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$1,100,000
Est. payment /mo
8 Beds
3 Baths
2,174 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,174 sqft
Price per Sqft $505
Subdivision 323 - Victoria Hills
MLS® Listing ID 40687869
Bedrooms 8
Originating Board Cornerstone - Waterloo Region
Year Built 1970
Property Sub-Type Freehold
Property Description
Discover a prime investment opportunity in Victoria Hills with this all-brick, purpose-built Triplex. Nestled close to downtown Kitchener, this property enjoys proximity to Grand River Hospital, Victoria Park, city trails, and various shopping destinations, ensuring it is always in high demand. This Triplex consists of spacious apartments—two 3-bedroom units and one 2-bedroom unit. Each featuring private balconies and ample living spaces that promise comfort and convenience for tenants. The lot is beautifully landscaped, enhancing the curb appeal and overall desirability of the property. With separate hydro meters for each unit and four dedicated parking spaces, operational ease is maximized. The financial upside is evident with current rents of $865, $966, and $2,100, showcasing significant potential for growth in rental income and market value. Proforma attached to show the potential ! Additionally, the owner has had Blueprints completed for an additional 2 apartments at the rear of this property. Please check out the RES-6 zoning with the City of Kitchener for a future of possibilities with this property !These opportunities could provide substantial income and growth for generations to come. Seize this unique opportunity to expand your portfolio in a key location! Property being sold As Is Where is. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Exterior
Parking Features No
Community Features School Bus
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by KELLER WILLIAMS INNOVATION REALTY
343 PRESTON STREET, 11TH FLOOR, OTTAWA, Ontario, K1S1N4