31 BINGEMAN Street
Kitchener, Ontario
MLS® 40815016
$999,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 40815016
- Bedrooms
- 7
- Bathrooms
- 3
- Year built
- 1893
1 / 39Listing description
Looking for a mortgage helper, turnkey income property, long-term investment, development opportunity or triple garage right in the heart of Kitchener? Then 31 Bingeman is worth exploring! This well-maintained triplex offers three large, bright and spacious units with attractive layouts that appeal to both owners and tenants alike.
Live in one unit – offset the mortgage with the other 2! Each unit is separately metered for hydro, plus huge detached garage with hydro too– great for workshop, extra vehicles, additional rental income, hobby space, potential storage, etc – so many possibilities! In addition to a great house-hack opportunity, savvy investors will love this for a stable multi-residential property in a growing market.
Situated on a large 8,999 sq ft lot, the property offers 9 PARKING SPACES, and long-term upside as the city continues to grow. For those seeking larger development potential and income - let your imagination fly! The generous lot size also presents potential future opportunities such accessory dwelling unit/sever and multiplex/ further residential development etc.
Located close to transit, shopping, restaurants, key amenities. Just minutes walk from Centre in the Square and Kitchener public Library, LRT City Hall Station and Brubacher Green Park for the kids. This versatile property offers good current income with exciting future potential.
Each unit is full of character - must see to appreciate!
Property summary
- MLS® number
- 40815016
- Property type
- Multi-family
- Building type
- Triplex
- Square footage
- 3,183 sq ft
- Title
- Freehold
- Built in
- 1893
- Annual property taxes
- $6,281.32
- Parking
- 9 spaces · Detached Garage
- Days on market
- 138 days
Features & details
- Heating
- Forced air
- Cooling
- Central air conditioning, Ductless
- Basement
- Partially finished, Partial
- Exterior features
- Brick, Aluminum siding, Shingles
- Community features
- School Bus
What would this home cost you?
Based on the $999,000 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 RED AND WHITE REALTY INC., Conestogo.
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.