197 Brandon Ave
Kitchener, N2M 2J2
FOR SALE
$1,499,900
Sold
$1,450,000
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8
BEDROOMS5
BATHROOMS5
KITCHENS19
ROOMSX5471747
MLSIDContact Us
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-01-13 | 2022-03-07 | 53 | $1,499,900 | $1,450,000 | Sold |
| 2021-07-28 | 2021-12-15 | 141 | $1,499,000 | - | Expired |
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Property Description
Terrific Investment Property Located In The Prestigious Neighbourhood Of Old Westmount. This Mature Building Contains A Total Of 5 Fully Filled Units; Four - 2 Bedroom Apartments (Approx. 1000 Square Feet Each With Porch/Sunroom) As Well As 1 Bachelor. An Interior Garage Is Available For Each Of The 2-Bedrooms And In-Building Coin Laundry Is Shared By All Tenants. Close To Schools, Transit, And Walking To All The Shops, Dining And Entertain Within Belmont Village
Extras
Interboard Listing With Kitchener Waterloo Association Of Realtors*
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Similar Listings
ATTENTION VALUE-ADD INVESTORS! This purpose built sixplex currently consists of large 2 bedroom units generating $83k/yr in gross income. With a design to renovate and optimize this property adding 4 additional units, this property could generate over $211k/yr in gross income. This project is also a great opportunity to take advantage of the CMHC MLI Select program offering competitive interest rates and 40+yr amortizations. As per Bill 23 in Ontario any projects 10 units and under are exempt from site-plan approval. This project has not yet applied for permit but preliminary discussions with the city have been positive. Buyer to do their own due diligence. Reach out today for more information and for current and projected financials.
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