115 ROXBOROUGH Avenue
Kitchener, Ontario
MLS® 40867328
$875,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 40867328
- Bedrooms
- 6
- Bathrooms
- 3
- Year built
- 1956
1 / 48Listing description
Are you looking for a solid, turnkey investment in Kitchener-Waterloo? An income-producing property with a projected CAP rate over 5. 5%?
Anchored by a core location with proximity to retail and hospitals? Presenting 115 Roxborough Avenue, a classic red-brick Tri-plex comprised of three spacious two-bedroom units. Savvy investors will recognize that this property has all the amenities needed to attract top tenants and achieve market rents.
The large units feature classic finishes like oak trimwork and spacious eat-in kitchens. There is plenty of on-site parking up to 6 spaces. A large lot offers the potential for densification, investors may consider adding an additional dwelling unit (ADU) for added income.
Two units are vacant, ready for market rents and for the new landlord to establish tenancies of their choosing. Conveniently located near retail and shopping amenities just a block away, including public transit. The expressway and downtown Kitchener are less than a 10-minute drive.
This property has been impeccably maintained. Contact us for a list of property upgrades or to receive a ProForma outlining income and expense projections.
Property summary
- MLS® number
- 40867328
- Property type
- Multi-family
- Building type
- Triplex
- Size
- 2,876 sq ft
- Title
- Freehold
- Land size
- 0.148 acres
- Built in
- 1956
- Annual property taxes
- $5,638.05
- Parking
- 6 spaces · Open
- Days on market
- 4 days
Features & details
- Heating
- Natural gas
- Cooling
- None
- Basement
- Finished, Full
- Exterior features
- Brick
- Lot features
- Laundry- Coin operated
What would this home cost you?
Based on the $875,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Benjamins Realty Inc., Kitchener.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.