John DiRenzo, Sales Representative • Phone: 519-857-3490 • https://www.homechannel.ca RE/MAX Centre City John DiRenzo Team Brokerage

59 Brandon Avenue, Kitchener, ON, N2M 2J2 | MLS 40590537: For Sale

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59 Brandon Avenue, Kitchener

Brokered by: SMART FROM HOME REALTY LIMITED

MLS® ID 40590537

$1,099,000.00 For Sale | Residential Income

FOR SALE
Type: Residential Income 
Property Type: Multi-3 Unit
MLS® District: 4 - Waterloo West / 415 - Uptown Waterloo/Westmount
County: Waterloo
Postal Code: N2M 2J2
New Construction Y/N:  No
Stories Total: 3
Bedrooms Total:  9
Number Of Units Total:  4


     
Cross Street: Marina Road
Directions: PT LT 74 PL 852 KITCHENER AS IN 1096220;
Exterior Features: Balcony
Interior Features: None
Appliances:  Refrigerator,Stove
Inclusions:  Smoke Detector,Window Coverings
Exclusions:  Tenant's Belongings
Lot Depth:  184.44
Lot Size: 184.44 x 53.09 53.09  Fronting: North
Lot Size Square Feet:  9321.84
Lot Size Acres:  0.214 Acres
Lot Features:  Rectangular,Dog Park,Near Golf Course,Hospital,Library,Park,Place of Worship,Playground Nearby,Public Transit,Quiet Area,Schools,Trails
Acres Range:  < 0.5

Elementary School:  Westmount P.S., Macgregor P.S., Our Lady Of Lourdes
High School:  Kitchener-Waterloo C.I., Resurrection Catholic S.S.
Driveway Parking:  Outside/Surface/Open,Private Drive Double Wide
Garage Spaces:  0
Parking Total:  15
Covered Spaces:  0
Open Parking Y/N:  true
Open Parking Spaces:  15

Building Area Total Aprx.:  3000 Square Feet
Finished SqFt Aprx. (Above Grade):  2200 Square Feet
Finished SqFt Aprx. (Below Grade):  800 Square Feet
Laundry Features:  Common Area
Exterior: Cement Siding
Window Features: Window Coverings
Roof:  Fiberglass
Basement:  Separate Entrance,Full,Finished
Security Features:  Smoke Detector,Carbon Monoxide Detector(s)
Sewer:  Sewer (Municipal)
Water:  Municipal
Heating:  Forced Air,Natural Gas,Other
Cooling:  None
Fireplace Y/N:  false
Crops Included Y/N:  No
Net Income:  78000
WaterFront Y/N:  No
Fencing:  Fence - Partial
Foundation Details:  Poured Concrete
Age Furnace:  2022
Age Tank:  2022
Road Frontage Type:  Public Road
Expenses:  Actual
Utilities Expense:  4900


Remarks: 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 50 foot frontage by 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. Dont miss out on this exceptional opportunity!


Contact Us!

59 Brandon Avenue, Kitchener ON N2M 2J2 | MLS ID® 40590537
For More Information or Schedule a Showing, send John a Message or Call 519-857-3490
John DiRenzo, Sales Representative | RE/MAX Centre City John DiRenzo Team Brokerage


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