$875,000

Investment For Sale In Mt. Hope Huron Park, Kitchener, Ontario

$875,000

Property Information:

Centrally located close to DTK and Uptown Waterloo, a corner location, all-brick purpose-built triplex offering a well-maintained building with an attractive unit mix of two 2-bedroom suites plus one bachelor unit in the basement. The property also features a detached two-car garage, providing valuable on-site parking or potential for additional income. The building is heated by gas boiler and separately metered hydro for each unit, helping to control operating expenses. Current average rent is $1,264 per month, with an additional $2,640 annual income for parking and garage rentals, this supported by quality tenants, with future rental upside potential. Key updates include: Boiler (2010), Roof (2011), Driveway (2013) and Windows (2015). A solid, turnkey multifamily asset in a convenient central location with strong fundamentals and room for growth. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Triplex
  • Basement Development: Partially finished
  • Basement Type: Full
  • Exterior Finish: Brick
  • Floor Space: 1868 sqft
  • Heating Type: Other
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Water softener

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 4
  • Bathrooms: 3
  • Access Type: Highway access
  • Amenities Nearby: Public Transit, Schools
  • Features: Laundry- Coin operated
  • Floor Space (approx): 1868 Square Feet
  • Lot Frontage: 54 Feet
  • Zoning: RES-4
  • Sewer: Municipal sewage system
  • Parking Type: Detached garage
  • No. of Parking Spaces: 6

Courtesy of: Royal LePage Wolle Realty

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.