13 Sheridan Street Brantford, Ontario N3T 2P7

$469,900

13 Sheridan Street is a classic piece of Brantford history that has stood the test of time since 1880. This aluminum-sided triplex is located in a great spot where tenants can easily walk to shops, parks, and city bus routes. Each of the three units has 2 bedrooms, which is a popular size for people looking to live in this busy area. This property is a steady performer that is already making money for its owner with a solid 4% cap rate. The building is set up to help keep the owner's job simple. The units have their own separate hydro meters. One unit uses gas heat while the other two use electric heat. The middle unit currently has its utilities included in the rent, and the landlord pays for the hot water heaters. This setup provides a mix of predictable income and established management that works well for a local investor. Because it is so close to downtown, it is easy to keep these units filled. The property comes with long-term tenants who have lived there for a while, providing a very steady start for a new owner. If you are looking for an investment that is already up and running in a convenient location, 13 Sheridan Street is a great choice. It is a straightforward way to grow your portfolio in a part of the city that people always need. (id:61215)

Property Details

MLS® Number	X12898984
Property Type	Multi-family
Amenities Near By	Hospital, Park, Place Of Worship, Public Transit, Schools
Equipment Type	Water Heater, Furnace
Parking Space Total	3
Rental Equipment Type	Water Heater, Furnace

Building

Bathroom Total	3
Bedrooms Above Ground	6
Bedrooms Total	6
Age	100+ Years
Appliances	Stove, Refrigerator
Basement Development	Unfinished
Basement Type	Partial (unfinished)
Cooling Type	None
Exterior Finish	Aluminum Siding
Foundation Type	Brick, Stone
Heating Fuel	Electric, Natural Gas
Heating Type	Forced Air, Not Known
Stories Total	2
Size Interior	2,000 - 2,500 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Land Amenities	Hospital, Park, Place Of Worship, Public Transit, Schools
Sewer	Sanitary Sewer
Size Depth	132 Ft
Size Frontage	35 Ft
Size Irregular	35 X 132 Ft
Size Total Text	35 X 132 Ft
Zoning Description	Nlr

https://www.realtor.ca/real-estate/29490560/13-sheridan-street-brantford