221 Grand River Avenue
, Brantford
$549,999
Welcome to Grand River Ave! This amazing duplex is the perfect turn-key investment or ideal for first-time buyers. The rent in one unit will help pay the mortgage which makes it desirable for first time buyers. Featuring two separate 2-bedroom units, each equipped with its own independent hydro and water meters for effortless management. The upper unit boasts a bright layout and convenient in-suite laundry. Main floor boasts of 2 bedrooms + basement family room, separate in-suite laundry. Situated on a premium, deep lot in an attractive neighborhood close to schools, parks, and scenic river trails. Complete with parking space. Do not miss this incredible, versatile opportunity! Updates : Furnace & A/C (2020), Roof (2018), and main floor paint & durable laminate flooring (2021).
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 100+ |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,472 |
| Lot Size | 32 ft x 160.34 ft |
| mls© Number | X13450362 |
| Listed By | ROYAL LEPAGE STATE REALTY |
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%
- $2,815
- Property tax
- $289
- Heat allowance
- $150
- Housing costs
- $3,254 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$100,000
gross annual household income
- Payment at 4%
- $2,314 / mo
- Cash down
- $110,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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