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$ 949,000
Est. payment | /mo
7 Beds
5 Baths
$ 949,000
Est. payment | /mo
7 Beds
5 Baths
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X13648016
Style Bungalow
Bedrooms 7
Annual Tax Amount $4,504
Tax Year 2025
Property Sub-Type Detached
Property Description
Incredible turnkey investment opportunity. A Fully Renovated Legal Duplex located in a desirable Forest Heights, Kitchener neighborhood. 4 spacious bedrooms with 2 washrooms on the Main Floor. 3 bedrooms Legal Basement apartment with separate entrance and 3 ensuite washrooms. Total living floor area of 1,892 square feet including the basement. Thousands spent on the renovations approx. $200K plus. Both units are beautifully designed with high-end finishes, including luxury vinyl flooring, appliances and separate in-suite laundries for both units on the main floor and the basement. Seeing is believing. New floors, New washrooms, New furnace, New AC, New water heater and many many more. Extended new driveway approved by the city which can accommodate 3 vehicles. The old aluminum wiring is replaced with new copper wiring in the whole house. The gas line was replaced from road to the property spent approx. $5K. New front raised concrete porch spent approx. $7K. All brick bungalow in desirable Forest Heights, Kitchener neighborhood close to all amenities, shopping, and schools. 3 season sunroom, garden shed, fenced backyard, and large single garage. Silver Aspen is a prime rental location that will always attract great tenants as it is close to all universities in waterloo. With a gross potential income of approx. $65,000/annum and minimal expenses, this property is a true wealth-builder. Main floor can be rented for $2800 and basement can also be rented for $2600. Live in one unit while renting out the basement as a mortgage helper, or maximize your portfolio with a fully leased option. Please check the attached layout plans approved by the city. Open houses on August 8th from 2:30-4:30pm.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Apartment, Separate Entrance
Kitchen 2
Separate Den/Office 3
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 45.0
Lot Depth 90.0
Total Parking Spaces 4
Building
Foundation Concrete
Others
ParcelsYN No
Listed by KINGSWAY REAL ESTATE
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