Added 1 day ago
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Type: Triplex
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Style: 2 1/2 Storey
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Lot Size: 77.56 x 147.43 Feet
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Age: 51-99 years
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Taxes: $5,918 per year
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Added: Mar 14, 2025 (1 day ago)
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Updated:
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Last Checked: 12 hours ago
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MLS®#: X12020434
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Listed By: Keller williams innovation realty
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 apartmentstwo 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".
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Property
Status: Sale
Property Type: Triplex
Style: 2 1/2 Storey
Age: 51-99
Area: Kitchener
Availability Date: flex w tenant
Assessment Amount: $446,000
Assessment Year: 2024
Inside
Bedrooms: 6
Bedrooms Plus: 2
Bathrooms: 3
Kitchens: 2
Kitchens Plus: 1
Rooms: 8
Den/Family Room: No
Air Conditioning: Wall Unit
Fireplace: No
Laundry Level: Lower
Central Vacuum: N
Washrooms: 3
Utilities
Electricity: Yes
Gas: Yes
Cable: Yes
Telephone: Yes
Building
Basement: Apartment
Heat Type: Forced Air
Heat Source: Gas
Exterior: Brick
Exterior: Brick Front
Elevator: N
UFFI: No
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Private
Garage Type: None
Covered Parking Spaces: 4
Total Parking Spaces: 4
Fees
Tax Year: 2024
Tax Legal Description: Plan 1244 Lot 3; S/T376336
Taxes: $5,918
Land
Cross Street: Karn
Municipality District: Kitchener
Fronting On: North
Parcel Number: 224380022
Pool: None
Sewer: Sewers
Lot Depth: 147.43 Feet
Lot Frontage: 77.56 Feet
Lot Irregularities: 77.56X147.43X26.93X32
Zoning: RES 6
Waterfront: None
Very Walkable
- Most errands can be accomplished on foot.
Good Transit
- Some errands can be accomplished by public transportation.
Bikeable
- Some errands can be accomplished on bike.
Westmount Public School
Elementary: PublicSt John Catholic Elementary School
Elementary: CatholicSouthridge Public School
Elementary: PublicQueensmount Public School
Elementary: PublicA R Kaufman Public School
Elementary: PublicJ F Carmichael Public School
Elementary: PublicForest Heights Collegiate Institute
Secondary: PublicKitchener Waterloo Collegiate and Vocational School
Secondary: PublicBluevale Collegiate Institute
Secondary: PublicWaterloo Collegiate Institute
Secondary: PublicResurrection Catholic Secondary School
Secondary: CatholicCameron Heights Collegiate Institute
Secondary: Public-
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