135 Sherwood Drive
Old West Brant, Brantford, N3T 1N8
$689,000
- Bedrooms
- 5
- Bathrooms
- 4
- Interior
- 2,731 ft²
- Type
- Multi-unit
About this home
Fully tenanted 4-plex in the heart of Brantford presents a strong investment opportunity with multiple revenue streams. In addition to the 4 rental units, the property includes a 749 sqft. detached garage generating extra revenue as storage to 1 tenant. The property has a wide 100ft frontage providing for a possible severance zoned to accommodate a semi-detached building. This could possibly create 4 additional units.
The garage has its own electricity meter and gas for heat and is also able to finished into another residential unit. The house has 4 rental units: Three 1-bedroom/1-bath and one 2-bedroom+ den/1-bath. The building has Coin-operated laundry facilities and ample parking for tenants having enough room for 20+ vehicles. Gas furnace provides heating while 3 water heaters service the different units.
Another key factor of this property is the opportunity to rezone all of it- if you were to demolish the building the zoning would change from the grandfathered residential into commercial. With its combination of residential income and commercial/development potential, this property is a perfect addition to any investment portfolio.
Property details
- Property type
- Fourplex
- Ownership
- Freehold
- Age
- 100+ Years
- Property taxes
- $4,865
- Heating
- Forced Air, Natural Gas
- Basement
- Partial, Unfinished
- Parking
- 29 spaces, detached garage
- Water
- Municipal
- Sewer
- Sewer (Municipal)
- Zoning
- F-M2, F-M1-16, F-R4A-45, F-RC-40, F-M1-17
- Time on market
- 89 days on market
- MLS® number
- 40854400
Features
Outside
- Brick
- Asphalt Shing roof
The lot
- Irregular Lot
- Airport
- Ample Parking
- Highway Access
- Hospital
- Park
- Public Parking
- Public Transit
- Schools
- Shopping Nearby
Included with the home: None,4 Fridge, 4 Stove, 2 Washers, 2 Dryers (1 Dryer As-Is), Elfs
Location
Thinking about the area? Read our guide to living in Brantford.
Estimate your payment
20% down. The minimum on this price is $43,900.
Your monthly payment
$3,051
- Mortgage amount
- $551,200
- Interest over the amortization
- $364,023
An estimate at a fixed rate compounded twice a year. Insurance applies under 20% down. Your lender sets the real numbers, and the team can introduce you to a mortgage professional.
Ontario land transfer tax
How the tax adds up
| $0 to $55,000 | 0.5% | $275.00 |
| $55,000 to $250,000 | 1.0% | $1,950.00 |
| $250,000 to $400,000 | 1.5% | $2,250.00 |
| $400,000 to $689,000 | 2.0% | $5,780.00 |
Ontario land transfer tax
$10,255
- Tax before any refund
- $10,255.00
- You pay on closing
- $10,255.00
For a home with one or two single-family residences anywhere in Ontario outside Toronto. Your real estate lawyer confirms the amount and pays it on closing.
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