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Renanza Realty
For sale

114 CHURCH Street

Kitchener, Ontario

MLS® 40860922

$1,099,000

Status
Active
Property type
Multi-family
MLS® number
40860922
Bedrooms
6
Bathrooms
5
Year built

Listing description

An exceptional investment opportunity in the heart of Kitchener! This beautiful legal century triplex combines timeless character with extensive modern upgrades, offering investors a truly turnkey addition to their portfolio. Ideally located just a short walk from Downtown Kitchener and the Kitchener Market LRT stop, the property provides tenants with convenient access to transit, restaurants, shopping, entertainment and everything the downtown core has to offer.

Currently generating an impressive 4. 6% cap rate, all three units are occupied by great young professional tenants paying market rents plus utilities, providing strong and reliable income from day one. The property has undergone substantial upgrades, including updated plumbing and electrical, forced-air furnaces, water heaters, roof, windows, aluminum fascia, soffits and eaves.

The interiors have also been thoughtfully updated with new kitchens, bathrooms, flooring, stainless steel appliances and much more, creating attractive, comfortable living spaces that appeal to today’s tenants. With its combination of legal triplex status, market rents, extensive capital improvements and a highly walkable location, this is a rare opportunity to acquire a well-maintained, income-producing property with the character of a century home and the major updates already taken care of. A fantastic investment in one of Kitchener’s most convenient and connected locations!

Property summary

MLS® number
40860922
Property type
Multi-family
Building type
Triplex
Square footage
2,651 sq ft
Title
Freehold
Annual property taxes
$7,100.00
Parking
4 spaces · Open
Days on market
11 days

Features & details

Heating
Forced air, Electric, Natural gas
Cooling
None
Basement
Unfinished, Full
Exterior features
Brick, Vinyl siding
Lot features
Crushed stone driveway

What would this home cost you?

Based on the $1,099,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$5,113 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of RE/MAX Twin City 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.