Discover a fantastic investment opportunity with this deceptively spacious triplex, ideally situated near Mary Allen Park, just steps from Uptown Waterloo and minutes from downtown Kitchener. This property combines location, functionality, and strong rental income potential, making it an ideal choice for savvy investors. The triplex features two separate driveways with paved parking for up to four vehicles, ensuring convenience for tenants. A fully fenced yard provides privacy and outdoor space, while the shared coin-operated laundry adds to tenant amenities and offers additional income potential. Each unit is equipped with its own hydro meter, allowing for separate utility management. The property has been thoughtfully maintained, with an updated electrical system in 2004, a newer water heater, and a recently serviced furnace ensuring reliable operation. With two units currently tenanted and one vacant, this property provides immediate income and the flexibility to attract a new tenant or explore other opportunities. Its prime location near parks, shopping, and public transit makes it a highly desirable rental property with long-term growth potential. (id:47423)
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Listed By
Chestnut Park Realty Southwestern Ontario Limited, Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
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Detailed Information
Bedrooms
5
Bathrooms
3
Lot
42 x 123 ft
Amenities Nearby
Hospital, Place of Worship, Schools, Shopping
Community Features
School Bus
Equipment
Other, Water Heater
Features
Laundry- Coin operated
Listing Contract Date
2025-01-17
Location Description
Moore Ave
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Multi-family
Rental Equipment
Other, Water Heater
Transaction Type
For sale
Zoning Description
R4
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1942
Cooling Type
None
Exterior Finish
Brick
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Radiant heat
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Amenities
Hospital, Place of Worship, Schools, Shopping
Sewer
Municipal sewage system
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