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351 HOFFMAN Street, Kitchener, Ontario, N2M 3N5

MLS® # 40815521
Investment For Sale In Southdale, Kitchener, Ontario
$1,200,000
351 Hoffman Street, Kitchener, ON - Outdoor With Exterior
351 Hoffman Street, Kitchener, ON - Outdoor
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Other Room
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Other Room
351 Hoffman Street, Kitchener, ON -
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Basement
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Laundry Room
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Bedroom
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Kitchen
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Bathroom
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Kitchen
351 Hoffman Street, Kitchener, ON - Outdoor With Exterior
351 Hoffman Street, Kitchener, ON - Outdoor
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Other Room
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Other Room
351 Hoffman Street, Kitchener, ON -
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Basement
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Laundry Room
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Bedroom
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Kitchen
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Bathroom
351 Hoffman Street, Kitchener, ON - Indoor Photo Showing Kitchen
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351 HOFFMAN Street, Kitchener, Ontario, N2M 3N5
$1,200,000

Property Information:

An exceptional opportunity to purchase a well maintained, professionally managed purpose built sixplex on a large lot with Res-6 zoning. The property features six 1 bedroom apartments, with an average rent of $997. Tenants pay their own hydro. Landlord pays for gas and water. Recent upgrades include: Boiler (2015), Driveway and Roof (2022). There is significant upside potential on the rents along with the potential to intensify the site with additional units. (id:27)

Building Features:

  • Style: Multiplex
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Brick
  • Floor Space: 2834 sqft
  • Foundation Type: Block
  • Heating Type: Other
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Highway access
  • Amenities Nearby: Golf Nearby, Hospital
  • Features: Paved driveway, Laundry- Coin operated
  • Floor Space (approx): 2834 Square Feet
  • Irregular: Yes
  • Lot Depth: 129 Feet
  • Lot Frontage: 78 Feet
  • Lot Size: 0.23 Acres
  • Zoning: RES-6
  • Sewer: Municipal sewage system
  • Parking Type: Open
  • No. of Parking Spaces: 8

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Market Price Trends

Single family detached

-4.7%

Price change (1 year)

27.8%

Price change (5 years)

All Properties

-4.84%

Price change (1 year)

29.11%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 351 HOFFMAN Street, Kitchener, Ontario, N2M 3N5

Demographic Information of 351 HOFFMAN Street, Kitchener, Ontario, N2M 3N5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$84,194.76

Average Number of Children

1.71

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.28 %

High school certificate or equivalent

32.28 %

Apprenticeship trade certificate/diploma

6.8 %

College/non-university certificate

20.14 %

University certificate (below bachelor)

2.16 %

University Degree

14.34 %

Commuter

Travel To Work

By Car

88.31 %

By Public Transit

8.7 %

By Walking

1.9 %

By Bicycle

0.07 %

By Other Methods

1.02 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

64.56 %

Houses

35.44 %

Own Vs. Rent

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