114 Church Street

Kitchener, ONMulti-family
$1,099,900
MLS® X13749670
Multi-family6 beds5 baths4 total
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About This Property

An exceptional investment opportunity in the heart of Kitchener! This beautiful legal century triplex combines timeless character with extensive modern upgrades, offering investors a truly turnkey addition to their portfolio. Ideally located just a short walk from Downtown Kitchener and the Kitchener Market LRT stop, the property provides tenants with convenient access to transit, restaurants, shopping, entertainment and everything the downtown core has to offer. Currently generating an impressive 4.6% cap rate, all three units are occupied by great young professional tenants paying market rents plus utilities, providing strong and reliable income from day one. The property has undergone substantial upgrades, including updated plumbing and electrical, forced-air furnaces, water heaters, roof, windows, aluminum fascia, soffits and eaves. The interiors have also been thoughtfully updated with new kitchens, bathrooms, flooring, stainless steel appliances and much more, creating attractive, comfortable living spaces that appeal to today's tenants. With its combination of legal triplex status, market rents, extensive capital improvements and a highly walkable location, this is a rare opportunity to acquire a well-maintained, income-producing property with the character of a century home and the major updates already taken care of. A fantastic investment in one of Kitchener's most convenient and connected locations! (id:63604)

Key Facts

Type
Multi-family
Beds
6
Baths
5
Size
2,500 sqft
Lot
66.4 x 65.5 FT
Parking
4 total

Highlights

  • Refrigerator
  • Dishwasher
  • Stove
  • Dryer
  • Two Washers
  • Water Heater
Property Details 15 details
Bedrooms
6 bedrooms
6 above grade
Bathrooms
5 bathrooms
1 partial
Parking
4 parking spaces
No Garage
Living area
2,500 - 3,000 sq. ft.
Property
Multi-family · Attached
Property subtype
Multi-family
Structure type
Triplex
Attached status
Attached
Storeys
3
Basement
Unfinished, Full, Walk-up
Heating
Forced air, Electric, Natural gas
Fireplace
No
Lot dimensions
66.4 x 65.5 FT
Frontage
66.40 feet
Taxes
$7,100.00 (2,026)
Zoning
SGA-1
Water source
Municipal water
Sewer
Sanitary sewer

Interior features

RefrigeratorDishwasherStoveDryerTwo WashersWater HeaterSeparate Electricity MetersSeparate Heating Controls

Exterior features

BrickVinyl sidingStone
Mortgage & Affordability Estimate monthly costs
Mortgage Tools Buyer/Seller Snapshot
Purchase price$1,099,900
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

City
Kitchener
Postal code
N2G 2S4
Nearby
Church St and Eby St S
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