEquipmentType | Water Heater |
| BathroomTotal | 2 |
| BedroomsTotal | 5 |
| BasementDevelopment | Unfinished |
| BasementType | Partial (unfinished) |
| ConstructedDate | 1900 |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Metal |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 2060 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Municipal Sewage System |
| SizeDepth | 132 Ft |
| SizeFrontage | 32 Ft |
| SizeIrregular | 0.1 |
| SizeTotal | 0.1 Ac|under 1/2 Acre |
| SizeTotalText | 0.1 Ac|under 1/2 Acre |
| ZoningDescription | C7-2, Rc |
https://www.realtor.ca/real-estate/29797805/212-chatham-street-brantford
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Peter Ligori
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