88 Woodhaven Road, Kitchener, Ontario N2C 1V1

Listed for:
$1,049,000
6 beds
3 baths
Listed 5 days ago
Other for rent: 88 Woodhaven Road, Kitchener, Ontario N2C 1V1

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About

Cross Streets: Wilson Ave. ** Directions: Wilson Ave to Woodhaven Rd. A rare opportunity to own a property featuring three legal living units in a friendly, established neighbourhood. Whether you're looking for the perfect multi-generational setup, a mortgage helper, or a turnkey investment, this versatile property offers exceptional flexibility. The main level features a bright, open-concept living and dining area filled with natural light, three generously sized bedrooms, and a full bathroom, creating a comfortable space to call home. The finished lower level is a fully self-contained two-bedroom suite complete with its own kitchen, offering privacy and independence for extended family or rental income. Adding even more value is the detached legal one-bedroom accessory dwelling unit, complete with its own kitchen, bathroom, and in-suite laundry, providing a completely separate living space for family, guests, or tenants. Situated on one of the larger lots in the neighbourhood, measuring approximately 52' x 109', the fully fenced backyard offers generous outdoor space for everyone to enjoy. Ideally located on a quiet street close to schools, parks, shopping, public transit, the ION LRT, and major highways, convenience is right at your doorstep. Recent updates include new flooring throughout, custom built-in cabinetry, a 200-amp electrical service, and an on-demand water heater (2021). Live in the spacious main unit while the two additional legal units help offset a significant portion of your monthly living expenses, create the ideal multi-generational lifestyle where everyone enjoys their own private space, or maximize the property's investment potential with projected rental income of approximately $6,000 per month ($72,000 annually). Vendor Take-Back financing is available with a minimum 30% down payment, offering additional flexibility for qualified buyers. A rare opportunity offering a projected 6% cap rate in today's market. (id:27476)

Property Highlights

MLS® Number
X13494568
Type
Multi-family
Land Size
52.2 x 109.5 FT
Parking Space Total
4

Building

Building Type
Other
Storeys
1.00
Square Footage
700 - 1100 sqft
Bathrooms Total
3
Bedrooms Above Ground
4
Bedrooms Total
6
Amenities
Park, Place of Worship, Schools
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A (Finished), Full, N/A
Basement Features
Separate entrance
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
MLS® number:
X13494568
Agent:
Nicole Ashley Prokopowicz
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