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$1,099,000
Est. payment /mo
6 Beds
5 Baths
2,651 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2651
Square Footage 2,651 sqft
Price per Sqft $414
Subdivision 311 - Downtown/Rockway/S. Ward
MLS® Listing ID 40860922
Bedrooms 6
Property Sub-Type Freehold
Property Description
An exceptional investment opportunity in the heart of Kitchener! This beautiful legal century triplex combines timeless character with extensive modern upgrades, offering investors a truly turnkey addition to their portfolio. Ideally located just a short walk from Downtown Kitchener and the Kitchener Market LRT stop, the property provides tenants with convenient access to transit, restaurants, shopping, entertainment and everything the downtown core has to offer. Currently generating an impressive 4.6% cap rate, all three units are occupied by great young professional tenants paying market rents plus utilities, providing strong and reliable income from day one. The property has undergone substantial upgrades, including updated plumbing and electrical, forced-air furnaces, water heaters, roof, windows, aluminum fascia, soffits and eaves. The interiors have also been thoughtfully updated with new kitchens, bathrooms, flooring, stainless steel appliances and much more, creating attractive, comfortable living spaces that appeal to today's tenants. With its combination of legal triplex status, market rents, extensive capital improvements and a highly walkable location, this is a rare opportunity to acquire a well-maintained, income-producing property with the character of a century home and the major updates already taken care of. A fantastic investment in one of Kitchener's most convenient and connected locations! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating , Forced air,
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 4
Garage No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by RE/MAX Twin City Realty Inc.
NEARBY SCHOOLS & PROPERTIES
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Kevin Scharfenberg
Personal Real Estate Corporation License ID: 180491
Personal Real Estate Corporation License ID: 180491