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Property Type: Detached HouseOwnership: Freehold
42 SPRING Street
Brantford, ON N3T4M5
MLS® 40870229
$779,900
4 bed3 bath2 parking2,706 sqft
Property Details
Property & Lot
- Sub-type
- House
- Style
- Multi-level
- Stories
- 2
- Lot size
- 0.1 acres
- Frontage
- 27 feet
NLR
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,003.72
Interior
- Basement
- Unfinished, Partial
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Second level | 13'8'' x 23'2'' |
| 3pc Bathroom | Main level | 4'8'' x 8'4'' |
| Other | Main level | 15'8'' x 17'0'' |
| Primary Bedroom | Second level | 11'4'' x 15'8'' |
| Bedroom | Second level | 8'4'' x 9'6'' |
| Bedroom | Second level | 9'8'' x 10'5'' |
| 3pc Bathroom | Second level | 5'7'' x 7'0'' |
| 4pc Bathroom | Main level | 4'8'' x 6'7'' |
| Bonus Room | Main level | 9'9'' x 13'4'' |
| Eat in kitchen | Main level | 11'2'' x 15'7'' |
| Living room | Main level | 12'9'' x 23'0'' |
| Foyer | Main level | 11'5'' x 4'3'' |
Description
INVESTMENT OPPORTUNITY IN SOUGHT-AFTER HOLMEDALE! A rare opportunity to own one property featuring two separate residential dwelling units, offering excellent potential for investors, multi-generational living, or homeowners looking for additional rental income to help offset their mortgage. The property includes a charming, well-maintained 3-bedroom, 2-bathroom two-storey home, along with a newer, self-contained 1-bedroom, 1-bathroom two-storey unit built in 2024. The main home welcomes you with a front foyer and convenient closet, leading into a spacious living room with high ceilings and laminate flooring. The eat-in kitchen offers ample cabinetry and comes equipped with a fridge, stove, dishwasher and microwave. At the rear of the home, a versatile bonus space features a 4-piece bathroom and main-floor laundry, with flexibility for an additional bedroom, home office, mudroom or extra living space. Upstairs, you'll find three generously sized bedrooms and a 3-piece bathroom. Outside, enjoy a welcoming front porch, a nice-sized yard and patio, plus a single-wide driveway with parking for two vehicles. The second dwelling offers modern, independent living with its own private entrance, a comfortable main-floor living area, kitchen equipped with a fridge, stove and microwave, and convenient main-floor laundry. Ductless split units on each floor provide heating and cooling for year-round comfort. This unit also features a front outdoor space and is designed for privacy and independence. Ideally situated in the desirable Holmedale neighbourhood, the property is close to the Grand River, scenic trails, parks, schools, shopping, dining and everyday amenities. Whether you're expanding your investment portfolio, exploring multi-generational living, or looking to live in one unit while generating rental income from the other, this unique property offers flexibility and exciting possibilities. Two separate dwellings. Multiple possibilities. One great opportunity! (id:63161)
Listing Information
- MLS®
- 40870229
- Data last synced
- October 26, 2026
Royal LePage Brant Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Brant Realty
MLS® Number: 40870229
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Brantford Regional Real Estate Assn Inc.
Values & Trends
This listing
$288/sqft
Building average
—
No other active listings in this building
2038 - Holmedale average
$397/sqft
23 active listing(s)
Parking: 2 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
6°C
—
Humidity 98%
Wind N calm km/h
Tonight
6°
Thursday
21°
Thursday night
7°
Friday
13°
Friday night
-1°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
104,688
(2021 Census)
+6.2% since 2016
Density: 1,061.2/km²
Dwellings:
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Mortgage & Ownership Cost Calculator
Minimum required: 6.8% ($52,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$623,920.00
Periodic payment — Principal & Interest (monthly)$4,025.32
Additional monthly expenses (condo fees, tax, utilities, etc.)$468.64
Total monthly cost$4,493.96
Interest paid over 5-yr term$178,817.27
Balance at end of term$561,218.06
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$52,990
Stress test qualifying rate8.19%
Payment you must qualify for$5,636.27
Cash Needed at Closing
Minimum down payment$52,990
Estimated Land Transfer Tax (LTT)$12,073
Legal / closing costs (typical estimate)$1,500
Total cash needed$66,563
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
