UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $749
MLS Listing ID 40842052
Bedrooms 5
Full Baths 2
Abv Grd Liv Area 2,000
Year Built 1970
Annual Tax Amount $4,173
Property Sub-Type Single Family Residence
Source Cornerstone
Property Description
Situated on a generous 50-foot-wide lot, this turn-key property has been extensively renovated from top to bottom. Major updates have already been completed, including mechanical systems, leaving nothing to do but move in and enjoy. The upper-level unit is currently occupied by an excellent family paying $2,500 per month, providing immediate income from day one.
The vacant lower-level legal apartment offers exceptional flexibility and offers 2 large bedrooms, spacious living room, and large windows allow the rooms to fill with light. Live in one unit while collecting rent from the other, accommodate extended family, or maximize your investment by renting both units. Outside, you'll appreciate the newly widened driveway with parking for 5 to 6 vehicles, making it ideal for multi-generational living, tenants, guests, or hobbyists needing extra space.
Whether you're a first-time buyer looking for mortgage assistance, an investor seeking a turn-key income property, or someone looking for flexible living arrangements, this property checks all the boxes.
Please note: Photos of the upper-level unit were taken prior to the current tenancy. The unit is presently occupied by wonderful tenants who pay on time and would be happy to stay. Opportunities offering this combination of renovation, income potential, and flexibility are hard to find.
Own a great home in a great neighbourhood—while your tenant helps pays most of the mortgage.
Location
Province ON
County Waterloo
Area 15 - Preston
Zoning R4
Direction Fountain ST North to Kitchener Road to Cyrus.
Rooms
Basement Separate Entrance, Full, Finished
Kitchen 2
Interior
Interior Features In-law Capability
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Appliance Water Heater Owned, Water Softener, Built-in Microwave, Dishwasher, Dryer, Gas Oven/Range, Hot Water Tank Owned, Microwave, Refrigerator, Stove, Washer
Laundry In Basement, Lower Level, Upper Level
Exterior
Exterior Feature Privacy
Parking Features Asphalt
Roof Type Asphalt Shing
Lot Frontage 50.0
Lot Depth 101.0
Garage No
Building
Lot Description Urban, Rectangular, Highway Access, Park, Quiet Area, Shopping Nearby
Faces Fountain ST North to Kitchener Road to Cyrus.
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal-Metered
Structure Type Brick
New Construction No
Others
Senior Community false
Tax ID 037690160
Ownership Freehold/None
Nearby Locations
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Doug Folsetter
Sales Representative | License ID: 4729737
Sales Representative License ID: 4729737