261 Elgin Street
Brantford, Ontario
$1,249,000
Great solid purpose built 4 Plex right in front of the Arrowdale Golf Course in Brantford. Centrally located with 5 Mins to HWY 403, Major shopping Mall nearby, bus routes, schools, and 6 mins to Laurier University. Currently has 1 -3 Bed unit, 2 -2 Bed Units and 1 apartment with 4 rooms (like bachelor units - 3 of 4 currently vacant with 4th unit moving out soon) with full bathrooms in each unit, common kitchen, common bathroom and common living room. Upgrades include 4 Separate Hydro meters, many newer windows and much more. Additionally, there is a vacant large attached garage with office. Great potential in the basement to develop into additional units or coin laundry or storage. Sky is the limit! Buyer to do own due diligence on future uses. This is a money maker with great future potential. Current gross income is over $82k per year with under market rents. Schedule your viewing today! GROSS RENTAL INCOME: $82,800 TAXES: $4,387.77 INSURANCE: $2000. EXPENSES: $12,387.77 (id:28103)
Property Details
| MLS® Number | 40257801 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Park, Public Transit, Schools, Shopping |
| Equipment Type | None |
| Features | Park/reserve, Golf Course/parkland |
| Parking Space Total | 8 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 8 |
| Bedrooms Total | 11 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1950 |
| Construction Style Attachment | Detached |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Unknown |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 4302 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Attached Garage |
Land
| Access Type | Highway Access, Highway Nearby |
| Acreage | No |
| Land Amenities | Golf Nearby, Park, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 132 Ft |
| Size Frontage | 57 Ft |
| Size Irregular | 0.18 |
| Size Total | 0.18 Ac|under 1/2 Acre |
| Size Total Text | 0.18 Ac|under 1/2 Acre |
| Zoning Description | R2, R4a |
https://www.realtor.ca/real-estate/24391466/261-elgin-street-brantford
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May 12 2022 03:42:55
Brantford Regional Real Estate Assn Inc
RE/MAX Twin City Realty Inc