135 Sherwood Drive, Brantford
135 Sherwood Drive in Brantford - 5 bedroom, 4 bathroom. Listed at $689,000.
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: Mortgage
- Style: 2-Storey
- Square Footage: 2750 sqft
- Basement: Partial Basement
- Heating: Gas
- Cooling: None
- Parking: 29 spaces
- Property Taxes: $4,865/yr
- Postal Code: N3T 1N8
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