870 Guelph Street Kitchener, Ontario N2H 5Z5
$925,900
*PRIME TURNKEY TRIPLEX INVESTMENT* This opportunity that combines potential revenue with a strategic location. It generates over $46,000 in revenue. First time buyers could use this to make homeownership a reality while enjoying the benefits of real estate investment. Owner/Operators could choose to live in one of the units or capitalize on market rent rates. This purpose-built property features a sturdy and attractive all-brick and stone tile construction. The middle and upper apartments boast roomy balconies. The large backyard with driveway access allows for the value-add potential of ADU construction giving an additional rental opportunity! There are many recent upgrades and renovations. The roof was replaced in 2011. The Viessman boiler was installed in 2019. The refrigerator and stove in the top and basement units are only 2 years old. The refrigerator in the middle unit is 3 years old and the stove is 10 years old. This prime property is conveniently located near to parks and schools, bus routes, playgrounds, and walking trails. Downtown Kitchener is a mere 10 minutes away. It is near to the 7/85 Expressway which provides a direct route to Highway 401, making commuting and city exploration convenient. Don’t miss this opportunity to enrich your portfolio! Book your private showing today! (id:3334)
Property Details
| MLS® Number | 40442792 |
| Property Type | Multi-family |
| Amenities Near By | Airport, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools |
| Community Features | School Bus |
| Features | Southern Exposure, Paved Driveway, Laundry- Coin Operated |
| Parking Space Total | 6 |
| Structure | Shed |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 6 |
| Appliances | Refrigerator, Stove, Water Softener |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1969 |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding, Brick |
| Fire Protection | Unknown |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Stories Total | 3 |
| Size Interior | 1400 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Airport, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 135 Ft |
| Size Frontage | 44 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R6 |
https://www.realtor.ca/real-estate/25946775/870-guelph-street-kitchener
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August 15 2023 08:47:04
Kitchener-Waterloo Association of REALTORS®
Exp Realty
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