Legal duplex with opportunity to add third unit! Purpose-built new in 2023. Timeless open concept layouts in both units, outfitted with 9-foot ceilings on all three levels (including the basement)! Natural light soaks in through the large windows. Each unit features its own private deck. Designer kitchens with quartz counters. Both units have signed leases, boasting a gross annual income of $54,600. Lower unit comprises 2 beds and 1.5 baths. Upper unit comprises 2 beds, 1 bath and garage. Adventurous investors can increase the income generated from this property by adding an accessory dwelling unit. Minor variance approval has already been obtained from the City of Kitchener to build a tiny home in the backyard. Each unit is self-contained with its own furnace, air conditioning, hot water tank and thermostats. Each unit is separately metered and tenants pay their own utilities.
Data was last updated July 7, 2024 at 11:50 PM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$659,450
Min list price:
$350,000
Max list price:
$1,149,000
Avg days on market:
8
Min days on market:
2
Max days on market:
171
Avg price per sq.ft.:
$495.74
These statistics are generated based on the current listing's property type
and located in
325 - Forest Hill. Average values are
derived using median calculations.