84 sheridan Street

Welcome to 84 Sheridan Street, Brantford, a remarkable Multi-Family Home for sale in Brantford that presents a unique investment opportunity in the heart of downtown Brantford. This impressive full-brick, two-storey multiplex is designed to cater to a variety of tenants, making it an ideal addition to any real estate portfolio. With a total of six bedrooms and five bathrooms, this property is fully occupied by reliable tenants, ensuring a steady stream of rental income.

The property features a well-thought-out layout, comprising two spacious 2-bedroom units and two comfortable 1-bedroom units, alongside a generous bachelor unit that boasts a private covered rear patio. The total number of rooms amounts to 22, providing ample living space for all tenants. The size of the property is approximately 3,000 square feet, situated on a generous 80' x 132' lot, which not only offers ample space for the current units but also presents potential for future expansion. This is an enticing aspect for any investor looking to enhance their property portfolio.

One of the standout features of this Multi-Family Home for sale in Brantford is its legal compliance. The property is fully legal and comes with an updated fire safety certificate, providing peace of mind for both the owner and tenants. This ensures that the property meets all necessary regulations, making it a safe and secure investment.

Parking is another significant advantage of 84 Sheridan Street, Brantford. The property offers ample parking space, accommodating up to six vehicles. This is particularly beneficial in a downtown location where parking can often be a challenge. The convenience of having designated parking spots adds to the overall appeal of this Multi-Family Home for sale in Brantford.

The location of this property is truly ideal, being just steps away from the Laurier campus and a variety of local amenities. Residents will appreciate the proximity to shops, restaurants, and public transport, making everyday living convenient and enjoyable. This accessibility enhances the attractiveness of the property for potential tenants, ensuring high occupancy rates.

In terms of additional features, the property does not include a central vacuum system, family room, or additional land, but it does have a water heating system for heating and is connected to municipal water and sewer services. The basement is currently unfinished, providing a blank canvas for potential buyers to customise according to their needs or preferences.

It is worth noting that the property is unfurnished, allowing new owners the flexibility to furnish it according to their vision. Furthermore, there is no air conditioning or swimming pool, but the existing features and the potential for growth more than compensate for these aspects. The newer roof and boiler system add to the property's appeal, ensuring that the essential infrastructure is up to date.

For those considering stepping into home ownership and investment, this Multi-Family Home for sale in Brantford is an excellent opportunity. Buyers could occupy one of the units while collecting rental income from the others, making it a practical choice for first-time investors. Additionally, the property could easily be converted into a four-unit dwelling if desired, providing even more options for maximising its potential.

In conclusion, 84 Sheridan Street, Brantford, is a fantastic Multi-Family Home for sale in Brantford that combines a strategic location, legal compliance, and a solid investment opportunity. With its current occupancy and reliable tenants, this property is poised for continued success in the rental market. Don’t miss out on the chance to explore this opportunity and make this investment yours!

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest option is Central Public School, situated just 0.2 km away, offering English instruction for grades JK to 8 under the Grand Erie District School Board. For those interested in a French-language education, Ecole Dufferin Public School is located 1.7 km from the property, also catering to students from JK to 8. Additionally, St. Peter School, a Catholic institution, is available 3.2 km away, providing English education for the same grade levels under the Brant Haldimand Norfolk Catholic District School Board. Each of these schools offers a supportive environment for young learners, although it's worth noting that specific school ratings are not provided. The proximity to these schools enhances the appeal of the property, ensuring that quality education is easily accessible for your children. Whether you prefer public or Catholic schooling, this area offers diverse options to meet your family's educational needs.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 476 residents, with an average household size of 2.1 individuals. The demographic profile reveals an average age of 35.9 years and an average household income of $52,000. A significant portion of the population, 28.8%, is classified as low-income, indicating economic challenges for some residents. The housing market features an average property price of $460,000, with 75% of the households being renters and only 5% owning condos. The community is predominantly single, with 65.82% of individuals not married, while 28.57% of households include children. Immigrants represent a small fraction of the population at 3.37%. Education levels are relatively moderate, with 35.29% of residents holding a college or university degree. However, a notable 35.29% of the population is not in the labor force, which may reflect a mix of students, retirees, or individuals facing employment challenges. Overall, this demographic snapshot highlights a diverse community with a youthful population, significant rental occupancy, and varying economic conditions.