115 Marlborough AVE new Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2M 1H7
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
MLS Listing ID X12297553
Style 2-Storey
Bedrooms 5
Building Age 51-99
Annual Tax Amount $5,295
Tax Year 2024
Property Sub-Type Triplex
Property Description
Purpose-Built Triplex in the St. Marys Hospital Neighbourhood! This upgraded triplex backs directly onto Admiral Park with convenient park access, offering exceptional income potential in a highly desirable location. Purpose-built and thoughtfully designed, the property features two spacious 2-bedroom units, each with private entrances, as well as a bright and generously sized 1-bedroom lower unit with abundant natural light. The upper unit also features a walkout balcony, adding to its appeal. Each unit is separately metered for hydro, with an additional common meter and a shared laundry facility to streamline operations. All units will be vacant on closing, providing the flexibility to set market rents and maximize returns from day one. A unique feature of this property is the three elongated single car garages, one dedicated to each unit, along with a loft area that offers additional income potential. There is also parking for approximately seven vehicles, offering excellent convenience for tenants or future owners. Recent upgrades include updated flooring, select plumbing improvements, roof shingles on the main building (2021), and a new garage roof (2024), ensuring low ongoing maintenance and long-term value. Ideally located near transit, parks, hospitals, and major amenities, this triplex is a strong income generator in a thriving neighbourhood. With significant upgrades already completed and all units ready for occupancy, this is a low-risk, high-reward investment opportunity with lasting potential.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Full,Separate Entrance
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Carpet Free,Guest Accommodations,In-Law Suite,Separate Hydro Meter,Separate Heating Controls,Storage,Water Heater,Water Softener
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Porch
Parking Features Private Double
Garage Spaces 3.0
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Lot Frontage 54.0
Lot Depth 124.0
Total Parking Spaces 7
Building
Unit Features Level,Public Transit,School
Foundation Poured Concrete
Others
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