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Listed 2 months ago

250 Murray Street

, Brantford

$499,900

Detached|2-Storey
3 | 2 | 1
About this home

Endless Potential in the Desirable Terrace Hill/East Ward! This charming all brick two storey home offers exceptional flexibility for investors, multi-generational families, or buyers looking to convert it back into a spacious single family residence. Currently configured as a legal duplex, the property features a 1 bedroom main floor unit and a 2 bedroom upper unit, providing excellent income potential or the opportunity to live in one unit while renting the other. Full of character and possibilities, this home could be transformed back into a traditional family home to suit your needs. Situated in the sought after Terrace Hill/East Ward, you'll enjoy a mature neighbourhood known for its character homes, tree lined streets, and convenient access to schools, parks, shopping, transit, downtown Brantford, and Highway 403. Whether you're expanding your investment portfolio or searching for a home with future versatility, this property is one you won't want to miss.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$2,566
Lot Size33 ft x 82.5 ft
mls© NumberX13600502
Listed ByRE/MAX ESCARPMENT REALTY INC.

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%
$2,559
Property tax
$214
Heat allowance
$150
Housing costs
$2,923 / mo

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

Down payment20% · $99,980
25-yr amortization

Income needed

$90,000

gross annual household income

Payment at 4%
$2,104 / mo
Cash down
$99,980

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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