CAONBrantfordEast Ward220 Nelson St
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220 Nelson St, Brantford, ON

House

For Sale

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435

MLS® 40794874

  • Key Facts
  • Description
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Key Facts

Type Multi Family
Levels Residential Income
Size 2267 sqft
Garage Yes
Taxes $3,858
Days Active 48
Lot Size 
Approx. Age 
Avg. Price Per Sqft $291
MLS® Number 40794874

Property Address: 220 Nelson St, Brantford, ON, N3S4C1

Average square foot calculated using Size range provided by listing agent.

Description

Legal triplex in Brantford offered at $659, 000 with a strong 6.7% cap rate. Excellent income profile with projected annual income of $57, 654.72 and net income of $44, 284.74. Ideal opportunity for investors seeking solid cash flow with quality tenants already in place. Garage income projected at $300 per month adds further upside potential. Extensive capital improvements have been completed. In 2021 Unit 1 underwent a full renovation including a modern kitchen with new flooring, cabinetry, stainless steel appliances, and quartz countertops. The bathroom was fully updated with new flooring, toilet, reglazed tub, tiled surround, and new plumbing fixtures. Six new windows were installed and electrical wiring was updated with a new panel. The laundry room was fully upgraded in 2021 with new wiring, plumbing for a laundry sink, new appliances, new doors, new window, and a newly enclosed basement entry. In 2023 all four electrical meters were replaced and relocated. In 2024 Unit 3 received a full bathroom renovation with new flooring, toilet, vanity, and shower enclosure. Additional upgrades included new flooring throughout the kitchen and living room, fresh paint, new light fixtures, and updated kitchen appliances, countertop, sink, and faucet. Unit 2 received a new refrigerator and new bathroom window in 2024. Well maintained building with strong mechanical updates and continued care. Prime location close to amenities, transit, and major routes. Turnkey multi residential investment with stable income and future growth potential.Show Description
MLS® Number40794874
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementPartial, Partially Finished
DrivewayDetached Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

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Home Appraisal

This property is estimated to sell between: $478,000 and $751,000.
Similar properties in this area sold on average for: $478,666
Expected to sell very soon! Similar properties sold in 30 days. This home has been on eXp Realty for 48 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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220 Nelson St, Brantford, ON

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