$1,049,000

Investment For Sale In Westmount, Kitchener, Ontario

$1,049,000

Property Information:

Attention Investors! Discover an extraordinary investment opportunity with this well-maintained R6 zoned triplex, offering potential for expansion into a multiplex (6 units of 1 bedroom each which the current owner has been doing). Each floor has 2 kitchens and 2 bathrooms, making it easy to use as 3 to 6 units (you choose)! Nestled on a quiet, mature street just steps from the vibrant Belmont Village, this property provides easy access to top-tier restaurants, shops, amenities, schools, parks, and trails, as well as being a short drive from Uptown Waterloo and Downtown Kitchener. Upgraded in 2016; kitchens, bathrooms, and appliances. Between 2022 and 2023 there were new windows installed, new roof, furnace, water heater and the doors were installed in 2020 + other updates. The property also boasts an expansive 50 foot frontage by 184-foot deep lot, its the ideal location to build another building as the city approves (look at number 79 on the same street). There is significant potential for this property, it is a standout prospect for savvy investors looking to enhance their portfolio and develop a highly sought-after residential space. Don’t miss out on this exceptional opportunity!

Inclusions: Smoke Detector,Window Coverings

Exclusions : Tenant's Belongings

Building Features:

  • Floor Space: 2200 Square Feet

Property Features:

  • Bedrooms: 9
  • Acres Range: < 0.5
  • Basement: Separate Entrance, Full, Finished
  • Construction Materials: Cement Siding
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open, Private Drive Double Wide
  • Fencing: Fence - Partial
  • Floor Space (approx): 2200 Square Feet
  • Heating: Forced Air, Natural Gas, Other
  • Laundry Features: Common Area
  • Lot Depth: 184.44 Feet
  • Lot Features: Rectangular, Dog Park, Near Golf Course, Hospital, Library, Park, Place of Worship, Playground Nearby, Public Transit, Quiet Area, Schools, Trails
  • Lot Frontage: 53.09 Feet
  • Road Frontage Type: Public Road
  • Roof: Fiberglass
  • Security Features: Smoke Detector, Carbon Monoxide Detector(s)
  • Water Source: Municipal
  • Window Features: Window Coverings
  • Zoning: R6
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 15

Courtesy of: SMART FROM HOME REALTY LIMITED

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved