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$ 940,000
Est. payment | /mo
6 Beds
3 Baths
1,861 SqFt
$ 940,000
Est. payment | /mo
6 Beds
3 Baths
1,861 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1861
Square Footage 1,861 sqft
Price per Sqft $505
Subdivision 212 - Downtown Kitchener/East Ward
MLS® Listing ID 40848761
Bedrooms 6
Property Sub-Type Freehold
Property Description
Cash Flow. Flexibility. Future Potential. Welcome to 80 Jackson Avenue, Kitchener-a rare opportunity to own a legal triplex on an oversized 66x165ft lot in one of Kitchener's most convenient locations.Whether you're looking to expand your investment portfolio, offset your mortgage by living in one unit, or create the ideal multi-generational family compound, this property offers exceptional versatility. With the potential to generate over $6,000 per month in rental income, this is a cash-flow-positive investment that can help build your wealth while you sleep. With two vacant units and the third unit rented at market rent the possibilities are endless.The thoughtfully converted bungalow features three legal self-contained units with modern finishes and in-suite laundry:- A bright and spacious 3-bedroom main floor apartment with an oversized eat-in kitchen, generous living space, and abundant natural light.- A well-appointed 2-bedroom lower-level apartment, ideal for long-term tenants.- A unique split-level 1-bedroom unit featuring an open-concept layout, soaring vaulted ceilings, skylights, and direct access to the backyard-offering a living experience that stands out from the typical rental.The opportunities don't stop there. Sitting on a massive lot, the property offers exciting potential to add an Additional Dwelling Unit (ADU) (subject to municipal approvals), creating another income stream and increasing your long-term return on investment.Located in a quiet, established neighbourhood with access to Highway 7/8 in three minutes or less. The Kitchener Memorial Auditorium Complex, shopping, schools, parks, public transit, and countless nearby amenities make this a location tenants love, investors value and anyone would like to call home. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating , Forced air, Heat Pump,
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 5
Garage No
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Real Broker Ontario Ltd.
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