$1,299,900
For sale: Multiplex

Attention Investors. Turn Key Opportunities like this don't come around often with a 7.8% cap rate. Fully leased and recently updated 5 plex featuring 1 - 3 bedroom unit and 4 - 2 bedroom units. Your clients will love the open concept main floor with quartz kitchen counter tops, new stainless steel appliances and hidden laundry room. wWindows, doors, electrical, plumbing, siding, facia updated 2021. Basement rim joist was also spray foamed for added R-value. With the potential to turn this multiplex into a condo development and sell the individual units, you won't want to miss your chance to see this investment.
Sold data
Multiplex homes in Brantford took a median of 33 days to sell over the last 730 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 78, across 44 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 68 days.
The median sale price was $609,900.
Homes sold for about 3.9% below asking on average, so there was room to negotiate.
About 5% of sales closed above the list price.
Around 20% of sellers reduced their price before finding a buyer.
Based on 44 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Brantford has 43 Fraser Institute–rated schools (38 elementary and 5 secondary), averaging 4.4/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

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