| Message Number | 398118 | ||||||
|---|---|---|---|---|---|---|---|
| status | Active | ||||||
| Subject Line | KWC - Kitchener - Duplex - $649,900 - Updated with Single Car Garage - Nearly $34,000 Gross - One Block East of Kitchener Market LRT Station- Fully Rented | ||||||
| Business area |
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| Location, City | Kitchener | ||||||
| Have/Want | Have | ||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments | ||||||
| Date of Listing | May 11 2021 | ||||||
| Type Description | Investment Real Estate | ||||||
| Location | 177 Weber Street East, Kitchener | ||||||
| Price | $649,900.00 | ||||||
| Building area | 1362 | ||||||
| Zoning | CR-1 | ||||||
| Gross Income | 33700 | ||||||
| Expenses | 9941 | ||||||
| Net Income | 23779 | ||||||
| Cap Rate | 3.90 | ||||||
| Comments | Opportunity abounds! Renovated duplex in Downtown/East Ward beckons for your immediate attention!
Nearly $34,000 Gross Annual Income available here! Hi-lites: Updated kitchens with contemporary white cabinets. Modernized bathrooms. Carpet free. Newer vinyl windows, newer roof, newer furnace (2017). Upper unit has insulated, unfinished loft and its own electrical panel. Main unit has vinyl plank flooring throughout and two bathrooms. Note: detached single car garage with easy parking access off of Betzner. Two households with vehicles can park independently - side-by-side. Great tenants, both on month-to-month, with written leases. Main unit pays $1533 per month inclusive. Upper unit pays $1277 per month inclusive. Easy walk to Downtown and all its amenities including Farmers' Market, The Museum, Library, Courthouse and Night Life. One block from Kitchener Market LRT Stop. 12 minute walk to Kitchener Auditorium. Good, flexible zoning which allows for many supplemental uses. This home is ideal for investor looking to get a deed in their name - in perennially one of the best rental /real estate markets in Ontario! |
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| Internet Links |
Kitchener Economic Development |
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| Member Identifier | 201 | ||||||
| Control | MLS | ||||||
| Name | Mike Milovick | ||||||
| Title | Broker | ||||||
| Company Name | Royal LePage Grand Valley Realty Brokerage | ||||||
| Address Line One | Unit 15C, 370 Highland Road West | ||||||
| City | Kitchener | ||||||
| State/Province | Ontario | ||||||
| Zip/Postal Code | N2M 5J9 | ||||||
| Country | Canada | ||||||
| Business Phone Number | (519)745-7000 | ||||||
| Cell Number | 519745-7000 | ||||||
| Home Number | 519745-7000 | ||||||
| FAX Number | (519) 745-8460 | ||||||
| Email Address | Send Email | ||||||
| Home Page | Home Page |
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