Re/max Premier Inc., Brokerage
9100 Jane St
Concord, ON
L4K 0A4
Brantford, Old West Brant, N3T 1G5
$619,900
Listed by Royal LePage Action Realty.
Investors and first-time homebuyers, take note! Whether you're looking to expand your investment portfolio or find a home that can generate additional income to help with expenses, this opportunity is for you. This well-constructed, purpose-built duplex features two separately metered units (2 gas meters, 2 electrical panels, 2 furnaces), each offering 2 bedrooms, 1 bathroom, and self-contained laundry. The main level unit has been freshly painted, with vinyl flooring in the bathroom and laminate flooring throughout the living areas and bedrooms. It also includes a full unfinished basement with laundry facilities, providing ample storage space or the potential for additional living space. The upper unit boasts laminate flooring in the living room and cozy broadloom in the bedrooms, along with a convenient laundry nook. This building is situated on a large lot with a single-car garage (currently used by the main-level tenant) and provides ample parking. The current tenants are fantastic and are willing to stay, with rent increases set to take effect on December 1st. While rents are currently below market value, this presents an opportunity for the new owner to increase revenue once the units become vacant. Recent improvements include new windows, exterior doors, flooring, paint, an added laundry facility in the upper unit, new shingles on both the house and garage (2022), and new eavestroughs on the house.This well-maintained, all-brick duplex is located in a family-friendly area close to shopping, transit routes, and all amenities. With Brantford experiencing economic growth, this investment is well-positioned for potential long-term equity gains as the city continues to thrive.
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