UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex Side/Side
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40778343
Bedrooms 4
Annual Tax Amount $4,151
Property Sub-Type Duplex Side/Side
Source Cornerstone
Property Description
Exceptional opportunity to own a fully legal duplex with an additional in-law suite, ideally located just a short walk to downtown Kitchener and the LRT. Situated on a rare, oversized lot with parking for up to 5 vehicles, this property offers space, versatility, and excellent income potential.
Featuring two bright and spacious 2-bedroom units plus a separate 1-bedroom in-law suite with its own private entrance, this home is perfect for investors or owner-occupiers seeking strong rental income with minimal maintenance. Each unit is self-contained with separate laundry facilities and separate utilities, allowing tenants to pay their own expenses and maximizing net returns.
Recent updates include a brand-new roof (installed just a few weeks ago) and a newer furnace, providing peace of mind and reduced operating costs. Current rents are $1,875 and $1,600, with the in-law suite currently vacant and estimated to rent for approximately $1,200 per month, offering flexibility to choose your next occupant or enjoy the space for personal use. Free professional tenant placement is included, ensuring a smooth and hassle-free transition for the new owner.
With its unbeatable location, solid income, and rare large lot so close to the city core, this property is an outstanding investment or multi-generational living opportunity. Don't miss your chance to own a turn-key property in one of Kitchener's most convenient and sought-after neighbourhoods!
Location
Province ON
County Waterloo
Area 3 - Kitchener West
Zoning SGA-1
Direction CEDAR
Rooms
Basement Walk-Up Access, Full, Finished
Kitchen 0
Interior
Interior Features Accessory Apartment
Heating Natural Gas
Cooling Central Air
Fireplace No
Laundry In-Suite
Exterior
Roof Type Asphalt Shing
Lot Frontage 32.0
Lot Depth 155.0
Garage No
Building
Lot Description Irregular Lot, Other
Faces CEDAR
Story 2
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Brick
New Construction No
Others
Senior Community false
Tax ID 225020078
Ownership Freehold/None
Nearby Locations
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Doug Folsetter
Sales Representative | License ID: 4729737
Sales Representative License ID: 4729737