$1,350,000

For sale

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105 Dixon Street, Kitchener - Multi-family for Sale

105 Dixon Street, Kitchener, Ontario, N2G3E8

10 beds6 baths10 parking ft²

46 Traynor Avenue, Kitchener, Ontario, N2C1V9

5 bd4 ba5 pk900 ft²Lot size 55 × 110 ft (6,033 sq ft)

Listed by CENTURY 21 MILLENNIUM INC.

376 South VICTORIA Street South, Kitchener, Ontario, N2M3A5

For saleJust listed

2 days ago

$819K

376 South VICTORIA Street South, Kitchener, Ontario, N2M3A5

4 bd3 ba6 pk2,400 ft²

Listed by RE/MAX Twin City Realty Inc.

55 ISAIAH Drive, Kitchener, Ontario, N2E0B2

For saleJust listed

4 days ago

$990K

55 ISAIAH Drive, Kitchener, Ontario, N2E0B2

4 bd4 ba4 pk3,563 ft²

Listed by RE/MAX Real Estate Centre Inc.

6 HILLSIDE Drive, Kitchener, Ontario, N2E1R2

For saleJust listed

5 days ago

$750K

6 HILLSIDE Drive, Kitchener, Ontario, N2E1R2

4 bd3 ba5 pk1,575 ft²

Listed by Re/Max Twin City Realty Inc.

Investment analysis

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$1,350,000

Kitchener

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Description

Turn-key investment opportunity offering an attractive 6.36% cap rate! This tenanted six-unit property features a desirable mix of two one-bedroom units and four two-bedroom units, all updated and providing comfortable living spaces for residents. Separate hydro meters simplify utility management, while shared coin-operated laundry offers an additional amenity. Residents can also enjoy a shared green space and a newly paved parking lot with ample parking. An excellent opportunity for investors seeking an established multi-residential property with rental income in place and strong investment potential in the Kitchener market. (id:66096)

Property Details

MLS®: X14087114
Property Type: Multi-family
Bedrooms: 10
Beds (above / below): 8 above · 2 below
Bathrooms: 6
Parking: 10
Interior Size: 4,250 ft²
Lot Size: 70 × 120 ft (8,366 sq ft)
Frontage: 70 ft
Storeys: 3
Basement: Finished, Full
Heating: Baseboard heaters, Radiant heat, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $9,026.5/yr
Listed: 19 days ago

Market Timing

Days on market

19d

Kitchener listings, avg age

53d

Price / ft²

$318

List price

$1.35M

Homes here sell faster than most markets

Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (N2G)

This home lists at $1,350,000, about 21.6× the local median household income of $62,400.

Carrying it typically needs a household income of about $263,702 (20% down, 25-yr amortization, stress-tested) — roughly 323% above the area median.

Median household income: $62,400
Population: 14,580
Median age: 38
Owner / renter: 31% / 69%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA N2G)

$1,350,000· $318/ft²

For sale

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Full Cost Breakdown

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Down Payment8.15% · $110,000.00

Min 8.15%50%

Mortgage payment$6,875/mo

↳ CMHC premium ($49,600 capitalized)

Property tax (est.)$752/mo

Total monthly$7,627

Cash Needed to Close

Down payment (8.15%)$110,000

Land transfer tax$23,475

Est. closing costs$6,550

Total cash needed$140,025

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

105 Dixon Street, Kitchener - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (N2G)

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