35 Belmont Avenue W, Kitchener, ON, N2M 1L2

$1,120,000

MLS® # 40544742

Investment For Sale In St. Marys Hospital, Kitchener, Ontario

$1,120,000

Property Information:

Legal duplex with opportunity to add third unit! Purpose-built new in 2023. Timeless open concept layouts in both units, outfitted with 9-foot ceilings on all three levels (including the basement)! Natural light soaks in through the large windows. Each unit features its own private deck. Designer kitchens with quartz counters. Both units have signed leases, boasting a gross annual income of $54,600. Lower unit comprises 2 beds and 1.5 baths. Upper unit comprises 2 beds, 1 bath and garage. Adventurous investors can increase the income generated from this property by adding an accessory dwelling unit. Minor variance approval has already been obtained from the City of Kitchener to build a tiny home in the backyard. Each unit is self-contained with its own furnace, air conditioning, hot water tank and thermostats. Each unit is separately metered and tenants pay their own utilities.

Inclusions: Built-in Microwave,Carbon Monoxide Detector,Smoke Detector

Exclusions : Tenants' Belongings.

Building Features:

  • Floor Space: 1849 Square Feet

Property Features:

  • Bedrooms: 4
  • Acres Range: < 0.5
  • Basement: Full, Finished, Sump Pump
  • Built in: 2023
  • Construction Materials: Vinyl Siding
  • Cooling: Central Air
  • Driveway Parking: Private Drive Single Wide
  • Fencing: Fence - Partial
  • Floor Space (approx): 1849 Square Feet
  • Heating: Baseboard, Electric, Forced Air, Natural Gas
  • Interior Features: Accessory Apartment, Separate Heating Controls, Separate Hydro Meters
  • Laundry Features: In-Suite
  • Lot Features: Irregular Lot, Hospital, Park, Public Transit
  • Lot Frontage: 32.00 Feet
  • Parking Features: Attached Garage, Asphalt, Built-In, Concrete
  • Roof: Asphalt Shing
  • Security Features: Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s)
  • Water Source: Municipal
  • Zoning: RES-4
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 4

Courtesy of: CENTURY 21 HERITAGE HOUSE LTD.

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Additional Photos