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$ 549,000
Est. payment | /mo
6 Beds
2 Baths
3,308 SqFt
$ 549,000
Est. payment | /mo
6 Beds
2 Baths
3,308 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3308
Square Footage 3,308 sqft
Price per Sqft $165
Subdivision 2085 - Eagle Place West
MLS® Listing ID 40845840
Bedrooms 6
Property Sub-Type Freehold
Property Description
Welcome to 219 Erie Ave in Brantford's sought-after Eagle Place! This massive 3,000+ sq ft duplex offers two self-contained units, each with a separate entrance and separate hydro meter—ideal for investors or owner-occupiers. Main level: kitchen, living room, 2 bedrooms, with finished basement with additional 2 bedrooms full bath—currently rentable at $2,400/month. Upper level: 2 bedrooms plus a spacious third-story loft—currently rentable at $2,100/month. Combined rents of $4,500/month ($54,000/year) generate an estimated cap rate of approx. 6.4%* at the $549,000 asking price. Bonus value-add: the fully finished basement already has its own separate entrance in place, offering excellent potential to convert into a third income unit (subject to municipal approval)—perfect for investors looking to maximize returns. Set your own rents! 3 parking spots at the rear. Located in family-friendly Eagle Place, steps to Grand River trails, walkable to schools (Princess Elizabeth PS, Jean Vanier Catholic Elementary), and served by Brantford Transit Route 12 right on Erie Ave. Minutes to downtown Brantford shops, restaurants & Laurier Brantford campus. Endless possibilities in this rare investment opportunity—don't miss out! Sold As Is. All appliances As Is. *Cap rate estimate based on est. 35% expense ratio; (Pictures are virtually staged) (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling None
Exterior
Parking Features No
Community Features High Traffic Area, School Bus
View Y/N No
Attached Garage No
Total Parking Spaces 3
Garage No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by LPT Realty ULC
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