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Apartment Building For Sale at 21 SANDSPRINGS Crescent in Kitchener, Ontario

New
4 Sale ID #229551
Updated 07 May 2024

Asking Price

$799,900

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

Welcome to 21 Sandsprings Cres, a hidden gem nestled on a serene crescent in the heart of Country Hills. This meticulously maintained legal duplex offers timeless charm, all on a Huge & mature lot. As you step inside, you're greeted by a sense of warmth. Freshly painted walls complemented by new baseboards & trim work set the stage for the contemporary living spaces within. New windows flood the home with natural light, while additional pot lighting adds a touch of elegance throughout. The main floor boasts a seamless flow, with a bright & airy layout. The updated kitchen, featuring new tile flooring, granite countertops & shaker-style cabinets. A spacious dining area overlooks the picturesque backyard, creating the perfect setting for intimate dinners or lively gatherings. 3 generously sized bedrooms offer comfort & privacy, each adorned with new doors & sliding closets. The updated main bath exudes luxury, with new tiles & modern fixtures adding to the spa-like ambiance. Venture downstairs to discover a fully finished legal basement (2022), complete with a separate entrance for added convenience. Ideal for a mortgage helper or multi-generational living, this versatile space features a cozy bedroom, 4pc bath & a stylish kitchen with SS Appliances. The basement also boasts a spacious rec room, bathed in natural light. Outside, the expansive backyard is a private oasis, with a recently installed deck & 2 storage sheds providing ample space for outdoor enjoyment. Conveniently located just steps away from Country Hills Park, Steckle Woods Walking Trails & Fairview Park Mall, this home offers easy access to all amenities. Plus, with updates including garage doors, insulation, Water softener (2024) & Tankless water heater, you can move in with peace of mind knowing that every detail has been thoughtfully considered. Don't miss your chance to make this beautiful property your forever home. Schedule a showing today and experience the best of Country Hills living! (id:39198)

  • MLS® : #40576158
  • Date Listed : 23 Apr 2024

Location

Province

Ontario

City

Kitchener

Address

21 Sandsprings Crescent

Postal Code

N2E2C6

Location Highlights

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Listed by

RE/MAX Twin City Realty Inc. Ontario listing

Category

apartment-buildings

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

1,760

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$799,900

Asking Price

$799,900

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

1,760

Other Information

Owner willing to Finance

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Absentee Owner

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Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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