Fully renovated, fully furnished and fully rented out with Mid Term Rentals, this legal triplex features excellent rents. The is one of the most lucrative investment properties on the market. 6% Cap Rate. Come check this out this great income producing property and find out how you can cash flow right away. This is a Turn Key, Ready, Set and Go opportunity for an investor. Close to vibrant downtown core, public transit and Hwy 7/8, Kitchener Market, ION and Victoria Park and walking& bike trails. Three completely independent units, each with separate entrances and a parking spot. This property was completely renovated to cater for higher rents on the mid-term market - quartz countertops, stainless steel appliances, including dishwashers and individual washer and dryers, modern bathrooms, and fully furnished to the highest detail - living rooms, bedrooms, kitchen and baths, all the furniture and appliances and TV's are included in the sale. New Lennox Furnace and A/C with a Smart Wifi Thermostat. Other upgrades included electrical, windows and doors, laminate flooring and more. Call to set up a viewing today. |
Price | $1,149,900 |
Taxes: | $3450.00 |
Assessment: | $343000 |
Assessment Year: | 2024 |
Occupancy by: | Tenant |
Address: | 14 KENNEDY Ave , Kitchener, N2G 2Z8, Ontario |
Postal Code: | N2G 2Z8 |
Province/State: | Ontario |
Legal Description: | LOT 37, PLAN 239 AND SOUTH 1/2 LANE PLAN |
Lot Size: | 40.00 x 100.00 (Feet) |
Directions/Cross Streets: | Courtland Ave to Kent to Kennedy |
Total Area: | 1860.00 |
Total Area Code: | Sq Ft |
Approximatly Age: | 51-99 |
Net Income Before Debt: | $90900 |
Washrooms: | 3 |
Heat Type: | Forced Air |
Central Air Conditioning: | Central Air |
Sewers: | Sewers |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
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Book Showing | Email a Friend |
Type: | Com - Investment |
Area: | Waterloo |
Municipality: | Kitchener |
Lot Size: | 40.00 x 100.00(Feet) |
Approximate Age: | 51-99 |
Tax: | $3,450 |
Baths: | 3 |