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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

4 Beds

2 Baths

Save

Est. payment | -/mo

Save

4 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

MLS Listing ID X13202190

Style Bungalow-Raised

Bedrooms 4

Annual Tax Amount $4,436

Tax Year 2025

Property Sub-Type Duplex

Property Description

An exceptional turnkey investment opportunity in a prime Kitchener location. This fully leased legal duplex offers immediate, stable cash flow with a spacious 3-bedroom upper unit rented for $2,350/month plus 70% of utilities and a self-contained 1-bedroom lower suite rented for $1,400/month plus 30% of utilities, generating $3,750 in total monthly rental income. Both units are occupied with approximately one year remaining on their leases, providing investors with reliable income from day one. The property has been well maintained and features numerous recent updates, including a brand new furnace (2026), roof shingles replaced in 2021, fresh paint throughout, updated bathrooms, new flooring in the lower unit, and other thoughtful improvements that minimize future capital expenses. Separate laundry for each unit offers added convenience and privacy for tenants, while the oversized backyard and prime location just minutes from Sunrise Plaza, Highway 7/8, schools, parks, trails, shopping, and everyday amenities further enhance its long-term appeal. Whether you're looking to expand your portfolio or secure a low-maintenance, income-producing asset with quality tenants already in place, this legal duplex is an outstanding investment opportunity.

Location

Province ON

County Waterloo

Area Waterloo

Rooms

Family Room No

Basement Apartment, Separate Entrance

Kitchen 2

Separate Den/Office 1

Interior

Interior Features Accessory Apartment, Water Heater, Storage Area Lockers

Cooling Central Air

Fireplaces Number 1

Fireplaces Type Wood

Inclusions 2 stoves, 2 fridges, dishwasher, 2 washers, 2 dryers

Exterior

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 32.63

Lot Depth 124.62

Total Parking Spaces 5

Building

Foundation Concrete

Others

Senior Community Yes

ParcelsYN No

Listed by EXP REALTY

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(647) 493-3579

info@tonyledi.com

CAN

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35 Hillsborough CRES Kitchener, ON N2E 1J5