115 Roxborough Avenue,Kitchener, ON N2M 1P6
Kitchener, ON N2M 1P6
Description
Are you looking for a solid, turnkey investment in Kitchener-Waterloo? An income-producing property with a projected CAP rate over 5.5%? Anchored by a core location with proximity to retail and hospitals? Presenting 115 Roxborough Avenue, a classic red-brick Tri-plex comprised of three spacious two-bedroom units. Savvy investors will recognize that this property has all the amenities needed to attract top tenants and achieve market rents. The large units feature classic finishes like oak trimwork and spacious eat-in kitchens. There is plenty of on-site parking up to 6 spaces. A large lot offers the potential for densification, investors may consider adding an additional dwelling unit (ADU) for added income. Two units are vacant, ready for market rents and for the new landlord to establish tenancies of their choosing. Conveniently located near retail and shopping amenities just a block away, including public transit. The expressway and downtown Kitchener are less than a 10-minute drive. This property has been impeccably maintained. Contact us for a list of property upgrades or to receive a ProForma outlining income and expense projections.
Details
| MLS # | 40867328 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1956 |
| Days On Site | 21 |
| Listing Provided By | BENJAMINS REALTY INC. | Mark Benjamins |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 1,938 |
| Basement | Y |
| Story(s) | 2 |
| Units | 3 |
| Zoning | RES-4 |
| Acreage | 0.15 |
Interior
| Appliances | Refrigerator, Stove |
|---|---|
| Interior Features | Separate Hydro Meters |
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | Coin Operated |
Exterior
| Exterior Features | Separate Hydro Meters |
|---|---|
| Lot Features | Rectangular, City Lot, Hospital, Park, Place of Worship, Public Transit, Schools, Shopping Nearby |
| Construction Materials | Brick |
| Roof | Asphalt Shing |
| Foundation Details | Poured Concrete |
Parking
| Open Parking Yes / No | Yes |
|---|
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 5638.05 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Waterloo |
| City | Kitchener |
| Postal Code | N2M 1P6 |
| Area | 3 Kitchener West |
| Subarea | 325 Forest Hill |
| Community Name | 325 Forest Hill |
| Listing VS Median (in 325 Forest Hill) | |
Price: $875,000 low | high Med: $569,900 sqft: 1,938 low | high Med: 1,280 $ / sqft: $451 low | high Med: $445 On site: 21 low | high Med: 25 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Waterloo |
| City | Kitchener |
| Postal Code | N2M 1P6 |
| Area | 3 Kitchener West |
| Subarea | 325 Forest Hill |
| Community Name | 325 Forest Hill |
| Listing VS Median (in 325 Forest Hill) | |
Price: $875,000 low | high Med: $569,900 sqft: 1,938 low | high Med: 1,280 $ / sqft: $451 low | high Med: $445 On site: 21 low | high Med: 25 | |
