Business For Sale · Multifamily

9 LINDEN AVENUE, Brantford

9 LINDEN AVENUE, Brantford, ON N3S7E3

$5.0M total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

88%

About this property

Rare opportunity to acquire a well-maintained 25-unit multi-residential apartment building on approximately 0.83 acres in Brantford. The property consists of 24 one-bedroom suites plus one one-bedroom + den, with 16 of the 25 units fully renovated since 2020, including updated appliances, fixtures and plumbing. Current residential rents total approximately $31,545/month ($378,540/year), with approximately $35,472 in identified annual rental upside as below-market units turn over. Additional laundry income is approximately $4,000/year. All suites are individually metered for electricity and water, creating further operating efficiency as legacy tenancies turn over. Major capital improvements include a TPO roof installed in 2016 and inspected in 2025, upgraded electrical panels, suite metering, water shut-off valves, a fire alarm panel replaced in 2024, and a remote-viewing security system. The property includes owned refrigerators and stoves for all 25 suites, two owned commercial hot water tanks, laundry equipment and other building equipment. Strong opportunity for investors seeking stable existing income with meaningful long-term rental and operational upside. Buyer to verify all measurements, zoning, income, expenses and property information. (id:66811)

Financial sandbox

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Estimate
Purchase price$5.00M
Down payment30% · $1.50M
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$23K

Projected NOI

$158K

Annual cash flow

$-119K

Cash-on-cash

-7.95%

DSCR

0.57

Going-in cap

3.16%

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

95,364

Households

34,711

Median income

$125,500

Median age

37.1

Daytime population

131,206

5-yr growth

6.8%

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

Secure deal room

Confidential diligence documents for 9 LINDEN AVENUE, 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.