16A & 16B - 1085 QUEENS Boulevard , Kitchener

$535,000 / MLS® Listing #:30821924

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Are you looking for an investment with a 5% CAP rate? Do you want to operate this investment from a distance, without worrying about the seasonal upkeep, such as snow clearing and lawn maintenance? Would you prefer not to have to plan for exterior work and maintenance? This incredibly rare condominium duplex actually provides this opportunity for you! The upstairs 3 bedroom 1549 sq. ft. apartment is well laid out. The main floor has a spacious living room, with wood burning fireplace, separate dining room, country style kitchen and oversized bedroom, with walk in closet. Upstairs are two bedroom, 4 piece bathroom and huge storage room. The lower level 2 bedroom plus den has just been completely renovated, with new flooring throughout, new kitchen and bathroom. It doesn't feel like a basement, with large windows and a walk out. Laundry is shared with inside access for each unit. The windows, doors and roof are all newer and paid for by the condo corp. Furnace, air conditioning, hot water heater, 1 fridge and stove were all replaced within the last 2 years. The condo fees are just under $700 a month and include all of the exterior maintenance of the building and property. The tenants are great and they are paying market rent! The upstairs tenants are on a month to month basis, but would love to stay. The lower tenant is on a lease until June 2021. This property is also ideal for a person who would like to live in one unit and rent out the other (id:10452)

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Property Details

Property Type Duplex
Architectural Style 2 Level, Multi-Unit
Square Feet 1549 sqft
Maintenance N/A
Days On Our Website 24
Basement Finished - Full (Finished)
Lot Dimensions under 1/2 acre
Pool N/A
Area Kitchener
Air Conditioning Air Conditioned, Central air conditioning
Heating Natural gas - Forced air
Exterior Brick, Vinyl siding
Parking Spaces 1
Parking Type No Garage
Sewers Municipal sewage system
Water Municipal water


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