A RARE OPPORTUNITY TO OWN A PROPERTY FEATURING THREE LEGAL UNITS in a friendly, established neighbourhood. Whether you're looking for the perfect multi-generational setup, a mortgage helper, or a turnkey investment, this versatile property offers exceptional flexibility. The main level features a bright, open-concept living and dining area filled with natural light, three generously sized bedrooms, and a full bathroom, creating a comfortable space to call home. The finished lower level is a fully self-contained two-bedroom suite complete with its own kitchen, offering privacy and independence for extended family or rental income. Adding even more value is the detached legal one-bedroom accessory dwelling unit, complete with its own kitchen, bathroom, and in-suite laundry, providing a completely separate living space for family, guests, or tenants. Situated on one of the larger lots in the neighbourhood, measuring approximately 52' x 109', the fully fenced backyard offers generous outdoor space for everyone to enjoy. Ideally located on a quiet street close to schools, parks, shopping, public transit, the ION LRT, and major highways, convenience is right at your doorstep. Recent updates include new flooring throughout, custom built-in cabinetry, a 200-amp electrical service, and an on-demand water heater (2021). Live in the spacious main unit while the two additional legal units help offset a significant portion of your monthly living expenses, create an ideal multi-generational living arrangement where everyone can enjoy their own private space, or take advantage of the property's full investment potential with projected rental income of approximately $5,600 per month ($67,200 annually). Vendor Take-Back financing is available with a minimum 30% down payment, providing additional flexibility for qualified buyers. With a projected cap rate of over 6%, this is a rare opportunity for both owner-occupiers and investors in today's market. (id:4069)
Address
88 WOODHAVEN DRIVE
List Price
$950,000
Property Type
Multi-family
Type of Dwelling
Triplex
Style of Home
Bungalow
Transaction Type
Sale
Area
Ontario
Sub-Area
Kitchener
Bedrooms
6
Bathrooms
3
Floor Area
700 - 1100 Sq. Ft.
Lot Size
52.2 x 109.5 FT Sq. Ft.
Lot Depth
109 ft ,6 in
Frontage Length
52 ft ,2 in
MLS® Number
X13768322
Listing Brokerage
CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
Basement Area
N/A, N/A, Full
Postal Code
N2C1V1
Zoning
RES 2
Parking Places (Total)
4
Site Influences
Place of Worship, Public Transit, View
Features
Carpet Free, Guest Suite, In-Law Suite
Community Features
Community Centre
Appliances
All, Dishwasher, Dryer, Stove, Washer, Refrigerator
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Central air conditioning
Foundation Details
Concrete
Other Structures
Shed
Number Of Floors In Building
1
Water Source
Municipal water
Sewer
Sanitary sewer
