Excellent opportunity to acquire a solid fourplex with positive cashflow and Approximately 7.1% Caprate with future upside. This detached, fully brick two-storey property with rear extension offers approximately 2,980 sq. ft. above grade, plus an unfinished basement, on a large 52 x 160 ft. lot. The building features four above-grade units, including two 2-bedroom units on the ground floor and two 1-bedroom units on the second floor. There is also a large shared storage room with potential to be converted into a common laundry area. The property includes separate hydro meters, 4 parking spots and has been professionally maintained previously. Current total rent is $64,707, with expenses of $13,084, resulting in net operating income of $51,623. Significant improvements have been completed in recent years, including a new furnace in 2025, updated kitchens, new flooring, painting, drywall repairs, bathroom renovations, and more. Large shared backyard that is fully fenced at the back, lots of potential for accessory or additional storage use. Very Close to Downtown to Wilfred Laurier University, Conestoga College, Casino, TD Civic Centre, Harmony Square, the Downtown Strip & More. Close to Bus-Stops, Laundromats, Parks, Trails, Schools, Library & More. One of the Best Multi-Residential Properties in the City Offering All Solid Fundamentals, Great to Add to Your Investment Portfolio (id:61594)
| MLS® Number | 40830387 |
| Property Type | Multi-family |
| Amenities Near By | Park, Playground, Public Transit, Schools, Shopping |
| Equipment Type | Water Heater |
| Features | Southern Exposure, Paved Driveway |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater |
| Bathroom Total | 4 |
| Bedrooms Total | 6 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Constructed Date | 1890 |
| Cooling Type | None |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2,980 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
| Access Type | Road Access |
| Acreage | No |
| Fence Type | Partially Fenced |
| Land Amenities | Park, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 160 Ft |
| Size Frontage | 52 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Nlr (f9 A270 C40) |
https://www.realtor.ca/real-estate/29761328/190-sheridan-street-brantford
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