5 Beds
2 Baths
2,116 SqFt
5 Beds
2 Baths
2,116 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 2,116 sqft
Price per Sqft $359
MLS Listing ID 40835012
Bedrooms 5
Abv Grd Liv Area 2,116
Annual Tax Amount $5,168
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Duplex Up/Down
Source Cornerstone
Property Description
This current legal duplex is ideally located just down the street from Victoria Park, across from the Tannery Building, and only a few blocks from Google and many major financial institutions. Public transit is exceptionally convenient, with the ION LRT stop nearby, GRT transit within walking distance, and several additional transportation options close at hand.
This duplex features a 2-bedroom unit on the main floor and with a 3-bedroom unit on the upper floor with an attic loft, while still preserving much of its original historic charm. The property also benefits from two separate driveways located on both sides of the home, helping eliminate parking concerns for tenants. A separate detached garage, currently rented by a tenant, offers excellent flexibility for hobbyists, car enthusiasts, or additional income potential.
Situated on a large deep lot within the desirable zoning of SGA-1 Strategic Growth Area that allows for potential income opportunities. Under the current zoning and applicable City of Kitchener bylaws, there is potential for additional dwelling units, including one accessory unit in the basement and another within the detached garage, subject to all required municipal approvals and permits.
Whether you are looking to enter the housing market with strong mortgage-helper potential or seeking a smaller investment property with long-term upside and intensification opportunities, this is an outstanding opportunity in the heart of downtown Kitchener.
Location
Province ON
County Waterloo
Area 2 - Kitchener East
Zoning SGA-1
Direction Joseph and Water Street
Rooms
Basement Full, Unfinished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Forced Air
Cooling None
Fireplace No
Laundry Shared
Exterior
Parking Features Detached Garage
Garage Spaces 1.0
Waterfront Description Lake/Pond
Roof Type Asphalt
Lot Frontage 58.8
Lot Depth 125.0
Garage Yes
Building
Lot Description Rectangular, City Lot, Hospital, Library, Major Anchor, Open Spaces, Park, Place of Worship, Playground Nearby, Public Parking, Quiet Area, Schools, Shopping Nearby, Trails
Faces Joseph and Water Street
Story 2
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 224280196
Ownership Freehold/None
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