35 SHAFTSBURY DRIVE Active Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2A1N4
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $599
MLS Listing ID X12073669
Bedrooms 7
Originating Board OnePoint Association of REALTORS®
Property Description
6% CAP RATE! PURPOSE-BUILT THREE-UNIT property located in the sought-after Lackner Woods neighbourhood of Kitchener. This cash-flowing gem brings in $7,000 per month in rental income, offering a 6% cap rate and approximately $1,000/month in positive cash flow! Featuring two massive 3-bedroom units at 1,150 sq ft each, and a bright, updated 1-bedroom lower-level unit, this property is ideal for both investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit is thoughtfully updated and includes new granite countertops, open-concept layouts, vinyl flooring, and access to outdoor spaces including private balconies, a private patio, and a shared backyard. The basement unit has a new kitchen and plenty of natural light. Tenants pay all utilities including hydro, and each unit has separate hydro meters along with its own driveway for private parking. The property also boasts a full 2-car garage, parking for 4 more vehicles in the main driveway, plus a brand-new driveway (2024) for an additional 2 cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). This turn-key investment property is walking distance to shopping, parks, schools, and amenities making it the perfect blend of location, income, and lifestyle. (id:24570)
Location
Province ON
Rooms
Kitchen 3.0
Extra Room 1 Second level 2.88 m X 4.24 m Bedroom
Extra Room 2 Second level 4.57 m X 2.89 m Primary Bedroom
Extra Room 3 Second level 3.52 m X 2.63 m Bedroom 2
Extra Room 4 Second level 2.84 m X 1.98 m Bathroom
Extra Room 5 Second level 2.86 m X 2.36 m Kitchen
Extra Room 6 Second level 3.48 m X 4.69 m Living room
Interior
Heating Radiant heat
Cooling Wall unit
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 7
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
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