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Listed 4 months ago

273-275 Brant Avenue

, Brantford

$650,000

Detached|2-Storey
4 | 3 | 3
About this home

Opportunities like this are few and far between. Take a look at this beautiful, historic property located in one of Brantford's heritage districts: 273-275 Brant Avenue. This property was originally two semi-detached residential homes, now merged on title. With proper due diligence and conversations with the powers that be, there is potential to separate the property back into two distinct addresses, or to explore a conversion to full residential or full commercial use. Whether you're interested in restoring the original division, maintaining the current mixed-use setup, or reconfiguring the property entirely, there is flexibility here, all depending on your vision and the necessary approvals. Better yet, the property will be delivered with vacant possession. The current zoning allows for a plethora of uses. It could even make sense as student housing given the proximity to Laurier. Step into 273, the residential unit, and you're welcomed by a large living room, kitchen, a three-piece bathroom, and a main floor bedroom. Upstairs, there are three more bedrooms and a two-piece bathroom. Next door at 275, the current commercial use unit offers a spacious front room, a second large room, a fully functional kitchen, and a three-piece bathroom. The upper level is completely open concept, ready to be customized to your needs. A rare find on Brant Avenue, the lot is generously sized with ample parking, which is another major bonus. The current owners are ready to move on and are looking for the right buyer to write the next chapter of this unique property's story. Don't delay Call your REALTOR today.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$7,923
Lot Size32.33 ft x 121.75 ft
mls© NumberX13144978
Listed ByReal Broker Ontario Ltd.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,327
Property tax
$660
Heat allowance
$150
Housing costs
$4,137 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $130,000
25-yr amortization

Income needed

$127,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$130,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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