13 Sheridan Street is a classic piece of Brantford history that has stood the test of time since 1880. This aluminum-sided triplex is located in a great spot where tenants can easily walk to shops, parks, and city bus routes. Each of the three units has 2 bedrooms, which is a popular size for people looking to live in this busy area. This property is a steady performer that is already making money for its owner with a solid 4% cap rate. The building is set up to help keep the owner's job simple. The units have their own separate hydro meters. One unit uses gas heat while the other two use electric heat. The middle unit currently has its utilities included in the rent, and the landlord pays for the hot water heaters. This setup provides a mix of predictable income and established management that works well for a local investor. Because it is so close to downtown, it is easy to keep these units filled. The property comes with long-term tenants who have lived there for a while, providing a very steady start for a new owner. If you are looking for an investment that is already up and running in a convenient location, 13 Sheridan Street is a great choice. It is a straightforward way to grow your portfolio in a part of the city that people always need.
Details
X12898984
3
$469,900
Tenant
None
3 + 3
2-Storey
6
3
2000-2500 Sqft
N/A Acres
100+
Triplex
Sale
Additional details
Forced Air / Electric
NLR
$3288
2025
PLAN BTFD PT LOT 4 S SHERIDAN PL City of Brantford, September 7, 1892 Brantford city as in A269867; Brantford City
N/A
N
Partial Basement,Unfinished
None
Hospital,Library,Park,Place Of Worship,Public Transit,School
Municipal
Schools Nearby
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FAQ
What is the total square footage of the X12898984 - 13 Sheridan Street, Brantford, ON N3T 2P7?
The total square footage of this property is 2000-2500 SqFt.
What schools near to X12898984 - 13 Sheridan Street, Brantford, ON N3T 2P7?