$819,000

For saleJust listed

376 South VICTORIA Street South, Kitchener - Multi-family for Sale

376 South VICTORIA Street South, Kitchener, Ontario, N2M3A5

4 beds3 baths6 parking2,400 ft²Listed 2 days ago

Overview

This multi-family property in Kitchener is for sale offering roughly 2,400 sq ft of space. It has been on the market 2 days, fresher than the Kitchener average of 53 days.

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Description

Are you looking for well-maintained, money maker property or owner occupied one unit comfortably living and collect two other units’ rents? Here is your opportunity. Remarkable and exceptional Investment Opportunity in High-Growth Corridor/innovation district. A great legal triplex in the west part of downtown Kitchener. Only walking distance to all amenities, shopping, schools, transit, LRT, Victoria Park. This rare and meticulously maintained triplex offers an incredible peace of mind for the lucky buyer since the seller paid lots of attention to the details in here. This might be a perfect multi-generational living arrangement for families looking to share a roof while maintaining their own private spaces. Renovations include not limited to: New metal roof & shed with 50 years warranty, Paved lane way (2023), Renovated Garage (2025), Battery Back-up sump pump (2026), Upgraded Plumbing/Electrical done by Licensed Technicians, Central Air,paved driveway (for 4 cars) 2023, 3, three pane windows, renovated kitchen and bathrooms, paintings all over and more. Additional features, larger lot for future development, good size detached 2 car garage (workshop), 2 decks, and nice backyard. This is a remarkable asset for your portfolio or best starter investor. It has been manage to make it vacant and ready for the next owner to decide if live in it or choose his/her tenants. (id:66096)

Property Details

MLS®: 40875244
Property Type: Multi-family
Zoning: SGA-2
Bedrooms: 4
Bathrooms: 3
Parking: 6
Interior Size: 2,400 ft²
Frontage: 61 ft
Units: 3
Storeys: 2
Basement: Finished, Full
Heating: Forced air
Cooling: Central air conditioning
Garage: Detached Garage
Ownership: Freehold
Property Tax: $5,483/yr
Listed: 2 days ago

Features

Exterior: Brick
Lot Features: Sump Pump, Private Yard

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Kitchener listings, avg age

53d

Price / ft²

$341

List price

$819K

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 2 days, which is 51 days fresher than the city average of 53. Act while there is still low competition.

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Listed by RE/MAX Twin City Realty Inc. · Jafar Konoodi

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2M)

This home lists at $819,000, about 11.5× the local median household income of $71,500.

Carrying it typically needs a household income of about $159,979 (20% down, 25-yr amortization, stress-tested) — roughly 124% above the area median.

Median household income: $71,500
Population: 36,494
Median age: 36.4
Owner / renter: 46% / 54%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N2M)

$819,000· $341/ft²

For sale

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Full Cost Breakdown

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Down Payment6.95% · $56,900

Min 6.95%50%

Mortgage payment$4,225/mo

↳ CMHC premium ($30,484 capitalized)

Property tax (est.)$457/mo

Total monthly$4,682

Cash Needed to Close

Down payment (6.95%)$56,900

Land transfer tax$12,855

Est. closing costs$4,957

Total cash needed$74,712

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