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114 Church Street Kitchener, Ontario N2G 2S4

6 Bedroom 5 Bathroom 2500 - 3000 sqft
None Forced Air

$1,099,900

An exceptional investment opportunity in the heart of Kitchener! This beautiful legal century triplex combines timeless character with extensive modern upgrades, offering investors a truly turnkey addition to their portfolio. Ideally located just a short walk from Downtown Kitchener and the Kitchener Market LRT stop, the property provides tenants with convenient access to transit, restaurants, shopping, entertainment and everything the downtown core has to offer. Currently generating an impressive 4.6% cap rate, all three units are occupied by great young professional tenants paying market rents plus utilities, providing strong and reliable income from day one. The property has undergone substantial upgrades, including updated plumbing and electrical, forced-air furnaces, water heaters, roof, windows, aluminum fascia, soffits and eaves. The interiors have also been thoughtfully updated with new kitchens, bathrooms, flooring, stainless steel appliances and much more, creating attractive, comfortable living spaces that appeal to today's tenants. With its combination of legal triplex status, market rents, extensive capital improvements and a highly walkable location, this is a rare opportunity to acquire a well-maintained, income-producing property with the character of a century home and the major updates already taken care of. A fantastic investment in one of Kitchener's most convenient and connected locations! (id:57276)

Property Details

MLS® Number X13749670
Property Type Multi-family
ParkingSpaceTotal 4
Structure Porch

Building

BathroomTotal 5
BedroomsAboveGround 6
BedroomsTotal 6
Age 100+ Years
Amenities Separate Electricity Meters, Separate Heating Controls
Appliances Water Heater, Dishwasher, Dryer, Stove, Two Washers, Refrigerator
BasementDevelopment Unfinished
BasementFeatures Walk-up
BasementType Full, N/a, N/a (unfinished)
CoolingType None
ExteriorFinish Brick, Vinyl Siding
FoundationType Stone
HalfBathTotal 1
HeatingFuel Electric, Natural Gas
HeatingType Forced Air
StoriesTotal 3
SizeInterior 2500 - 3000 Sqft
Type Triplex
UtilityWater Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 65 Ft ,6 In
SizeFrontage 66 Ft ,4 In
SizeIrregular 66.4 X 65.5 Ft
SizeTotalText 66.4 X 65.5 Ft
ZoningDescription Sga-1

https://www.realtor.ca/real-estate/30240580/114-church-street-kitchener

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Matthew Stephen Rooney
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