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$649,000
Kitchener
40 WOODLAND Avenue, Kitchener, Ontario, N2M3G7
This multi-family property in Kitchener is for sale offering roughly 2,179 sq ft of space. It has been on the market 26 days, fresher than the Kitchener average of 54 days.
Charming Century Home in a Prime Downtown Location! This beautifully renovated legal duplex offers exceptional flexibility for homeowners and investors alike. Featuring 3+1 bedrooms with potential for a loft conversion, the home has been extensively updated from top to bottom. Live comfortably in the main residence while generating income from the lower-level suite, or accommodate extended family with ease. Enjoy a spacious, tree-lined backyard, an oversized family room highlighted by a stunning fireplace, and walkout access to a large deck perfect for entertaining. The lower-level suite includes a separate entrance and private laundry. Separate laundry facilities are available for each unit, providing added convenience and independence. An oversized driveway provides ample parking. Conveniently located within walking distance to schools, parks, shopping, restaurants, and everyday amenities. Major updates completed in 2018 include kitchens, flooring, plumbing, electrical, HVAC, central air conditioning, deck, and most windows and doors. With a potential rental income of approximately $50,000 per year, this property presents an outstanding opportunity for both investors and owner-occupants. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 26 days on market, against an average age of 54 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 4-bed multi-family in Kitchener has been listed for 26 days, which is 28 days fresher than the city average of 54. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $649,000, about 9.1× the local median household income of $71,500.
Carrying it typically needs a household income of about $126,772 (20% down, 25-yr amortization, stress-tested) — roughly 77% above the area median.
Source: Statistics Canada, 2021 Census (FSA N2M)
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Loading rates, 30-yr amortization
Cash Needed to Close
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