42
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$1,199,900
Est. payment /mo
7 Beds
3 Baths
Active
35 Shaftsbury DR Kitchener, ON N2A 1N4
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
MLS Listing ID X12073669
Style 2-Storey
Bedrooms 7
Building Age 51-99
Annual Tax Amount $4,786
Tax Year 2024
Property Sub-Type Duplex
Property Description
6% CAP RATE! PURPOSE-BUILT THREE-UNIT property located in the sought-after Lackner Woods neighbourhood of Kitchener. This cash-flowing gem brings in $7,000 per month in rental income, offering a 6% cap rate and approximately $1,000/month in positive cash flow! Featuring two massive 3-bedroom units at 1,150 sq ft each, and a bright, updated 1-bedroom lower-level unit, this property is ideal for both investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit is thoughtfully updated and includes new granite countertops, open-concept layouts, vinyl flooring, and access to outdoor spaces including private balconies, a private patio, and a shared backyard. The basement unit has a new kitchen and plenty of natural light. Tenants pay all utilities including hydro, and each unit has separate hydro meters along with its own driveway for private parking. The property also boasts a full 2-car garage, parking for 4 more vehicles in the main driveway, plus a brand-new driveway (2024) for an additional 2 cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). This turn-key investment property is walking distance to shopping, parks, schools, and amenities making it the perfect blend of location, income, and lifestyle.
Location
Province ON
County Waterloo
Area Waterloo
Zoning RES-4
Rooms
Basement Finished
Kitchen 3
Interior
Interior Features Separate Hydro Meter
Cooling Wall Unit(s)
Inclusions 3 Fridge, 3 Stove, Washer, Dryer, Hot Water Tank Owned
Exterior
Parking Features Attached
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 7
Building
Foundation Concrete
Others
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Lited by Forest Hill Real Estate Inc.