20 Cherry Street, Kitchener, Ontario N2G 2C5

Listed for:
$499,000
6 beds
2 baths
Listed 5 days ago
Duplex for rent: 20 Cherry Street, Kitchener, Ontario N2G 2C5

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About

Cross Streets: Park St. ** Directions: south. Opportunity Knocks! Value-Add Duplex with Major Mechanical Updates Completed. This 6 bedroom duplex is the perfect investment opportunity. Located just minutes from downtown Kitchener, Back to cherry park. Solid duplex offering tremendous upside for investors, renovators, or end users looking to build equity. While the property requires cosmetic updating, the big-ticket items have already been addressed - including roof, gas furnace, and updated electrical panel (breaker system) completed within the past 8 years. With the costly infrastructure improvements already done, this property provides the perfect opportunity to focus on interior/exterior upgrades and significantly increase value. The main floor features a 3 bedroom unit with one bathroom . Upstairs, you will find three good-sized bedrooms and a big living space on third floor with a four-piece bathroom. Two self-contained units offer income potential and flexibility. The basement provides additional space with potential for future development or possible additional unit, subject to municipal approvals and buyer due diligence. Situated on a generous lot with a large backyard, adding further long-term potential. A smart investment opportunity for those looking to renovate and maximize returns. With its prime location near downtown Kitchener, there is plenty of shopping, easy access to public transit, and lots of open spaces like Cherry Park, Victoria Park, and the Iron Horse Trail. Whether you're looking for a smart investment or a versatile space to live and work, this property is a rare find in the heart of the city. Book your showing today! This property is being sold as is. (id:27476)

Property Highlights

MLS® Number
X12821034
Type
Multi-family
Land Size
40.1 x 164.9 FT
Parking Space Total
6

Building

Building Type
Duplex
Storeys
2.00
Square Footage
1500 - 2000 sqft
Bathrooms Total
2
Bedrooms Above Ground
6
Bedrooms Total
6
Exterior Finish
Aluminum siding, Brick
Fireplace Present
No
Basement Type
N/A (Unfinished)
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
HOMELIFE LANDMARK REALTY INC.
MLS® number:
X12821034
Agent:
Michael Tingxing Lin
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