Kitchener N2A 1N4
Canada

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 7 BR
Bathrooms: 3
Pets: Pets No

Financials

Price:C1,099,000
($784,290)
(€679,975)
Annual Taxes:C4,786
505 Park Ave, New York, NY 10022

6 CAP RATE ! PURPOSE BUILT THREE UNIT PROPERTY IN LACKNER WOODS !

Description

6% CAP RATE! PURPOSE-BUILT THREE-UNIT PROPERTY IN LACKNER WOODS! This cash-flowing gem brings in approximately $7,000 per month in rental income, offering a 6% cap rate and around $1,000 per month in positive cash flow. Featuring two spacious 3-bedroom units (1,150 sq ft each) and a bright, updated 1-bedroom lower-level unit, this property is ideal for investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit has been thoughtfully updated with granite countertops, open-concept layouts, vinyl flooring, and access to outdoor spaces including private balconies, a private patio, and a shared backyard. The basement unit offers a new kitchen and plenty of natural light. Tenants pay all utilities, and each unit has separate hydro meters and its own private driveway. Additional highlights include a full 2-car garage, parking for 4 more vehicles in the main driveway, and a new 2024 driveway for 2 extra cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). Located steps from shopping, parks, schools, and amenities, this turn-key investment blends income potential, location, and modern comfort.

Amenities

  • Separate Hydro Meter

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.