219 ERIE Avenue, Brantford, Ontario N3S 2H1
$549,000.00
- 6 bedrooms
- 2 bathrooms
- 3,308 Square Feet
Welcome to 219 Erie Ave in Brantford's sought-after Eagle Place! This massive 3,000+ sq ft duplex offers two self-contained units, each with a separate entrance and separate hydro meter—ideal for investors or owner-occupiers. Main level: kitchen, living room, 2 bedrooms, with finished basement with additional 2 bedrooms full bath—currently rentable at $2,400/month. Upper level: 2 bedrooms plus a spacious third-story loft—currently rentable at $2,100/month. Combined rents of $4,500/month ($54,000/year) generate an estimated cap rate of approx. 6.4%* at the $549,000 asking price. Bonus value-add: the fully finished basement already has its own ... read more
Welcome to 219 Erie Ave in Brantford's sought-after Eagle Place! This massive 3,000+ sq ft duplex offers two self-contained units, each with a separate entrance and separate hydro meter—ideal for investors or owner-occupiers. Main level: kitchen, living room, 2 bedrooms, with finished basement with additional 2 bedrooms full bath—currently rentable at $2,400/month. Upper level: 2 bedrooms plus a spacious third-story loft—currently rentable at $2,100/month. Combined rents of $4,500/month ($54,000/year) generate an estimated cap rate of approx. 6.4%* at the $549,000 asking price. Bonus value-add: the fully finished basement already has its own separate entrance in place, offering excellent potential to convert into a third income unit (subject to municipal approval)—perfect for investors looking to maximize returns. Set your own rents! 3 parking spots at the rear. Located in family-friendly Eagle Place, steps to Grand River trails, walkable to schools (Princess Elizabeth PS, Jean Vanier Catholic Elementary), and served by Brantford Transit Route 12 right on Erie Ave. Minutes to downtown Brantford shops, restaurants & Laurier Brantford campus. Endless possibilities in this rare investment opportunity—don't miss out! Sold As Is. All appliances As Is. *Cap rate estimate based on est. 35% expense ratio; (Pictures are virtually staged) (id:25417)
- Listing ID: 40845840
- Property Type: Multi-family
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | Under 1/2 Acre |
| Parking: | 3 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Duplex |
| HVAC: | Fireplace and Forced Air Natural Gas |
| Exterior: | Brick |
| Basement: | Full (Finished) |
| Utilities: | Municipal Sewage System |
| Location | |
|---|---|
| City: | Brantford |
| Province: | Ontario |
| Nearby Amenities: | High Traffic Area, School Bus and Schools |
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