Kitchener N2A 1N4 Ontario
MLS: X12475532
Added 7 hours ago | For Sale
Listed by: Forest Hill Real Estate Inc.
6% CAP RATE! PURPOSE-BUILT THREE-UNIT PROPERTY IN LACKNER WOODS! This cash-flowing gem brings in approximately $7,000 per month in rental income, offering a 6% cap rate and around $1,000 per month in positive cash flow. Featuring two spacious 3-bedroom units (1,150 sq ft each) and a bright, updated 1-bedroom lower-level unit, this property is ideal for investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit has been thoughtfully updated with 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 offers a new kitchen and plenty of natural light. Tenants pay all utilities, and each unit has separate hydro meters and its own private driveway. Additional highlights include a full 2-car garage, parking for 4 more vehicles in the main driveway, and a new 2024 driveway for 2 extra cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). Located steps from shopping, parks, schools, and amenities, this turn-key investment blends income potential, location, and modern comfort.
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Bedroom | 9 ft, 5 in x 13 ft, 9 in | |
| Primary Bedroom | 14 ft, 8 in x 9 ft, 5 in | ||
| Bedroom 2 | 11 ft, 2 in x 8 ft, 11 in | ||
| Bathroom | 4 Pc Bath | 9 ft, 5 in x 6 ft, 6 in | |
| Kitchen | 9 ft, 5 in x 7 ft, 10 in | ||
| Dining Room | 9 ft, 9 in x 12 ft, 2 in | ||
| Living Room | 10 ft, 11 in x 15 ft, 3 in | ||
| Second | Bedroom | 9 ft, 5 in x 13 ft, 11 in | |
| Primary Bedroom | 15 ft x 9 ft, 6 in | ||
| Bedroom 2 | 11 ft, 7 in x 8 ft, 8 in | ||
| Bathroom | 4 Pc Bath | 9 ft, 4 in x 6 ft, 6 in | |
| Kitchen | 9 ft, 5 in x 7 ft, 9 in | ||
| Living Room | 11 ft, 5 in x 15 ft, 5 in | ||
| Dining Room | 13 ft x 12 ft, 3 in | ||
| Basement | Bedroom | 11 ft, 1 in x 18 ft, 3 in | |
| Kitchen | 12 ft, 10 in x 6 ft, 11 in | ||
| Bathroom | 3 Pc Bath | 9 ft, 10 in x 9 ft, 10 in | |
| Utility Room | 13 ft, 5 in x 7 ft, 9 in |
No property rooms available.
