Message Number398118
statusActive
Subject LineKWC - 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
Canada
Ontario
Southwestern Ontario
Location, CityKitchener
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingMay 11 2021
Type DescriptionInvestment Real Estate
Location177 Weber Street East, Kitchener
Price$649,900.00
Building area1362
ZoningCR-1
Gross Income33700
Expenses9941
Net Income23779
Cap Rate3.90
CommentsOpportunity 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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Member Identifier201
ControlMLS
NameMike Milovick
TitleBroker
Company NameRoyal LePage Grand Valley Realty Brokerage
Address Line OneUnit 15C, 370 Highland Road West
CityKitchener
State/ProvinceOntario
Zip/Postal CodeN2M 5J9
CountryCanada
Business Phone Number(519)745-7000
Cell Number519745-7000
Home Number519745-7000
FAX Number(519) 745-8460
Email AddressSend Email
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