$799,000

Investment For Sale In Central Frederick, Kitchener, Ontario

$799,000

Property Information:

This property is perfect for Investors/buyers who appreciate distinguished homes and seek supplementary rental income or investment opportunities. Classic charm meets modern potential in this turn-key cash flow property, located in a prime downtown neighborhood. With a legal duplex and a basement in-law suite featuring a separate exit, this property offers versatile living arrangements. Plus, enjoy the convenience of three dedicated parking spaces in the back.This property boasts an impressive rental income of $4,550.00 per month, with a breakdown of $2,100.00 for the 3-bedroom unit, $1,900.00 for the 2-bedroom unit, and $550 for the in-law suite in basement. Tenants cover hydro costs, and the high-efficiency hot water boiler helps keep heating expenses low. All rental units are currently on a month-to-month basis, offering flexibility for new ownership. Financials are available upon request, and you'll find clean, low-maintenance units.Don't miss out on this unique opportunity!Recent upgrades include updated electrical work (ESA approved) with two new panels and 120 AMP service, along with upgraded plumbing. The property features a total square footage of 2,248 sq ft.

Inclusions: Other,Carbon Monoxide Detector, Washer/Dryer, Refrigerator, Smoke Detector, Stove, Window Coverings.

Exclusions : Hot Water Heater (Rental).

Building Features:

  • Floor Space: 2248 Square Feet

Property Features:

  • Bedrooms: 6
  • Acres Range: < 0.5
  • Basement: Separate Entrance, Full, Finished
  • Construction Materials: Vinyl Siding
  • Cooling: Other
  • Driveway Parking: Private Drive Single Wide
  • Exterior Features: Separate Hydro Meters
  • Floor Space (approx): 2248 Square Feet
  • Heating: Forced Air, Natural Gas
  • Interior Features: Accessory Apartment
  • Laundry Features: In-Suite
  • Lot Depth: 91 Feet
  • Lot Features: Rectangular, City Lot, Highway Access, Library, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Regional Mall, School Bus Route, Schools
  • Lot Frontage: 32.00 Feet
  • Parking Features: Mutual/Shared
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: R2B
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 3

Courtesy of: Luxe Home Town Realty Inc, LUXE HOME TOWN REALTY INC.

Data provided by: Mississauga Real Estate Board 3450 Ridgeway Dr. #1, Mississauga, Ontario L5L 0A2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved