Key Facts
- MLS® #: X12475532
- Property ID: SIRC2902896
- Property Type: Residential, Duplex
- Lot Size: 7,215 sq.ft.
- Year Built: 51
- Bedrooms: 6+1
- Bathrooms: 3
- Additional Rooms: Den
- Parking Spaces: 7
- Listed By:
- Forest Hill Real Estate Inc.
Property Description
6% CAP RATE! PURPOSE-BUILT THREE-UNIT PROPERTY IN LACKNER WOODS! This cash-flowing gem brings in approximately $7,000 per month in rental income, offering a 6% cap rate and around $1,000 per month in positive cash flow. Featuring two spacious 3-bedroom units (1,150 sq ft each) and a bright, updated 1-bedroom lower-level unit, this property is ideal for investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit has been thoughtfully updated with granite countertops, open-concept layouts, vinyl flooring, and access to outdoor spaces including private balconies, a private patio, and a shared backyard. The basement unit offers a new kitchen and plenty of natural light. Tenants pay all utilities, and each unit has separate hydro meters and its own private driveway. Additional highlights include a full 2-car garage, parking for 4 more vehicles in the main driveway, and a new 2024 driveway for 2 extra cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). Located steps from shopping, parks, schools, and amenities, this turn-key investment blends income potential, location, and modern comfort.
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Rooms
- TypeLevelDimensionsFlooring
- Bedroom2nd floor13' 10.9" x 9' 5.3"Other
- Other2nd floor9' 5.7" x 14' 11.9"Other
- Bedroom2nd floor8' 7.5" x 11' 6.5"Other
- Bathroom2nd floor6' 5.9" x 9' 3.8"Other
- Kitchen2nd floor7' 8.9" x 9' 4.5"Other
- Living room2nd floor15' 4.6" x 11' 5"Other
- Dining room2nd floor12' 3.2" x 12' 11.9"Other
- BedroomMain13' 9.3" x 9' 4.5"Other
- OtherMain9' 4.5" x 14' 8.3"Other
- BedroomMain8' 10.6" x 11' 1.8"Other
- BathroomMain6' 5.5" x 9' 4.5"Other
- KitchenMain7' 9.7" x 9' 4.5"Other
- Dining roomMain12' 2.4" x 9' 8.9"Other
- Living roomMain15' 3" x 10' 11.4"Other
- BedroomBasement18' 2.8" x 11' 6.7"Other
- KitchenBasement6' 10.6" x 12' 10.3"Other
- BathroomBasement9' 10.1" x 9' 10.1"Other
- UtilityBasement7' 8.5" x 13' 4.6"Other
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Location
35 Shaftsbury Dr, Kitchener, Ontario, N2A 1N4 Canada
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- Principal and Interest 0
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