$725,000 FOR SALE

Triplex

Bedrooms: 4Bathrooms: 3Lot: 35 x 166 ft

8 Onward Avenue
Kitchener, ON N2H 3J7

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
Data Provided By Cornerstone - Waterloo Region
MLS® Listing Number 40645218
Last Updated Sep 16, 2024
Property Summary
Property Type Triplex

More like this:
Subdivision 212 - Downtown Kitchener/East Ward
Price History
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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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