$429,900
FOR SALE

Attached/Row House/Townhouse 2-Storey

Bedrooms: 4Bathrooms: 2Lot: 20.74 x 70.54 ft
2025 Taxes: $2,577.65

61 Eby St S #B
Kitchener, ON N2G 3K9 | Waterloo

[ HIGHEST CAP RATE IN TOWN at 7%+ | FULLY VACANT | PRIME DOWNTOWN INVESTMENT ] Rare opportunity to acquire a fully vacant, non-conforming duplex townhouse offering the highest potential cap rate in town (7%+) and unmatched flexibility for investors or owner-occupiers. With both units vacant, you can immediately set market rents, house-hack, accommodate multigenerational living, or explore alternative uses - no tenant constraints. The upper unit features updated flooring and a clean, neutral palette. A bright living room flows into the dining area, creating a comfortable and functional living space. The kitchen offers white cabinetry, ample storage, and outdoor views. Builtin hallway cabinets and additional storage add everyday convenience. Upstairs are three well-sized bedrooms, a 4-piece bath, and access to a private balcony. The lower unit has a separate entrance, enhancing privacy and rental appeal. It includes a kitchen, family room, spacious bedroom, 4-piece bath, and additional storage - ideal for a secondary rental unit, in-law suite, or extended family use. At market rents, the property can easily generate $3,500+/month in combined income, delivering strong cash flow. The investment performance speaks for itself, with a net profit exceeding $31,000 in 2025, making this a true turn-key, high-yield asset. Located in the heart of Downtown Kitchener, steps to ION LRT, Kitchener Market, Victoria Park, schools, shopping, and dining - ensuring long-term demand and rent stability. Vacant. High-yield. Flexible. A standout opportunity for savvy investors looking to maximize returns from day one. Book your private showing today.
Extras
Water Heater Owned
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Listed By CITYSCAPE REAL ESTATE LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13006288
Last Updated Apr 16, 2026
Property Summary
Property Type Attached/Row House/Townhouse

More like this:
PIN 225020029
Legal Description PT LT 7 PL 367 KITCHENER AS IN 1073925; S/T & T/W 1337060; KITCHENER
Taxes (2025) $2,577.65
Directions/Cross Streets Church St and Eby St
Area Waterloo
Price History

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Detailed Information
Fronting On East
Special Designations Unknown
Bedrooms 4
Bathrooms 2
Lot 20.74 x 70.54 ft
Exterior Brick
Air Conditioning None
Family Room Y
Basement Finished with Walk-Out, Full
Garage Type None
Parking Spaces 1
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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