ON
Kitchener
N2G2T2
97 ST GEORGE Street
97 ST GEORGE Street, Kitchener, ON N2G2T2
Share Listing
Listing Type
Multi Family
Listing Status
Active
44
$961,066

Home Details for 97 ST GEORGE Street

Price
$961,066
Type
Residential Income
Bedrooms
4
Total Bathrooms
4
Year built
1900
Listing #
40803568
Property Description

Attractive 6% CAP rate and strong rents ($57,664.00 Net operating income!) on this turn-key, legal triplex, perfect for an investor to add to their portfolio or first time buyer planning to take over the main unit and benefit from market rents on two more units. Highly resilient rental income driven by three modern above ground units with full amenities (laundry, etc in unit) and unique outdoor spaces facing scenic Cedar Hills Park (2 of 3). Tenant in largest main floor unit willing to stay on as month-to-month or provide vacant possession at closing on buyers request. Current owners have significantly upgraded property over eight year ownership, including backyard fence, backyard large lower deck, new roof, 6+ new major appliances (dishwashers/laundry/fridge). Located in the heart of Cedar Hill, just a few minutes walk to the LRT, downtown Kitchener and the market, and offering 6 parking spaces, this investment is easy to own - Landlord provides shovels and salt, tenants clear own snow as stipulated in leases, creating significant savings in maintenance costs. Rear lower unit: $2,450, Rear upper unit: $1,640, Front upper unit: $1,520 (excludes sep. metered hydro, includes heat and water). Detailed financial reports available! (id:31684)

Property Features
  • Cooling Information
    • Wall Unit(s)
  • Heating Information
    • Natural Gas
Listing Courtesy: ROYAL LEPAGE CROWN REALTY SERVICES INC.
Canadian Real Estate Association logoThe trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by and identify the quality of services provided by REALTORS®. Used under license. This information contained on this site is based in whole or in part on listing content from The Canadian Real Estate Association, which assumes no responsibility for its accuracy. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Canadian Real Estate Association.
EXIT INTEGRITY REALTY, BROKERAGE
240 Holiday Inn Drive #F, Cambridge, ON N3C 3X4
Kate Hoekstra
License #: 5012081
Franchisee
Office
647 618 3158
Agent
647 618 3158
Request more details
Code: