Space
Finished area and layout
- Living Area
- 1,927 sqft
- Above Grade
- 1,030 sqft (Other)
- Below Grade
- 897 sqft (Other)
- Finished Breakdown
- Above 1,030 sqft + Below 897 sqft
- Bedrooms
- 6
- Bathrooms
- 3
+45 more
6
Bedrooms
3
Bathrooms
1,927 sqft
Living Area
52.0 feet frontage
Lot
1958
Year Built
Property Snapshot
Key details for this listing
MLS #40862171
Property
Type, style and structure
About This Property
This 6-bedroom, 3-bathroom multi-family in Kitchener offers 1,927 sqft of living area on a 52.0 feet frontage lot. Built in 1958, 1 storey. The home features forced air, natural gas heating, central air conditioning, a finished, full basement.
MLS Remarks
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:60351)
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