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$899,000
Kitchener
283 BECKER Street, Kitchener, Ontario, N2B1X8
This multi-family property in Kitchener is for sale offering roughly 2,407 sq ft of space. It has been on the market 20 days, fresher than the Kitchener average of 53 days.
Well-cared-for and recently updated purpose-built triplex in the Heritage Park/Rosemount area! Ideally located just a short drive from Stanley Park and within walking distance of grocery stores, shopping, public transit, and everyday amenities, with convenient access to the expressway. This investment property features three self-contained residential units. MAJOR UPDATES AND RENOVATIONS! Two units have been completely renovated, including updated electrical and plumbing in 2023. Additional improvements include a renovated main entrance and stairwell with new flooring, an updated laundry and furnace room, fresh paint, new flooring, updated window sills, an asphalt driveway, and a concrete walkway. The high-efficiency gas furnace was replaced less than a year ago. The property also features a double detached garage, additional outdoor parking for a minimum of four vehicles, depending on vehicle sizes and arrangement, an outdoor storage/garden shed, and a cold cellar. Currently occupied by long-term tenants, this property offers established rental income and an opportunity for investors looking to add a multi-unit residential property to their portfolio. Conveniently situated close to shopping, transit, parks, schools, and major commuter routes, this property combines an established rental setup with a convenient location. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 20 days on market, against an average age of 53 days across the listings currently for sale in this city
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.
This 5-bed multi-family in Kitchener has been listed for 20 days, which is 33 days fresher than the city average of 53. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $899,000, about 11.1× the local median household income of $81,000.
Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 117% above the area median.
Source: Statistics Canada, 2021 Census (FSA N2B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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