Welcome to a remarkable investment opportunity in a prime location! This beautifully renovated duplex offers two spacious and modern units, each with separate, fully fenced backyards, ideal for savvy investors seeking AAA tenants already in place. The first unit features 3 bedrooms and 1 bathroom, providing ample space for a family or multiple occupants. The second unit offers 2 bedrooms and 1 bathroom, perfect for a smaller household or single professional. With parking space for up to 7 vehicles, your tenants will appreciate the convenience and flexibility. Both units boast stylish updates and contemporary finishes, ensuring a comfortable living experience. The backyards are fully fenced, providing privacy and security, perfect for children, pets or outdoor gatherings. Situated on a large lot measuring 61.91 x 126.16, just under a quarter-acre, this property offers plenty of room for potential expansion or future development. Located right off Highway 401, commuting is a breeze and the quiet neighbourhood with only one neighbouring property provides a serene living environment. Just an 8 minute drive to Conestoga College, 10 minute drive to Waterloo Regional Airport and short walk to public transit and various amenities, this location highly desirable for many! Whether you're looking for a steady rental income or a flexible living arrangement, this duplex has it all. The current rental income of $5000 per month, with tenants responsible for their own hydro, makes this property a lucrative investment. With a location like this, it won't last long. Don't miss your chance to own a premium duplex in an AAA location! Schedule your viewing today and secure this fantastic opportunity. No Public Open Houses. (id:47421)
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Detailed Information
Bedrooms
5
Bathrooms
2
Lot
62 x 126 ft
Amenities Nearby
Airport, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Community Features
Quiet Area, School Bus
Equipment
Water Heater
Features
Industrial mall/subdivision
Listing Contract Date
2024-04-23
Location Description
401 + King Street King Street > Right onto Fountain > Left onto Kitchener > Left ont Hillcrest
Ownership Type
Freehold
# of Parking Spaces
7
Property Type
Multi-family
Rental Equipment
Water Heater
Structures
Shed
Transaction Type
For sale
Zoning Description
R4
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1968
Cooling Type
Central air conditioning
Exterior Finish
Brick, Vinyl siding
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Duplex
Parking Spaces
Name
Spaces
Attached Garage
Land
Total Size
under 1/2 acre
Access Type
Highway access
Amenities
Airport, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Sewer
Municipal sewage system
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