An exceptional turnkey investment opportunity in a prime Kitchener location. This fully leased legal duplex offers immediate, stable cash flow with a spacious 3-bedroom upper unit rented for $2,350/month plus 70% of utilities and a self-contained 1-bedroom lower suite rented for $1,400/month plus 30% of utilities, generating $3,750 in total monthly rental income. Both units are occupied with approximately one year remaining on their leases, providing investors with reliable income from day one. The property has been well maintained and features numerous recent updates, including a brand new furnace (2026), roof shingles replaced in 2021, fresh paint throughout, updated bathrooms, new flooring in the lower unit, and other thoughtful improvements that minimize future capital expenses. Separate laundry for each unit offers added convenience and privacy for tenants, while the oversized backyard and prime location just minutes from Sunrise Plaza, Highway 7/8, schools, parks, trails, shopping, and everyday amenities further enhance its long-term appeal. Whether you're looking to expand your portfolio or secure a low-maintenance, income-producing asset with quality tenants already in place, this legal duplex is an outstanding investment opportunity. (id:2493)
Property Type:
Multi-family
Property Attached:
Yes
Living Area (Min):
700 sq. ft.65 m2
Living Area (Max):
1,100 sq. ft.102 m2
Taxes:
$4,436 /
2025
Features:
Fireplace(s)
Exterior Features:
Brick
Structure Type:
Duplex
Appliances Included:
Dishwasher, Dryer, Two stoves, Two Washers, Water Heater, Two Refrigerators
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