16 Terrace Hill Street Brantford, Ontario N3R 1E9
$799,900
Welcome home to 16 Terrace Hill Street, a well maintained and updated 4-plex multi-unit investment property with a generous lot frontage that consists of one 3-bedroom unit, two 2-bedroom units, and one 1-bedroom unit. Set your own rents! Two units (units 3 & 4) have been completely redone (including plumbing & electrical) in 2023 and are vacant & ready for new tenants. The remaining two units are successfully leased with great tenants. Lower unit is equipped with laundry facility, Second floor unit has laundry provisions, main floor and third floor unit has no laundry. Laundry provisions roughed in at detached garage. A detached garage and Two driveways offer ample parking (7 spaces total). Updates include: Units 3 & 4 are completely renovated, 2nd & 3rd floor windows replaced (2023), Hydro updated June 2023 to separate panels, Waterlines replaced (2023), Carrier HVAC updated (approx 2015) heats and cools main & lower units, Roof (2012/2021), Back deck (2021). Located in the family friendly neighbourhood of Terrace Hill neighbourhood, close to excellent schools, public transit, shopping and all amenities! Incredible opportunity for a turn key investment at 6.8% cap rate! (id:29966)
Property Details
| MLS® Number | 40472025 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Public Transit, Schools, Shopping |
| Equipment Type | Water Heater |
| Parking Space Total | 7 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 8 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | Ductless, Wall Unit |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 3 |
| Size Interior | 2256 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 150 Ft |
| Size Frontage | 60 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R4b (24u), Rc |
https://www.realtor.ca/real-estate/26012786/16-terrace-hill-street-brantford
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September 22 2023 07:51:25
Brantford Regional Real Estate Assn Inc
RE/MAX Escarpment Realty Inc.