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$ 1,199,900
Est. payment /mo
New
35 Shaftsbury DR Kitchener, ON N2A 1N4
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
MLS Listing ID X12073669
Style 2-Storey
Bedrooms 6
Building Age 51-99
Annual Tax Amount $4,786
Tax Year 2024
Property Sub-Type Duplex
Property Description
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.
Location
State ON
County Waterloo
Area Waterloo
Rooms
Family Room Yes
Basement Finished
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Separate Hydro Meter
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Double
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 65.0
Lot Depth 111.0
Total Parking Spaces 7
Building
Foundation Concrete
Others
Virtual Tour https://unbranded.youriguide.com/lg8gc_35_shaftsbury_dr_kitchener_on/
Listed by Forest Hill Real Estate Inc.