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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,199,900
Cap Rate
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 42 UDVARI CRES, KITCHENER! Nestled in the highly coveted Beechwood Forest/Highland West neighborhood, this exceptional property boasts the rare distinction of being a legal duplex! Step inside this meticulously crafted, custom-built residence & be greeted by a grand foyer adorned with exquisite porcelain tiles. The main floor offers an open-concept layout. Cherry hardwood floors grace the formal dining room & Living room, where soaring 9ft ceilings, LED pot lights & a gas fireplace create an ambiance of warmth. The heart of the home, the upgraded kitchen, is a culinary enthusiast's dream, featuring granite countertops, SS Appliances & marble backsplash. Transition effortlessly from indoor entertaining to outdoor bliss through the dinette area's walkout to a custom two-tier deck overlooking the fenced yard, beckoning gatherings & relaxation under the summer sky. Ascending to the 2nd floor, a spacious 10ft High, family room bathed in natural light awaits, offering a versatile retreat. Continuing the theme of refined living with round wall corners, hardwood floors extend to the bedroom level, where a lavish master suite awaits with its luxurious 5pc ensuite bathroom & walk-in closet. 3 additional generously sized bedrooms & a full main bathroom provide ample accommodation for family & guests. The finished legal basement presents an enticing opportunity for income generation or mortgage assistance, featuring a full 3pc bathroom, a kitchen with SS Appliances & 2 bedrooms. Convenience is paramount with shared main floor laundry, a separate entrance from the garage to the basement & double car garage with 240V outlet for EV charging, complemented by a concrete 3-car driveway. Location is ideal, as the allure of the Ira Needles Boardwalk & an array of amenities including public & catholic schools, bus routes, walking trails & more are close by, ensuring a lifestyle of convenience & enjoyment. Book your showing today & Discover the epitome of luxurious living. (id:39198)
Location
Province
Ontario
City
Kitchener
Address
42 Udvari Crescent
Postal Code
N2N0A2
Location Highlights
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Listed by
RE/MAX Twin City Realty Inc. Ontario listing
Category
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
2,450
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
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$1,199,900
Asking Price
$1,199,900
Cap Rate
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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NOI
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
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
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
2,450
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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