81 EAST Avenue, Brantford, Ontario N3S 3L6
$644,900.00
- 1 bedroom
- 1 bathroom
- 2,145 Square Feet
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 ... read more
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:25417)
- Listing ID: 40672550
- Property Type: Single Family
| Property | |
|---|---|
| Style: | 2 Level |
| Ownership: | Freehold |
| Lot Size: | Under 1/2 Acre |
| Parking: | 2 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Refrigerator, Stove, Washer and Dryer |
| HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas |
| Exterior: | Brick |
| Basement: | Partial (Unfinished) |
| Utilities: | Municipal Sewage System |
| Location | |
|---|---|
| City: | Brantford |
| Province: | Ontario |
| Nearby Amenities: | Hospital and Shopping |
| Rooms | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Main level | Measurements not available |
| Bedroom | Main level | 11'0'' x 9'0'' |
| Kitchen | Main level | 12'0'' x 12'0'' |
| Living room | Main level | 10'0'' x 12'0'' |
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