Welcome to 8 Onward Ave, a 3-unit home ideal for multi-family or multi-generational living. Situated on a large lot in the desirable East Ward, this property offers a great investment opportunity with its 3 units. There’s potential for expansion by adding an addition, extending into the attic, or even building a garden suite. The home has a convenient side entrance, parking for up to 4 vehicles, and a new back deck that provides access to the two upper units. The main floor and basement units are currently tenanted, offering immediate rental income, while the upper floor is vacant and ready for new occupants. Located in a highly walkable neighbourhood, it’s just steps from the ION LRT, downtown Kitchener, trendy cafes, parks, shopping, and the farmers market. Nearby are the AUD auditorium, Sheppard and Cameron Heights schools, and Rockway Golf Course. Commuters will appreciate quick access to major highways. The property next door, 12 Onward Ave, is also for sale, offering a rare chance to acquire both homes, creating a unique multi-generational compound or development potential. The combined lots offer room for further development, whether by expanding existing structures or adding new amenities. This is a unique opportunity to secure a triplex and the option of the adjacent property in a thriving community. Ask the listing agent about upcoming by-law changes that will allow for even more density options! (id:47423)
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Listed By
Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
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Detailed Information
Bedrooms
4
Bathrooms
3
Lot
35 x 166 ft
Amenities Nearby
Public Transit
Community Features
Community Centre
Features
Paved driveway
Listing Contract Date
2024-09-11
Location Description
King Street
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R5
Building
Appliances
Freezer, Microwave, Water softener, Window Coverings
Basement Development
Finished
Basement Type
Full (Finished)
Cooling Type
None
Exterior Finish
Aluminum siding, Brick
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1.5
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
None
Land
Total Size
under 1/2 acre
Access Type
Highway access
Amenities
Public Transit
Sewer
Municipal sewage system
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