$899,900

For sale

207 SHELDON Avenue North, Kitchener - Multi-family for Sale

207 SHELDON Avenue North, Kitchener, Ontario, N2H3M7

4 beds2 baths8 parking2,956 ft²Listed 21 days ago

Overview

This multi-family property in Kitchener is for sale offering roughly 2,956 sq ft of space. It has been on the market 21 days, fresher than the Kitchener average of 53 days.

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Description

**Excellent Investment Opportunity – VACANT Legal Duplex with Double Garage!** Set your own rent!!! Well-maintained legal duplex offering two spacious **2-bedroom units**, making it an ideal addition to your investment portfolio or a great opportunity for an owner-occupier. The units are vacant providing immediate occupancy or the ability to set your own market rent, Separate furnaces ,Ac units , breaker panels and hot water heaters The property was **extensively renovated in 2017**, with updates throughout that enhance both functionality and appeal. The **finished basement** provides abundant storage space and features a **coin-operated laundry** for added convenience and income potential. Additional highlights include a **double detached garage**, a **coded side entrance** for secure access, separate living spaces, and a low-maintenance layout designed for investors and tenants alike. Conveniently located close to shopping, schools, public transit, parks, and major amenities. (id:66096)

Property Details

MLS®: 40851852
Property Type: Multi-family
Zoning: R2B
Bedrooms: 4
Bathrooms: 2
Parking: 8
Interior Size: 2,956 ft²
Frontage: 53 ft
Units: 2
Year Built: 1960
Storeys: 2
Basement: Partially finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Open
Ownership: Freehold
Property Tax: $6,380/yr
Listed

Features

Exterior: Brick Veneer
Lot Features: Cul-de-sac, Laundry- Coin operated

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Kitchener listings, avg age

53d

Price / ft²

$304

List price

$900K

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.

Haho

This 4-bed multi-family in Kitchener has been listed for 21 days, which is 32 days fresher than the city average of 53. Act while there is still low competition.

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Listed by RE/MAX SOLID GOLD REALTY (II) LTD. · ANNETTE BLAKE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2H)

This home lists at $899,900, about 12.2× the local median household income of $73,500.

Carrying it typically needs a household income of about $175,782 (20% down, 25-yr amortization, stress-tested) — roughly 139% above the area median.

Median household income: $73,500
Population: 22,456
Median age: 38.4
Owner / renter: 49% / 51%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA N2H)

$899,900· $304/ft²

For sale

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Full Cost Breakdown

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Down Payment7.22% · $64,990

Min 7.22%50%

Mortgage payment$4,629/mo

↳ CMHC premium ($33,396 capitalized)

Property tax (est.)$532/mo

Total monthly$5,161

Cash Needed to Close

Down payment (7.22%)$64,990

Land transfer tax$14,473

Est. closing costs$5,200

Total cash needed$84,663

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