59 Brandon Avenue

  • $$1,049,000
  • 9 Beds
  • 3,000 Sq Ft

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Attention Investors! Discover an extraordinary investment opportunity with this well-maintained R6 zoned triplex, offering potential for expansion into a multiplex (6 units of 1 bedroom each […]

Description

Attention Investors! Discover an extraordinary investment opportunity with this well-maintained R6 zoned triplex, offering potential for expansion into a multiplex (6 units of 1 bedroom each which the current owner has been doing). Each floor has 2 kitchens and 2 bathrooms, making it easy to use as 3 to 6 units (you choose)! Nestled on a quiet, mature street just steps from the vibrant Belmont Village, this property provides easy access to top-tier restaurants, shops, amenities, schools, parks, and trails, as well as being a short drive from Uptown Waterloo and Downtown Kitchener. Upgraded in 2016; kitchens, bathrooms, and appliances. Between 2022 and 2023 there were new windows installed, new roof, furnace, water heater and the doors were installed in 2020 + other updates. The property also boasts an expansive 184-foot deep lot, its the ideal location to build another building as the city approves (look at number 79 on the same street). There is significant potential for this property, it is a standout prospect for savvy investors looking to enhance their portfolio and develop a highly sought-after residential space. Don’t miss out on this exceptional opportunity!

Listing Details

Price:$$1,049,000
Address:59 Brandon Avenue
City:Kitchener
State:Ontario
MLS:40590537
Square Feet:3,000
Acres:0.214
Lot Square Feet:0.214 acres
Bedrooms:9
uffi:No
ageTank:2022
expenses:Actual
garageYN:no
lotDepth:184.44
coolingYN:no
dockingYN:no
feedTypes:IDX
heatingYN:yes
netIncome:78000
acresRange:< 0.5
ageFurnace:2022
directions:PT LT 74 PL 852 KITCHENER AS IN 1096220;
exclusions:Tenant's Belongings
highSchool:Kitchener-Waterloo C.I., Resurrection Catholic S.S.
surveyType:None
lotSizeArea:0.214
currentPrice:1049000
frontageType:North
holdoverDays:60
lotSizeUnits:Acres
lotSizeSource:GeoWarehouse
openParkingYN:yes
commonInterest:Freehold/None
frontageLength:53.09
windowFeatures:Window Coverings
drivewayParking:Outside/Surface/Open, Private Drive Double Wide
taxAnnualAmount:6060
transactionType:Sale
elementarySchool:Westmount P.S., Macgregor P.S., Our Lady Of Lourdes
roadFrontageType:Public Road
utilitiesExpense:4900
buildingAreaUnits:Square Feet
farmLandAreaUnits:Square Feet
lotSizeDimensions:184.44 x 53.09
offerInstructions:Offers welcome anytime.
openParkingSpaces:15
propertyCondition:31-50 Years
licensedDwellingYN:yes
leaseToOwnEquipment:None
aboveGradeFinishedArea:2200
belowGradeFinishedArea:800
associationFee2Frequency:Monthly
hstApplicableToSalePrice:Included
aboveGradeFinishedAreaUnits:Square Feet
belowGradeFinishedAreaUnits:Square Feet
ratioCurrentPriceByAboveGra:476.81818
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