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Chris Adams

chris.adams@easyhometeam.ca +1(519) 804-1978

Listed by Jason Baronette • RED AND WHITE REALTY INC.

$ 850,000

Est. payment | -/mo

7 Beds

3 Baths

2,925 SqFt

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$ 850,000

Est. payment | -/mo

Save

7 Beds

3 Baths

2,925 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,925 sqft

Price per Sqft $290

MLS Listing ID 40815016

Bedrooms 7

Abv Grd Liv Area 3,183

Year Built 1893

Annual Tax Amount $6,281

Property Sub-Type Multi-3 Unit

Source Cornerstone

Property Description

Looking for a mortgage helper, turnkey income property, long-term investment, development opportunity or triple garage right in the heart of Kitchener? Then 31 Bingeman is worth exploring! This well-maintained triplex offers three large, bright and spacious units with attractive layouts that appeal to both owners and tenants alike. Live in one unit – offset the mortgage with the other 2! Each unit is separately metered for hydro, plus huge detached garage with hydro too– great for workshop, extra vehicles, additional rental income, hobby space, potential storage, etc – so many possibilities! In addition to a great house-hack opportunity, savvy investors will love this for a stable multi-residential property in a growing market. Situated on a large 8,999 sq ft lot, the property offers 9 PARKING SPACES, and long-term upside as the city continues to grow. For those seeking larger development potential and income - let your imagination fly! The generous lot size also presents potential future opportunities such accessory dwelling unit/sever and multiplex/ further residential development etc. Located close to transit, shopping, restaurants, key amenities. Just minutes walk from Centre in the Square and Kitchener public Library, LRT City Hall Station and Brubacher Green Park for the kids. This versatile property offers good current income with exciting future potential. Each unit is full of character - must see to appreciate!

Location

Province ON

County Waterloo

Area 2 - Kitchener East

Zoning R-5 129U

Direction Weber to Langcaster to Bingemans

Rooms

Basement Partial, Partially Finished

Kitchen 0

Interior

Interior Features None

Heating Forced Air, Radiator

Cooling Central Air, Ductless

Fireplace No

Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry Common Area, In-Suite

Exterior

Parking Features Detached Garage

Garage Spaces 3.0

Roof Type Asphalt Shing

Lot Frontage 66.0

Lot Depth 135.96

Garage Yes

Building

Lot Description Rectangular, Public Transit, School Bus Route, Schools

Faces Weber to Langcaster to Bingemans

Story 2

Foundation Concrete Block

Sewer Sewer (Municipal)

Water Municipal

Structure Type Aluminum Siding,Brick,Shingle Siding

New Construction No

Others

Senior Community No

Tax ID 225130030

Ownership Freehold/None

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Chris Adams

Broker

chris.adams@easyhometeam.ca

+1(519) 804-1978

1440 King Street North St. Jacobs, ON, N0B, 2N0, CAN

31 Bingeman Street Kitchener, ON N2H 2R7

Chris Adams

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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31 Bingeman Street