AFFORDABLE HOUSING! This is a triplex. If you have a client that wants to live in this building in unit 1, the rents from the other 2 tenants will pay the whole mortgage!!! The buyer can legally issue an N11 to the tenant in unit 1 informing them he is moving into that apartment. $50 k down leaves a $600k mortgage payment of ($600k x$5/ $1000 (4%) $3000). The rents from the other 2 apt are $1333 and $1600. That's $2933 to pay the mortgage. The tenants pay their own utilities. So the buyers monthly cost is Insurance and Taxes. You cant get more affordable than that. Also the back apt was just renovated in 2024. 2 of the gas furnaces were just put in in 2023 and 2024. (id:56069)
| MLS® Number | 40672550 |
| Property Type | Single Family |
| Amenities Near By | Hospital, Shopping |
| Features | Paved Driveway, Shared Driveway |
| Parking Space Total | 2 |
| Bathroom Total | 1 |
| Bedrooms Above Ground | 1 |
| Bedrooms Total | 1 |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| Architectural Style | 2 Level |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2,145 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Hospital, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rc |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | 11'0'' x 9'0'' | ||
| Main Level | Kitchen | 12'0'' x 12'0'' | ||
| Main Level | Living Room | 10'0'' x 12'0'' |
https://www.realtor.ca/real-estate/27629104/81-east-avenue-brantford
Contact us for more information
William Austin
Salesperson
(519) 753-7311
(519) 753-1603
www.royallepage.ca/actionrealty
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