118 Clarence Street, Brantford

$650,000
118 Clarence Street

$650,000

New
23d
Detached2-Storey

118 Clarence Street, Brantford

Total Monthly Obligation $3,219

Beds
3
Baths
3
Park
1
Sqft
1100-1500
DOM
23d
Score
18
Yield
4.3%
Cash on Cash
-4.8%
Cap Rate
3.6%
5Y IRR
11.8%
10Y IRR
11.6%
Property Type-Detached
MLS® Number-X13858260
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-37 × 72 ft
Listed on site-Sep 30, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$2,663.83 (2026)
Parking-1 - None
Basement-Full
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

Some homes surprise you. 118 Clarence Street is one of them. Built in 1875, this solid brick home has been thoughtfully reimagined from the inside out - not simply renovated, but given an entirely new chapter. The kind of transformation that took vision, patience and an incredible amount of heart. Spaces opened up and natural light now travels beautifully through an outstanding open-concept main floor. At the heart of it all is a stunning brand-new kitchen, with generous stretches of quartz countertop and plenty of space for the everyday moments that seem to happen around the kitchen. The layout gives you something families are looking for: connection. The kitchen and living spaces flow easily together, while a dedicated formal dining area still gives you somewhere to gather - Sunday dinners, birthdays, holidays and everything in between. A main-floor powder room adds the practicality every busy household appreciates. And behind everything you see is just as much substance. New plumbing, electrical, insulation, drywall, roof, appliances, kitchen, bathrooms and finishes throughout mean so much of the work - and expense - that can come with an older home has already been taken care of. Upstairs, 3 beautifully finished bedrooms and additional bathrooms offer room to begin here and room to grow. And while nearly everything around it has been renewed, glimpses of the home's 150-year history remain, including beautiful stained glass and the unmistakable solidity and character you simply can't recreate in something new. That contrast is what makes it feel so special. Historic, but not dated. Modern, but with soul. For a first-time buyer or young family, there's something pretty wonderful about finding a home where the difficult work has already been done.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$520,000
Land Transfer Taxes$9,475
Legal Fees (Est.)
$
Total cash required for closing$140,975

Total Monthly Obligation

$3,219/mo
Mortgage $2,622
Monthly Loss $2,529
Principal$690
Interest$1,932
Property Tax$222
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.1%24
10-Year IRR
9.1%
Returns Index
13.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$28,128/yr
NOI
$18,151/yr
Net Cash Flow
-$1,109/mo
Cash Margin
-47.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
24.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 118 Clarence Street

Time

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Data last updated within the past 24 hours.