Listed by Rock Star Real Estate Inc..

38 & 40 Niagara Street is a Detached, Bungalow and is currently for Sale @ $974,999. Taxes in 2024 were $2,575.52.

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Exceptional investment opportunity in Brantford! This property presents a prime chance for development and cash flow in a rapidly growing city. The Bungalow on 38 & 40 Niagara Street has 4 bedrooms, 2 bathrooms, and is located on a 89.00 x 68.00 ft loton < .50 acres in the community of . Featuring an existing duplex in top condition with market rents and a serviced lot approved for three additional units, this property allows for a total of five units upon completion, offering substantial revenue potential. With CMHC financing available post-construction, investors can employ a near-perfect BRRRR strategy to refinance most of their capital out while still maintaining positive cash flow. Approvals for severance and minor variances have been secured. Preliminary house concepts, cost estimates, and a CMHC proforma, is available. The existing legal duplex is turn-key, with two well-maintained units featuring separate laundry facilities and tenants responsible for utilities. Situated near downtown Brantford, this property benefits from its prime location near essential amenities, schools, parks, and transportation hubs.

The address 38 & 40 Niagara Street was listed for sale (MLS# X8147098) on Friday, March 15, 2024.