114 CHURCH Street, Kitchener, Ontario N2G2S4
Listing courtesy of RE/MAX Twin City Realty Inc..
- $1,099,000
- 6
- BD
- 5
- BA
- 2,651
- SqFt
- List Price
- $1,099,000
- MLS®
- 40860922
- Days on Market
- 4
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Bedrooms
- 6
- Bathrooms
- 5
- Living Area
- 2,651
- Subdivision
- 311 - Downtown/Rockway/S. Ward
Property Description
An exceptional investment opportunity in the heart of Kitchener! This beautiful legal century triplex combines timeless character with extensive modern upgrades, offering investors a truly turnkey addition to their portfolio. Ideally located just a short walk from Downtown Kitchener and the Kitchener Market LRT stop, the property provides tenants with convenient access to transit, restaurants, shopping, entertainment and everything the downtown core has to offer. Currently generating an impressive 4.6% cap rate, all three units are occupied by great young professional tenants paying market rents plus utilities, providing strong and reliable income from day one. The property has undergone substantial upgrades, including updated plumbing and electrical, forced-air furnaces, water heaters, roof, windows, aluminum fascia, soffits and eaves. The interiors have also been thoughtfully updated with new kitchens, bathrooms, flooring, stainless steel appliances and much more, creating attractive, comfortable living spaces that appeal to today’s tenants. With its combination of legal triplex status, market rents, extensive capital improvements and a highly walkable location, this is a rare opportunity to acquire a well-maintained, income-producing property with the character of a century home and the major updates already taken care of. A fantastic investment in one of Kitchener’s most convenient and connected locations! (id:5764)
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Additional Information
- Ownership
- Freehold
- Basement Features
- Unfinished, Full
- Basement
- Yes
- Subdivision
- 311 - Downtown/Rockway/S. Ward
- Parking Spaces
- 4
- Cooling
- None
- Country
- Canada
- Sewer
- Municipal sewage system
- Heating
- Forced air, Electric, Natural gas
- Lot Features
- Crushed stone driveway
- Total Number Of Units
- 3
- Stories
- 3
