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Renanza Realty
For sale

35 SILVER ASPEN CRESCENT

Kitchener, Ontario

MLS® X13718774

$875,000

Status
Active
Property type
House
MLS® number
X13718774
Bedrooms
7
Bathrooms
5
Year built

Listing description

Incredible turnkey investment opportunity. A Fully Renovated Legal Duplex located in a desirable Forest Heights, Kitchener neighborhood. 4 spacious bedrooms with 2 washrooms on the Main Floor.

3 bedrooms Legal Basement apartment with separate entrance and 3 ensuite washrooms. Total living floor area of 1,892 square feet including the basement. Thousands spent on the renovations approx.

$200K plus. Both units are beautifully designed with high-end finishes, including luxury vinyl flooring, appliances and separate in-suite laundries for both units on the main floor and the basement. Seeing is believing.

New floors, New washrooms, New furnace, New AC, New water heater and many many more. Extended new driveway approved by the city which can accommodate 3 vehicles. The old aluminum wiring is replaced with new copper wiring in the whole house.

The gas line was replaced from road to the property spent approx. $5K. New front raised concrete porch spent approx.

$7K. All brick bungalow in desirable Forest Heights, Kitchener neighborhood close to all amenities, shopping, and schools. 3 season sunroom, garden shed, fenced backyard, and large single garage.

Silver Aspen is a prime rental location that will always attract great tenants as it is close to all universities in waterloo. With a gross potential income of approx. $65,000/annum and minimal expenses, this property is a true wealth-builder.

Main floor can be rented for $2800 and basement can also be rented for $2600. Live in one unit while renting out the basement as a mortgage helper, or maximize your portfolio with a fully leased option. Please check the attached layout plans approved by the city.

All measurements are mentioned in the city approved plans attached. It is the buyer or agent responsibility to verify all measurements. If you need a copy of the city approved plans please ask for the copy to verify all the measurements and legal status of the property.

Property summary

MLS® number
X13718774
Property type
Single Family
Building type
House
Title
Freehold
Land size
45 x 90 FT
Annual property taxes
$4,504.00
Parking
4 spaces · Attached Garage, Garage
Days on market
10 days

Features & details

Heating
Forced air, Natural gas
Cooling
Central air conditioning
Basement
Apartment in basement, Separate entrance, N/A, N/A
Flooring
Vinyl
Exterior features
Brick
Architectural style
Bungalow

What would this home cost you?

Based on the $875,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$4,071 /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 KINGSWAY REAL ESTATE, MISSISSAUGA.

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.