135 SHERWOOD Drive
Brantford, Ontario
MLS® 40854400
$689,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 40854400
- Bedrooms
- 5
- Bathrooms
- 4
- Year built
- 1881
1 / 47Listing 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.
Property summary
- MLS® number
- 40854400
- Property type
- Multi-family
- Building type
- Fourplex
- Square footage
- 2,731 sq ft
- Title
- Freehold
- Built in
- 1881
- Annual property taxes
- $4,865.00
- Parking
- 29 spaces · Detached Garage
- Days on market
- 40 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Basement
- Unfinished, Partial
- Exterior features
- Brick
- Lot features
- Crushed stone driveway, Laundry- Coin operated
What would this home cost you?
Based on the $689,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Rock Star Real Estate Inc., Oakville.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.