32 Simeon Street , Kitchener, ON N2H 1S1
Kitchener, ON N2H 1S1
Description
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.
Details
| Mls | 40661383 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Days On Site | 54 |
| Listing Provided By | Luxe Home Town Realty Inc | Isha Sachdeva |
Features
| Beds | 6 |
|---|---|
| Baths | 3 |
| Sq Feet | 2,248 |
| Basement | Y |
| Storys | 2 |
| Units | 3 |
| Zoning | R2B |
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Learn More About This Property
| State | ON |
|---|---|
| County | Waterloo |
| City | Kitchener |
| Zip Code | N2H 1S1 |
| Area | 2 Kitchener East |
| Subarea | 212 Downtown Kitchener | East Ward |
| Community Name | 212 Downtown Kitchener/East Ward |
| Listing VS Median (in 212 Downtown Kitchener/East Ward) | |
Price: $799,000 low | high Med: $429,900 SqFt: 2,248 low | high Med: 828 $ / SqFt: $355 low | high Med: $519 On Site: 54 low | high Med: 8.000000 | |