Kitchener ON, N2A 1N4
Property Information:
FULLY VACANT 3 UNIT HOME! 6% CAP RATE PURPOSE-BUILT THREE-UNIT PROPERTY IN LACKNER WOODS! This cash-flowing gem brings in approximately $7,000 per month in rental income, offering a 6% cap rate and around $1,000 per month in positive cash flow. Featuring two spacious 3-bedroom units (1,150 sq ft each) and a bright, updated 1-bedroom lower-level unit, this property is ideal for investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit has been thoughtfully updated with 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 offers a new kitchen and plenty of natural light. Each unit has separate hydro meters and its own private driveway. Additional highlights include a full 2-car garage, parking for 4 more vehicles in the main driveway, and a new 2024 driveway for 2 extra cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). Located steps from shopping, parks, schools, and amenities, this turn-key investment blends income potential, location, and modern comfort. (id:27)
Building Features:
- Style: Duplex
- Building Type: Duplex
- Air Conditioning: Yes
- Amenities: Separate Hydro Meters
- Basement Development: Finished
- Basement Type: N/A
- Exterior Finish: Brick
- Floor Space: 2000 - 2500 sqft
- Foundation Type: Concrete
- Heating Type: Radiant heat
- Heating Fuel: Natural gas
- Cooling Type: Wall unit
- Appliances: Dryer, Stove, Washer, Refrigerator
Property Features:
- Property Type: Multi-family
- Bedrooms: 6+1
- Bathrooms: 3
- Floor Space (approx): 2000 - 2500 Square Feet
- Irregular: Yes
- Lot Depth: 111 Feet
- Lot Frontage: 65 Feet
- Lot Size: 65 x 111 FT
- Zoning: RES-4
- Sewer: Sanitary sewer
- Parking Type: Attached garage, Garage
- No. of Parking Spaces: 7
Rooms:
- Bedroom 2nd Level 2.88 m x 4.24 m 9.45 ft x 13.91 ft
- Primary Bedroom 2nd Level 4.57 m x 2.89 m 14.99 ft x 9.48 ft
- 2nd Bedroom 2nd Level 3.52 m x 2.63 m 11.55 ft x 8.63 ft
- Bathroom 2nd Level 2.84 m x 1.98 m 9.32 ft x 6.50 ft
- Kitchen 2nd Level 2.86 m x 2.36 m 9.38 ft x 7.74 ft
- Living 2nd Level 3.48 m x 4.69 m 11.42 ft x 15.39 ft
- Dining 2nd Level 3.96 m x 3.74 m 12.99 ft x 12.27 ft
- Bedroom Basement Level 3.37 m x 5.56 m 11.06 ft x 18.24 ft
- Kitchen Basement Level 3.92 m x 2.10 m 12.86 ft x 6.89 ft
- Bathroom Basement Level 3.00 m x 3.00 m 9.84 ft x 9.84 ft
- Utility Basement Level 4.08 m x 2.35 m 13.39 ft x 7.71 ft
- Bathroom Main Level 2.86 m x 1.97 m 9.38 ft x 6.46 ft
- Kitchen Main Level 2.86 m x 2.38 m 9.38 ft x 7.81 ft
- Dining Main Level 2.97 m x 3.72 m 9.74 ft x 12.20 ft
- Living Main Level 3.34 m x 4.65 m 10.96 ft x 15.26 ft
- Bedroom Main Level 2.86 m x 4.20 m 9.38 ft x 13.78 ft
- Primary Bedroom Main Level 4.48 m x 2.86 m 14.70 ft x 9.38 ft
- 2nd Bedroom Main Level 3.40 m x 2.71 m 11.15 ft x 8.89 ft
Convert Measurement to:
Courtesy of: Forest Hill Real Estate Inc.
⚠ Potential Investment Performance
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Market Price Trends
Location of 35 SHAFTSBURY DRIVE, Kitchener, Ontario, N2A 1N4
Demographic Information of 35 SHAFTSBURY DRIVE, Kitchener, Ontario, N2A 1N4
Life Stage
Young CouplesEmployment Type
Blue Collar/Primary, Blue Collar/Service SectorAverage Household Income
$97,623.59Average Number of Children
1.74Household Population
Household Structure
Age of Population
Education
Education Level
No certificate/diploma/degree
22.79 %High school certificate or equivalent
33.64 %Apprenticeship trade certificate/diploma
6.51 %College/non-university certificate
20.21 %University certificate (below bachelor)
1.67 %University Degree
15.19 %Commuter
Travel To Work
By Car
87.09 %By Public Transit
6.58 %By Walking
2.54 %By Bicycle
0.0 %By Other Methods
3.79 %Cultural Diversity
Knowledge of Official Language
Mother Tongue
Building Information
Building Type
Apartments (Low and High Rise)
40.47 %Houses
59.53 %