Would it not be great if you could buy a property with 2 separate units, where you live in one 2-BEDROOM unit, while the tenant's rent from the other unit paid for most of your mortgage costs?! This vacant LEGAL DUPLEX will do just that! Ideally located in vibrant downtown Kitchener this property will generate a gross income of $50,000/year (a net income of $40,000/year). Great opportunity for investors or homeowners looking to offset their mortgage with rental income. This well-maintained property features two beautifully updated 2-bedroom units, each with separate laundry facilities and modern finishes. Unit 1: Main Floor + Basement Unit: 2 beds, 1.5 baths – Market rent approx. $2,200/month. Unit : Upper Unit: 2 beds, 1 bath – Market rent approx. $1,950/month. With three dedicated parking spaces, a fully fenced backyard with a patio, and a location that puts you steps from parks, transit (ION Light Rail & bus routes), the Tannery District, Google, restaurants, and more, this property is the definition of convenience. Whether you're looking to move in and set your own rents or add a solid investment to your portfolio, this duplex is turnkey and ready to go. Opportunities like this don’t last long! (id:4069)
Address
52 HENRY Street
List Price
$724,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
2 Level
Area
Ontario
Sub-Area
Kitchener
Bedrooms
4
Bathrooms
3
Floor Area
2,085 Sq. Ft.
Year Built
1913
MLS® Number
40693622
Listing Brokerage
Royal LePage Wolle Realty
Basement Area
Full (Finished)
Postal Code
N2G1P3
Zoning
RES-4
Site Influences
Hospital, Park, Place of Worship, Public Transit, Schools
Features
Paved driveway
