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Kitchener,ON N2M 3Y9
Key Details
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $374
MLS Listing ID 40687222
Bedrooms 7
Abv Grd Liv Area 4,000
Originating Board Mississauga
Year Built 1965
Annual Tax Amount $6,975
Property Sub-Type Multi-6-9 Unit
Property Description
Charming Sixplex Investment Opportunity in Forest Hill, Kitchener
This well-maintained sixplex offers a fantastic income-generating opportunity for investors, located in the desirable Forest Hill neighborhood of Kitchener. The property features five 1-bedroom units and one 2-bedroom unit, making it perfect for singles, couples, or small families.
Recent upgrades have enhanced both the interior and exterior of the property. The front and rear entrances have been updated with new flooring, freshly painted entryways, and a refreshed exterior to boost curb appeal and provide a welcoming experience for tenants. Units 1 and 2 have undergone modern renovations to attract high-quality tenants.
The property is fully equipped with an up-to-date fire alarm and extinguisher system, ensuring safety and compliance with industry standards.
Additional Income Potential:
A unique opportunity exists for the buyer to further increase income by extending the existing building with the addition of a small house or triplex. Buyer to conduct due diligence before proceeding.
With stable income, recent improvements, and significant growth potential, this sixplex is a strong investment opportunity for those looking to add value to their portfolio. Don't miss out—schedule your showing today!
Location
Province ON
County Waterloo
Area 3 - Kitchener West
Zoning R2
Direction HOMER WATSON BLVD RIGHT ON HOFFMAN ST, LEFT ON KEHL ST, LEFT ON HEIMAN ST, RIGHT ON LORNE AVE
Rooms
Basement None
Kitchen 0
Interior
Heating Baseboard,Natural Gas,Radiant
Cooling None
Fireplace No
Appliance Water Softener,Refrigerator,Stove
Laundry Coin Operated
Exterior
Parking Features Mutual/Shared
Roof Type Flat
Lot Frontage 92.57
Garage No
Building
Lot Description Highway Access,Park,Public Transit,Schools,Shopping Nearby
Faces HOMER WATSON BLVD RIGHT ON HOFFMAN ST, LEFT ON KEHL ST, LEFT ON HEIMAN ST, RIGHT ON LORNE AVE
Story 3
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 224950118
Ownership Freehold/None