$575,000

For sale

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77 CEDAR Street South, Kitchener - Multi-family for Sale

77 CEDAR Street South, Kitchener, Ontario, N2G3L6

5 beds3 baths2 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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$575,000

Kitchener

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Overview

This multi-family property in Kitchener is for sale offering roughly 1,788 sq ft of space. It has been on the market 25 days, fresher than the Kitchener average of 53 days.

Multi-Family Properties for Sale in Kitchener →All real estate in Kitchener →

Description

WELCOME TO YOUR NEXT INVESTMENT PROPERTY! All savvy investors, pay attention. Legal Triplex with 3 units currently rented. Location, location, location! Only 240 metres to the Kitchener Market Station for easy LRT access for your tenants but still has parking for 2 vehicles. Photos of Unit 3 show the great floor plan of this basement unit, complete with gas fireplace and newly renovated (2024) kitchen with vinyl plank flooring. 2 two bedroom units, and 1 one bedroom unit make this very manageable for new or seasoned landlords. Shared laundry with a coin dryer for extra income. Book your viewing today! (id:66096)

Property Details

MLS®: 40866401
Property Type: Multi-family
Zoning: SGA-1
Bedrooms: 5
Bathrooms: 3
Parking: 2
Interior Size: 1,788 ft²
Frontage: 34 ft
Units: 3
Year Built: 1900
Storeys: 2
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: None
Ownership: Freehold
Property Tax: $4,878.82/yr
Listed: 25 days ago

Features

Exterior: Brick, Vinyl siding
Lot Features: 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

25d

Kitchener listings, avg age

53d

Price / ft²

$322

List price

$575K

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 5-bed multi-family in Kitchener has been listed for 25 days, which is 28 days fresher than the city average of 53. Act while there is still low competition.

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Listed by Royal LePage Wolle Realty · KRISTA JONKER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2G)

This home lists at $575,000, about 9.2× the local median household income of $62,400.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 80% 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)

$575,000· $322/ft²

For sale

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Full Cost Breakdown

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Down Payment5.65% · $32,500

Min 5.65%50%

Mortgage payment$3,008/mo

↳ CMHC premium ($21,700 capitalized)

Property tax (est.)$407/mo

Total monthly$3,414

Cash Needed to Close

Down payment (5.65%)$32,500

Land transfer tax$7,975

Est. closing costs$4,225

Total cash needed$44,700

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