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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,069,000
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
Legal Duplex! This is the Best-performing purpose-built duplex in the area. Whether you're an investor looking for cash-flowing rental property or a homeowner seeking an income-generating multi-generational home, this property would be perfect for you. It's conveniently located in Laurentian West, only minutes away from the highway, within walking distance of the Sunrise Mall with restaurants &shops, amazing walking trails & parks and top-rated schools. The property backs onto a beautiful Everglade pond. The main floor features 2 bedrooms with a huge den and 1 bathroom. The primary bedroom has a walk-in closet and a balcony. The main living area has ample space for entertaining and is open to the dining and kitchen areas that have plenty of counter space and cabinetry. The lower unit has its own side entrance, sunroom, and private deck. The unit provides 1 bedroom and 1 full bathroom. You'll be amazed at the open and bright living/dining/kitchen area with 8-foot ceilings and lots of windows, making it feel not even like you’re on the lower level. It also features a large kitchen with lots of counter space and cabinets. The bedroom here is spacious with his/hers closets. The yard is of good size, and the 1-car garage is handy, as is the double concrete driveway that can accommodate 3 cars. The property has been updated in the past 5 years, over $90,000 in improvements, and is in excellent condition, making it a hassle-free investment or a comfortable multi-generational home. Utilities in each unit are separately metered, and tenants pay their own utilities. All appliances are newer and included too! The property is boasting a gross annual income of $54,150. There are so many possibilities here as it is turnkey, and you’ll definitely be impressed. Schedule a showing today and see it for yourself! (id:39198)
Location
Province
Ontario
City
Kitchener
Address
84 Everglade Crescent
Postal Code
N2E3Y5
Location Highlights
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Listed by
RE/MAX Real Estate Centre 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
2,294
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
$1,069,000
Asking Price
$1,069,000
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)
2,294
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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