Kitchener, ON N2A1N4,35 SHAFTSBURY DRIVE
Kitchener, ON N2A1N4,35 SHAFTSBURY DRIVE
Kitchener, ON N2A1N4,35 SHAFTSBURY DRIVE
42
See all 42 photos
$1,199,900
Est. payment /mo
7 Beds
3 Baths
2,000 SqFt
New

35 SHAFTSBURY DRIVE Kitchener, ON N2A1N4

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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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Listed by Forest Hill Real Estate Inc.

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Michelle Whiteley

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+1(403) 336-2164

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35 SHAFTSBURY DRIVE