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Benefits
Asking Price
$719,900
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
Discover a Duplex where the perfect fusion of style, comfort, and a lucrative income stream awaits. This property proudly yields an impressive annual rental income starting at $45,000+. Whether you're an investor or a discerning homeowner with an eye for financial growth, this property promises to elevate your portfolio. The roof, furnace & AC, water softener, coin laundry, and dishwasher were all new in 2019. The house has updated plumbing, electrical, windows, doors, soffits, and eavestroughs so you can sit back and enjoy your investment without thinking about upcoming expenses. The upper level will be vacant on May 1st, and greets you with a quaint covered porch, a newer front door, and a welcoming foyer. An ode to timeless beauty and practicality is found with original built-ins and hardwood floors, a breakfast peninsula with cork floors in the Kitchen, and a convenient slider from the dining room to the fully fenced yard. 3 bedrooms, one and a half bathrooms, and 2 parking spaces make this a very desirable upper-unit home. The lower level boasts a separate entrance, accessed from the upper unit and from the side door to the coin laundry and 1 bedroom apartment. The spacious lower offers another parking space, an eat-in kitchen, a 4-piece bathroom, a large living room, and a bedroom. Step out and embrace the great outdoors with the professionally landscaped yard hosting gorgeous trees and low-maintenance perennial gardens. The large fenced yard is exclusive to the upper unit and features a shed, a cement patio area, and a fire pit. With the 120 foot lot, there is room to garden, BBQ, play lawn darts, and enjoy your home. In this central and convenient Kitchener location, you have every imaginable amenity within steps of your front door. Close to groceries, shopping, restaurants, and schools. Located on transit, and within easy access to St. Mary's Hospital, The Iron Horse Trial, the expressway, and downtown Kitchener (id:39198)
Location
Province
Ontario
City
Kitchener
Address
55 Highland Road W
Postal Code
N2H3B7
Location Highlights
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Listed by
RE/MAX SOLID GOLD REALTY (II) LTD. 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
1,863
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
$719,900
Asking Price
$719,900
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)
1,863
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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