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130 West Street Brantford, Ontario N3T 3G1

4 Bedroom 2 Bathroom 2789
Central Air Conditioning Forced Air

$599,900

Attention investors!! This solid investment is situated in a rapidly growing area, steps to the VIA train station and minutes from Wilfrid Laurier University, as well as Conestoga College and Downtown Brantford. The main level unit offers a ton of space providing an eat-in kitchen, large living room with hardwood flooring a bedroom and den area that could be utilized as a second bedroom. It also offers access to the wrap around porch and there's plenty of storage in the basement that also houses a laundry area. The upper level features two bedrooms, an eat-in kitchen, bathroom and upper loft area. This large duplex had a Retrofit completed on 2005 and the shingles just replaced in 2021. Income: Upper 2 bed + loft renting on a month to month basis for $1050 + gas + hot rental. Lower unit 1 bed plus den that could be second bedroom, renting for $1100 on a month to month basis (inclusive). Gross income $25,800. Expenses: Hydro $2673, Water 1172, Gas (lower unit) $1462,Water Heater rental (lower unit) $408, Insurance $1426, Property Taxes $3068.46. Totalling $10,209.46. Providing a net income of $15,590.54. There are two separate furnaces and two water tanks. Tenants are willing to stay if buyer prefers. There's been a recent surge of investors expanding their portfolios to include buildings in the immediate area. A great move for someone looking for an investment property or someone looking for an affordable place to live while acquiring extra income from a rented unit to help pay for expenses. The tenants have verbally agreed to pay more rent at the beginning of October: Upper unit $1500 per month, Lower unit $1250 per month..Providing an extra $7,200.00 per year (id:29966)

Property Details

MLS® Number 40299893
Property Type Multi-family
Amenities Near By Hospital, Park, Public Transit
Community Features High Traffic Area
Equipment Type Water Heater
Features Corner Site, Park/reserve
Parking Space Total 3
Rental Equipment Type Water Heater
Structure Porch

Building

Bathroom Total 2
Bedrooms Total 4
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1900
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick, Other
Fire Protection None
Fixture Ceiling Fans
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 2789
Type Duplex
Utility Water Municipal Water

Land

Acreage No
Fence Type Partially Fenced
Land Amenities Hospital, Park, Public Transit
Sewer Municipal Sewage System
Size Depth 68 Ft
Size Frontage 66 Ft
Size Total Text Under 1/2 Acre
Zoning Description Rc

https://www.realtor.ca/real-estate/24779112/130-west-street-brantford

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