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114 CHURCH Street Waterloo, Ontario

$1,099,000

Bathrooms

5

Bedrooms

6+

Description

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:24493) MLS® #40860922

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA

About Cedar Hill

No matter what type of character home buyers prefer in a neighbourhood, Cedar Hill is a reasonably good option. Although the ambience is not the most lively in this part of the city, the vibe is still quite dynamic around its main streets, and finding one of the a few nightlife venues is very easy since they are generally situated in very convenient locations. Cedar Hill is reasonably quiet overall, as the streets tend to be quite peaceful. Green spaces, like Kaufman Park and Victoria Park, are especially well-spread out and there are about 40 of them nearby for residents to discover, resulting in them being very easy to get to from many locations in the neighbourhood.

This information is provided by a third party data source. Kijiji is not responsible for the accuracy of this information.

Getting around

  • Walk score

    8

    Most day-to-day needs are within a few minutes' walk

  • Transit score

    7

    Walking distance to rapid transit and frequent bus lines

  • Bike score

    6

    Suitable for bicycle commuting and/or recreational cycling

This information is provided by a third party data source. Kijiji is not responsible for the accuracy of this information.

Listed By

R

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Website

R

Website

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$1,099,000

114 CHURCH Street Waterloo, Ontario






















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