This LEGAL DUPLEX will offer you a positive $600/month CASHFLOW! Ideally located in vibrant downtown Kitchener this property will generate a gross income of $50,000/year (a net income of $40,000/year). Great opportunity for investors or homeowners looking to offset their mortgage with rental income. This well-maintained property features two beautifully updated 2-bedroom units, each with separate laundry facilities and modern finishes. Unit 1: Main Floor + Basement Unit: 2 beds, 1.5 baths – Market rent approx. $2,200/month. Unit : Upper Unit: 2 beds, 1 bath – Market rent approx. $1,950/month. With three dedicated parking spaces, a fully fenced backyard with a patio, and a location that puts you steps from parks, transit (ION Light Rail & bus routes), the Tannery District, Google, restaurants, and more, this property is the definition of convenience. Whether you're looking to move in and set your own rents or add a solid investment to your portfolio, this duplex is turnkey and ready to go.
Property Type:
Residential Income
Property SubType:
Duplex Up/Down
Year built:
1913
(Age: 112)
Listing General Location:
313 - Downtown Kitchener/West Ward, 3 - Kitchener West
Bedrooms:
4
Bathrooms:
3.0
(Full:-/Half:-)
Lot Details:
96 x 39
Lot Depth:
96'29.3 m
Lot Frontage:
39'11.9 m
Frontage Type:
East
Lot Shape:
39 X 96
Kitchens:
0
County Or Parish:
Waterloo
Features:
Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
Construction:
Vinyl Siding
Basement:
Full, Finished
Foundation:
Poured Concrete
UFFI:
No
Roof:
Asphalt Shing
Number of Storeys:
2
Number of Buildings:
0
Other Structures:
Shed(s)
Total Floor Area:
2,085 sq. ft.194 m2
Finished Area Above Grade:
1,425 sq. ft.132 m2
Finished Area Below Grade:
660 sq. ft.61.3 m2
Fireplace:
false
Laundry Features:
In-Suite
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
Central Air
Heating:
Forced Air, Natural Gas
Smoke Detector,Dishwasher, Dryer, Gas Stove, Refrigerator, Stove, Washer
Dishwasher, Dryer, Refrigerator, Stove, Washer
None
Patio, Porch
false
No
From Victoria St.South, turn onto Henry St.
No
Smoke Detector
HST Applicable To Sale Price:
No
Features:
Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
Electric Expense:
$1,357
Insurance Expense:
$2,829
Expenses:
Actual
Heating Expense:
$2,247
Utilities Expense:
1441
Net Income:
$40,600
Leases:
No
Zoning:
RES-4
Fencing:
Full
Exposure / Faces:
West
Lot Site Features:
Rectangular, City Lot, Hospital, Library, Park, Place of Worship, Public Transit, Schools
Features:
Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
Data was last updated April 16, 2025 at 03:50 PM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$1,074,450
Min list price:
$599,900
Max list price:
$4,195,000
Avg days on market:
31
Min days on market:
5
Max days on market:
197
Avg price per sq.ft.:
$427.82
These statistics are generated based on the current listing's property type
and located in
3 - Kitchener West. Average values are
derived using median calculations.