31 ELLEN Street W , Kitchener

4 Bed / 3 Bath / $949,900 / MLS® Listing #:40169084

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Finding three rental units in the desirable Civic Centre neighbourhood is not easy. The Civic Centre neighbourhood is host to proud owners of historic homes, beautiful gardens, and spacious lots with mature trees. With neighbourhood anchors like the Centre in the Square and Kitchener Public Library just down the street, enjoy spare time by gaining some inspiration, gathering with friends, finding some peace and quiet, or viewing the best local, national, and international performers on stage. This triplex offers a 4% cap rate with $39,000+ net income, separate hydro meters, ample parking, and having either a turnkey investment or one unit vacant for your occupancy. Find a spacious upper unit with finished attic and renovated kitchen with built-in dual ovens, quartz counters, stainless-steel kitchen appliances, dishwasher, and exit to 2nd-floor balcony. A main-floor 2-bedroom unit offers original stained glass and sliding door features, brand new stainless-steel stove, spacious living and dining area, additional basement storage, and covered back porch. From outside, notice a charming red-brick facade with complementing decorative pillars, board and batten siding, composite porch flooring, and stone hardscaping with concrete front steps. Enjoy this multi-family property for years to come, and easily keep tenants' interest with transit, highway, cafes and restaurants, major tech employers like Google, and arts and culture amenities not too far away. A triplex like this, on a quiet street and in a desirable area, is an opportunity that you won't want to miss! (id:10452)

Property Details

Property Type Triplex
Square Feet 2222.0000
Maintenance N/A
Days On Our Website 30
Basement Unfinished - Full (Unfinished)
Lot Dimensions under 1/2 acre
Pool N/A
Area Kitchener
Air Conditioning Window air conditioner
Heating Natural gas - Hot water radiator heat, Radiant heat
Exterior Brick, Vinyl siding
Parking Spaces 3
Sewers Municipal sewage system
Water Municipal water

Listing Office: Victoria Park Real Estate Ltd.

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