For Sale · Multifamily

#1 - 11 CHARLES STREET, Brantford

#1 - 11 CHARLES STREET, Brantford, ON N3T1A9

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

89%

About this property

Welcome to 11 Charles Street, a charming one-bedroom main-floor apartment in a legal duplex, set on a beautiful tree-lined street in a well-established West Brant neighbourhood.This inviting main-floor residence offers a comfortable and functional layout with a spacious separate living room, generous eat-in kitchen, one bedroom and a four-piece bathroom. The kitchen is equipped with a fridge and stove, and the unit includes its own washer and dryer for added everyday convenience.As part of a legal duplex, the unit also benefits from separate utilities, giving the tenant greater independence and control over household usage. The tenant will also have access to basement space for additional storage, a valuable bonus in a one-bedroom rental.The location is a standout. Just a stone's throw from Lions Park, the property is also close to walking and cycling trails, greenspace and the Grand River at the end of the street. It's a great setting for anyone who enjoys being close to outdoor recreation while still living in a mature, established neighbourhood with everyday amenities nearby.With generous principal rooms, main-floor living, private laundry, separate utilities and additional storage, this is a welcoming and practical place to call home.Street parking only. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

118,609

Households

48,442

Median income

$65,000

Median age

40.5

Daytime population

137,363

5-yr growth

1.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for #1 - 11 CHARLES STREET, Brantford.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.