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Maybelline Di Giovanni

hello@soldbymaybelline.com +1(888) 311-1172

$ 1,049,000

Est. payment | -/mo

6 Beds

3 Baths

1,030 SqFt

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$ 1,049,000

Est. payment | -/mo

Save Virtual Tour

6 Beds

3 Baths

1,030 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 1,030 sqft

Price per Sqft $1,018

MLS Listing ID 40842942

Bedrooms 6

Abv Grd Liv Area 1,927

Year Built 1958

Annual Tax Amount $5,609

Property Sub-Type Multi-3 Unit

Source Cornerstone

Property Description

A rare opportunity to own a property featuring three legal living 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 the ideal multi-generational lifestyle where everyone enjoys their own private space, or maximize the property's investment potential with projected rental income of approximately $6,000 per month ($72,000 annually). Vendor Take-Back financing is available with a minimum 30% down payment, offering additional flexibility for qualified buyers. A rare opportunity offering an projected 6% cap rate in today's market.

Location

Province ON

County Waterloo

Area 3 - Kitchener West

Zoning R2

Direction Wilson Ave to Woodhaven Rd

Rooms

Other Rooms Shed(s)

Basement Separate Entrance, Full, Finished

Kitchen 0

Interior

Interior Features Accessory Apartment

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Instant Hot Water, Water Softener, Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Parking Features Asphalt

Fence Full

Roof Type Asphalt Shing

Porch Deck, Porch

Lot Frontage 52.28

Lot Depth 109.69

Garage No

Building

Lot Description Irregular Lot, Highway Access, Library, Place of Worship, Public Transit, Rec./Community Centre, Regional Mall, Schools, Shopping Nearby

Faces Wilson Ave to Woodhaven Rd

Story 1

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 1

Structure Type Brick

New Construction No

Others

Senior Community false

Tax ID 225850107

Ownership Freehold/None

Virtual Tour https://my.matterport.com/show/?m=vV67EFMntAE&brand=0

Listed by Chestnut Park Realty Southwestern Ontario Limited

Nearby Locations

GET MORE INFORMATION

88 Woodhaven RD Kitchener, ON N2C 1V1