62 GREENDALE CRESCENT, Kitchener, Ontario, N2A 2R6

MLS® # X12418615

Investment For Sale In Centreville Chicopee, Kitchener, Ontario

$700,000

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62 Greendale Crescent, Kitchener, ON - Outdoor

62 Greendale Crescent, Kitchener, ON - Outdoor With Exterior

62 Greendale Crescent, Kitchener, ON - Indoor Photo Showing Other Room

62 Greendale Crescent, Kitchener, ON - Indoor Photo Showing Living Room

62 Greendale Crescent, Kitchener, ON - Indoor

62 Greendale Crescent, Kitchener, ON - Indoor Photo Showing Dining Room

62 Greendale Crescent, Kitchener, ON - Indoor Photo Showing Laundry Room

62 Greendale Crescent, Kitchener, ON - Indoor Photo Showing Kitchen

62 Greendale Crescent, Kitchener, ON - Indoor Photo Showing Kitchen With Double Sink

62 Greendale Crescent, Kitchener, ON - Indoor Photo Showing Bedroom

62 Greendale Crescent, Kitchener, ON - Indoor Photo Showing Gym Room

62 Greendale Crescent, Kitchener, ON - Indoor Photo Showing Bathroom

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62 GREENDALE CRESCENT, Kitchener, Ontario, N2A 2R6

$700,000

Property Information:

Legal Duplex Investment Every strong portfolio starts with the right property, the kind of investment that generates income today while positioning you for long-term growth. 62 Greendale Crescent is exactly that: a fully permitted, legal duplex with proven rental income, market demand, and the fundamentals investors look for. The upper 2-bedroom unit is already leased at $2,100 per month, providing stable cash flow from day one. The lower 2-bedroom suite, with its own entrance and full layout, is vacant and ready for a new tenant at approximately $1,900$2,100 per month or it can serve as an ideal in-law arrangement while maintaining income from upstairs. With projected annual rents of approximately $48,000 and manageable operating expenses, investors can expect a cap rate in the 5 percent range. With financing available at current interest rates around 4 percent, cash-on-cash returns project in the low-to-mid single digits, with realistic potential for positive monthly cash flow. These are the fundamentals that matter, and they are rarely found at this level in todays market. Unlike many competing listings, this property is already legally compliant, offers parking for five vehicles, a fenced yard, and a low-maintenance setup. Its location near schools, shopping, transit, and highway access further ensures ongoing tenant demand and long-term stability. For first-time investors or those adding to a growing portfolio, 62 Greendale Crescent represents more than just a duplexit is an opportunity to secure reliable returns, build equity, and take the next step toward financial growth with confidence. (id:27)

Building Features:

Style: Duplex
Building Type: Duplex
Architectural Style: Bungalow
Basement Type: Full
Exterior Finish: Aluminum siding, Brick
Floor Space: 700 - 1100 sqft
Foundation Type: Poured Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Water softener, Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 2+2
Bathrooms: 2
Amenities Nearby: Schools, Ski area
Floor Space (approx): 700 - 1100 Square Feet
Irregular: Yes
Lot Size: 40 x 100 Acre
Zoning: RES-3
Sewer: Sanitary sewer
Parking Type: Carport, No Garage
No. of Parking Spaces: 5

Rooms:

Utility Lower Level 6.25 m x 3.89 m
Kitchen Lower Level 7.70 m x 3.28 m
3rd Bedroom Lower Level 4.72 m x 3.28 m
4th Bedroom Lower Level 3.86 m x 2.41 m
Bathroom Lower Level 2.79 m x 1.50 m
Other Lower Level 1.75 m x 1.47 m
Living Main Level 5.41 m x 5.26 m
Kitchen Main Level 6.40 m x 3.05 m
Bedroom Main Level 3.53 m x 2.44 m
2nd Bedroom Main Level 3.53 m x 3.20 m
Bathroom Main Level 2.24 m x 1.50 m

Convert Measurement to:

Courtesy of: Toronto Real Estate Realty Plus Inc

Access to Sold Data on this website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of residential real estate.

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Sales/Price History

Market Price Trends

All Properties

6.26%

Price change (1 year)

32.48%

Price change (5 years)

Location of 62 GREENDALE CRESCENT, Kitchener, Ontario, N2A 2R6

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

52/100

Moderate

ClimateCheck®

Current data

This property, 62 GREENDALE CRESCENT , experiences 7 hot days per year at around 30.8 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.4 degrees Celsius.

Projected Avg. Temperature

Past

30.8℃

2050

34.4℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 62 GREENDALE CRESCENT , experiences 11 significant 2-day storms per year, with about 319.7mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 396.8mm of precipitation per year.

Precipitation Per Storm

Past

319.7mm

2050

396.8mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 62 GREENDALE CRESCENT, Kitchener, Ontario, N2A 2R6

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$84,922.24

Average Number of Children

1.81

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.05 %

High school certificate or equivalent

35.87 %

Apprenticeship trade certificate/diploma

7.94 %

College/non-university certificate

19.07 %

University Degree

15.07 %

Commuter

Travel To Work

By Car

85.57 %

By Public Transit

7.17 %

By Walking

3.48 %

By Bicycle

0.0 %

By Other Methods

3.78 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

58.44 %

Houses

41.56 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Rooms:

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Sales/Price History

Market Price Trends

All Properties

Location of 62 GREENDALE CRESCENT, Kitchener, Ontario, N2A 2R6

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 62 GREENDALE CRESCENT, Kitchener, Ontario, N2A 2R6

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

62 GREENDALE CRESCENT, Kitchener, Ontario, N2A 2R6

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing