Excellent investment opportunity at 9-11 Hart Street! This well-maintained triplex features a desirable unit mix of one one-bedroom, one two-bedroom, and one three-bedroom suite, offering an attractive 6.2% cap rate at the asking price. The property has benefited from extensive capital improvements, including a new roof with 50-year shingles (2020), significant interior renovations throughout all three units, updated kitchens, flooring, electrical improvements, masonry and exterior repairs, and plumbing upgrades. Additional improvements include central air conditioning at 11 Hart, exterior deck and stair upgrades, and ongoing mechanical maintenance. Each unit is separately metered for hydro, with the three-bedroom suite benefiting from dedicated basement laundry facilities. Offering a combination of strong in-place returns, substantial recent improvements, and a versatile unit mix, this property presents an attractive opportunity for investors seeking a stabilized multifamily asset with limited immediate capital requirements. (id:4069)
Address
11 HART STREET
List Price
$799,000
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Brant (brantford Twp)
Bedrooms
5
Bathrooms
4
Floor Area
2500 - 3000 Sq. Ft.
Lot Size
65.2 x 78.7 FT Sq. Ft.
Lot Depth
78 ft ,8 in
Frontage Length
65 ft ,2 in
MLS® Number
X13883690
Listing Brokerage
EXP REALTY
Basement Area
N/A (Unfinished)
Postal Code
N3T3S9
Zoning
RC
Parking Places (Total)
3
Appliances
Stove, Refrigerator
Amenities
Separate Electricity Meters
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
None, Ventilation system
Foundation Details
Concrete
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Sanitary sewer
