10 Nelson Street Brantford, Ontario N3T 2M5

$749,900

Fantastic investment opportunity located in downtown Brantford with Laurier University, Conestoga College, train station, bus station, lots of new development and located only 7 minutes from the 403. C3 Zoning offers many opportunities to increase revenue. Previously a 5 plex with 3 one bedroom units and 2 large bachelor units, currently used as student housing. Could be easily converted back to multi residential as 3 kitchens, a kitchenette and 5 bathrooms are still in use. 5th kitchen was converted to a bedroom (#3) with plumbing capped in the basement. Previous 5 plex floor plan in documents. This gem is solid & spacious with laundry in the basement and lots of parking. Three bedrooms have ensuite baths, there are four original decorative fireplaces (not in use) in the four largest rooms and hardwood floors throughout. 4 hydro meters/panels are currently condensed into 2 meters/panels for economy, the wiring in the house has been replaced/updated, panels have not been changed to allow the buyer to decide how many meters/hydro panels they want for future use. This property is mechanically updated and well maintained by local owners and has a good reputation. Hot water boiler was replaced in 2016, roof re-shingled in 2012, all waterlines are Pex, R-50 attic insulation added. Main sewer pipe replaced and driveway repaved in 2021. Parking for at least 5 cars. Don't miss out on this great property with lots of possibilities to make money in a central and convenient location with University, law offices, Bell Memorial Park, the train station, bus station, Hospital, casino, restaurants, the Sanderson Centre, Grand River trail system and many other amenities close by. Only 7 minutes to the 403. Buyer to conduct their own due diligence regarding zoning and future use. 5 Student leases month to month as of April 30th, 2 run until August 30th. (id:29438)

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https://www.realtor.ca/real-estate/23980586/10-nelson-street-brantford