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Multi-3 UnitMLS® 40860922

114 Church Street, Kitchener ON N2G 2S4

Downtown/Rockway/S. Ward, Kitchener, N2G 2S4

$1,099,000

6Bedrooms
5Bathrooms
2,651Sq ft
4Parking
3Storeys
Multi-3 UnitType
3Days on market

The home

About this property

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!

Specifications

Property details

Property type

Residential Income

Lot

68.81 x 65.45 ft

Taxes

$7,100 (annual)

Heating

Electric, Forced Air, Natural Gas

Cooling

None

Basement

Walk-Up Access, Full, Unfinished

Parking

4 total

Days on market

3

What's included

Features and amenities

Interior

Separate Hydro Meters

Lot

Irregular LotCity LotHospitalPublic ParkingPublic TransitShopping Nearby

Appliances

Hot Water Tank OwnedDishwasherDryerRefrigeratorStoveWasher

Where it sits

Location

Pin placed at the coordinates supplied by the MLS® System.

Listed by Matthew Rooney, RE/MAX Twin City Realty Inc. (the Cornerstone Association of REALTORS®).

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