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6% CAP RATE! PURPOSE-BUILT THREE-UNIT property located in the sought-after Lackner Woods neighbourhood of Kitchener. This cash-flowing gem brings in $7,000 per month in rental income, offering a 6% cap rate and approximately $1,000/month in positive cash flow! Featuring two massive 3-bedroom units at 1,150 sq ft each, and a bright, updated 1-bedroom lower-level unit, this property is ideal for both investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit is thoughtfully updated and includes new granite countertops, open-concept layouts, vinyl flooring, and access to outdoor spaces including private balconies, a private patio, and a shared backyard. The basement unit has a new kitchen and plenty of natural light. Tenants pay all utilities including hydro, and each unit has separate hydro meters along with its own driveway for private parking. The property also boasts a full 2-car garage, parking for 4 more vehicles in the main driveway, plus a brand-new driveway (2024) for an additional 2 cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). This turn-key investment property is walking distance to shopping, parks, schools, and amenities making it the perfect blend of location, income, and lifestyle. (id:51158)
| MLS® Number | X12073669 |
| Property Type | Multi-family |
| Parking Space Total | 7 |
| Bathroom Total | 3 |
| Bedrooms Above Ground | 6 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 7 |
| Age | 51 To 99 Years |
| Amenities | Separate Electricity Meters |
| Appliances | Dryer, Water Heater, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 2000 - 2500 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
| Attached Garage | |
| Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 111 Ft |
| Size Frontage | 65 Ft |
| Size Irregular | 65 X 111 Ft |
| Size Total Text | 65 X 111 Ft |
| Zoning Description | Res-4 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 2.88 m | 4.24 m | 2.88 m x 4.24 m |
| Second Level | Primary Bedroom | 4.57 m | 2.89 m | 4.57 m x 2.89 m |
| Second Level | Bedroom 2 | 3.52 m | 2.63 m | 3.52 m x 2.63 m |
| Second Level | Bathroom | 2.84 m | 1.98 m | 2.84 m x 1.98 m |
| Second Level | Kitchen | 2.86 m | 2.36 m | 2.86 m x 2.36 m |
| Second Level | Living Room | 3.48 m | 4.69 m | 3.48 m x 4.69 m |
| Second Level | Dining Room | 3.96 m | 3.74 m | 3.96 m x 3.74 m |
| Basement | Bedroom | 3.37 m | 5.56 m | 3.37 m x 5.56 m |
| Basement | Kitchen | 3.92 m | 2.1 m | 3.92 m x 2.1 m |
| Basement | Bathroom | 3 m | 3 m | 3 m x 3 m |
| Basement | Utility Room | 4.08 m | 2.35 m | 4.08 m x 2.35 m |
| Main Level | Bathroom | 2.86 m | 1.97 m | 2.86 m x 1.97 m |
| Main Level | Kitchen | 2.86 m | 2.38 m | 2.86 m x 2.38 m |
| Main Level | Dining Room | 2.97 m | 3.72 m | 2.97 m x 3.72 m |
| Main Level | Living Room | 3.34 m | 4.65 m | 3.34 m x 4.65 m |
| Main Level | Bedroom | 2.86 m | 4.2 m | 2.86 m x 4.2 m |
| Main Level | Primary Bedroom | 4.48 m | 2.86 m | 4.48 m x 2.86 m |
| Main Level | Bedroom 2 | 3.4 m | 2.71 m | 3.4 m x 2.71 m |
4 public & 4 Catholic schools serve this home. Of these, 8 have catchments. There are 2 private schools nearby.
2 ball diamonds, 2 pools and 3 other facilities are within a 20 min walk of this home.
Street transit stop less than a 3 min walk away. Rail transit stop less than 5 km away.
https://www.realtor.ca/real-estate/28147106/35-shaftsbury-drive-kitchener
Get More info About:35 Shaftsbury Drive Kitchener, Mls# X12073669
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