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:4069)
Address
114 CHURCH Street
List Price
$1,099,000
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Kitchener
Bedrooms
6
Bathrooms
5
Floor Area
2,651 Sq. Ft.
Lot Depth
65 ft
Frontage Length
69 ft
MLS® Number
40860922
Listing Brokerage
RE/MAX Twin City Realty Inc.
Basement Area
Full (Unfinished)
Postal Code
N2G2S4
Zoning
SGA-1
Ownership
Freehold
Parking Places (Total)
4
Site Influences
Hospital, Public Transit, Shopping
Features
Crushed stone driveway
Heat Source
Electric, Natural gas
Heat Type
Forced air
Cooling Features
None
Foundation Details
Stone
Number Of Floors In Building
3
Water Source
Municipal water
Sewer
Municipal sewage system
