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Chris Adams

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

Listed by Dustin Forrester • ROYAL LEPAGE CROWN REALTY SERVICES INC.

$ 961,066

Est. payment | -/mo

4 Beds

4 Baths

2,110 SqFt

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$ 961,066

Est. payment | -/mo

Save Virtual Tour

4 Beds

4 Baths

2,110 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,110 sqft

Price per Sqft $455

MLS Listing ID 40803568

Bedrooms 4

Abv Grd Liv Area 2,110

Year Built 1900

Annual Tax Amount $4,354

Property Sub-Type Multi-3 Unit

Source Cornerstone

Property Description

Attractive 6% CAP rate and strong rents ($57,664.00 Net operating income!) on this turn-key, legal triplex, perfect for an investor to add to their portfolio or first time buyer planning to take over the main unit and benefit from market rents on two more units. Highly resilient rental income driven by three modern above ground units with full amenities (laundry, etc in unit) and unique outdoor spaces facing scenic Cedar Hills Park (2 of 3). Tenant in largest main floor unit willing to stay on as month-to-month or provide vacant possession at closing on buyers request. Current owners have significantly upgraded property over eight year ownership, including backyard fence, backyard large lower deck, new roof, 6+ new major appliances (dishwashers/laundry/fridge). Located in the heart of Cedar Hill, just a few minutes walk to the LRT, downtown Kitchener and the market, and offering 6 parking spaces, this investment is easy to own - Landlord provides shovels and salt, tenants clear own snow as stipulated in leases, creating significant savings in maintenance costs. Rear lower unit: $2,450, Rear upper unit: $1,640, Front upper unit: $1,520 (excludes sep. metered hydro, includes heat and water). Detailed financial reports available!

Location

Province ON

County Waterloo

Area 3 - Kitchener West

Zoning R5

Direction Benton to St. George

Rooms

Other Rooms Shed(s), Storage

Basement Full, Unfinished

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Natural Gas, Radiator

Cooling Wall Unit(s)

Fireplace No

Appliance Water Softener, Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Roof Type Asphalt Shing

Lot Frontage 40.0

Lot Depth 119.27

Garage No

Building

Lot Description Ample Parking, Business Centre, City Lot, Near Golf Course, Highway Access, Library, Open Spaces, Park, Schools, Shopping Nearby

Faces Benton to St. George

Story 2

Foundation Block, Brick/Mortar

Sewer Sewer (Municipal)

Water Municipal

Structure Type Aluminum Siding,Brick

New Construction No

Others

Senior Community No

Tax ID 225030028

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

97 St George Street Kitchener, ON N2G 2T2

Chris Adams

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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97 St George Street