Legal duplex with opportunity to add third unit! Purpose-built new in 2023. Timeless open concept layouts in both units, outfitted with 9-foot ceilings on all three levels (including the basement)! Natural light soaks in through the large windows. Each unit features its own private deck. Designer kitchens with quartz counters. Both units have signed leases, boasting a gross annual income of $54,600. Lower unit comprises 2 beds and 1.5 baths. Upper unit comprises 2 beds, 1 bath and garage. Adventurous investors can increase the income generated from this property by adding an accessory dwelling unit. Minor variance approval has already been obtained from the City of Kitchener to build a tiny home in the backyard. Each unit is self-contained with its own furnace, air conditioning, hot water tank and thermostats. Each unit is separately metered and tenants pay their own utilities. (id:47423)
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Detailed Information
Bedrooms
4
Bathrooms
3
Lot
32 x 0 ft
Amenities Nearby
Hospital, Park, Public Transit
Equipment
Water Heater
Features
Paved driveway, Sump Pump
Listing Contract Date
2024-02-23
Location Description
Head south on Belmont Ave W from Highland Rd W; property is on the right-hand side before Queen's Blvd.
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Multi-family
Rental Equipment
Water Heater
Structures
Porch
Transaction Type
For sale
Zoning Description
RES-4
Building
Appliances
Microwave Built-in
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
2023
Cooling Type
Central air conditioning
Exterior Finish
Brick Veneer, Vinyl siding
Foundation Type
Poured Concrete
Heating Fuel
Electric, Natural gas
Heating Type
Baseboard heaters, Forced air
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Attached Garage
Land
Total Size
under 1/2 acre
Amenities
Hospital, Park, Public Transit
Fence Type
Partially fenced
Sewer
Municipal sewage system
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