A RARE OPPORTUNITY TO OWN A PROPERTY FEATURING THREE LEGAL UNITS in a friendly, established neighbourhood. Whether you're looking for the perfect multi-generational setup, a mortgage helper, or a turnkey investment, this versatile property offers exceptional flexibility. The main level features a bright, open-concept living and dining area filled with natural light, three generously sized bedrooms, and a full bathroom, creating a comfortable space to call home. The finished lower level is a fully self-contained two-bedroom suite complete with its own kitchen, offering privacy and independence for extended family or rental income. Adding even more value is the detached legal one-bedroom accessory dwelling unit, complete with its own kitchen, bathroom, and in-suite laundry, providing a completely separate living space for family, guests, or tenants. Situated on one of the larger lots in the neighbourhood, measuring approximately 52' x 109', the fully fenced backyard offers generous outdoor space for everyone to enjoy. Ideally located on a quiet street close to schools, parks, shopping, public transit, the ION LRT, and major highways, convenience is right at your doorstep. Recent updates include new flooring throughout, custom built-in cabinetry, a 200-amp electrical service, and an on-demand water heater (2021). Live in the spacious main unit while the two additional legal units help offset a significant portion of your monthly living expenses, create an ideal multi-generational living arrangement where everyone can enjoy their own private space, or take advantage of the property’s full investment potential with projected rental income of approximately $5,600 per month ($67,200 annually). Vendor Take-Back financing is available with a minimum 30% down payment, providing additional flexibility for qualified buyers. With a projected cap rate of over 6%, this is a rare opportunity for both owner-occupiers and investors in today’s market. (id:66096)
Property Details
MLS®
40861923
Property Type
Single Family
Zoning
R2
Bedrooms
6
Beds (above / below)
4 above · 2 below
Bathrooms
3
Parking
4
Interior Size
1,927 ft²
Frontage
52 ft
Year Built
1958
Storeys
1
Style
Bungalow
Basement
Finished, Full
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Garage
Detached Garage
Ownership
Freehold
Property Tax
Rooms
Main level
3pc Bathroom
Bedroom
10'0'' x 9'5''
Living room
13'0'' x 7'4''
Kitchen
13'0'' x 9'5''
5pc Bathroom
Bedroom
11'7'' x 12'1''
Bedroom
9'3'' x 9'9''
Primary Bedroom
12'8'' x 10'2''
Kitchen/Dining room
12'8'' x 21'1''
Living room
11'7'' x 18'4''
Basement
Laundry room
8'3'' x 11'8''
Features
Appliances
Water softener
Foundation
Poured Concrete
Exterior
Brick Veneer
Lot Features
Paved driveway, Private Yard
Services
Water
Municipal water
Sewer
Municipal sewage system
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
55d
Kitchener listings, avg age
54d
Price / ft²
$493
List price
$950K
Long Listed: 55 days on market, against an average age of 54 days across the listings currently for sale in this city
Market timing · days on market0 → 54d avg age of current listings
Long Listed · day 55
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 6-bed single family in Kitchener is available now. Want me to connect you with the agent or keep you posted on any price updates?
Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
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$5,609.93/yr
Listed
55 days ago
4pc Bathroom
Bedroom
12'11'' x 11'5''
Bedroom
17'3'' x 10'7''
Kitchen
24'3'' x 11'8''
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
