114 CHURCH Street

An exceptional investment opportunity in the heart of Kitchener! This beautiful legal century triplex combines timeless character with extensive modern upgrades, offering investors a truly turnkey addition to their portfolio. Ideally located just a short walk from Downtown Kitchener and the Kitchener Market LRT stop, the property provides tenants with convenient access to transit, restaurants, shopping, entertainment and everything the downtown core has to offer. Currently generating an impressive 4.6% cap rate, all three units are occupied by great young professional tenants paying market rents plus utilities, providing strong and reliable income from day one. The property has undergone substantial upgrades, including updated plumbing and electrical, forced-air furnaces, water heaters, roof, windows, aluminum fascia, soffits and eaves. The interiors have also been thoughtfully updated with new kitchens, bathrooms, flooring, stainless steel appliances and much more, creating attractive, comfortable living spaces that appeal to today’s tenants. With its combination of legal triplex status, market rents, extensive capital improvements and a highly walkable location, this is a rare opportunity to acquire a well-maintained, income-producing property with the character of a century home and the major updates already taken care of. A fantastic investment in one of Kitchener’s most convenient and connected locations! (id:67197)

Price

$1,099,000

Property Type

Multi-family

Transaction Type

For sale

Bedrooms

6

Bathrooms

5

Parking

4

MLS® Number

40860922

Interior Size

2651 sqft

Ownership Type

Freehold

Building Type

Triplex

Bathrooms

5

Basement

Full (Unfinished)

Basement Development

Unfinished

Cooling

None

Exterior Finish

Brick, Vinyl siding

Fireplace

No

Foundation

Stone

Heating Fuel

Electric, Natural gas

Heating

Forced air

Interior Size

2651 sqft

Stories

3

Water

Municipal water

Size Frontage

69 ft

Size Depth

65 ft

Acreage

No

Sewer

Municipal sewage system

Amenities Nearby

Hospital, Public Transit, Shopping

• Crushed stone driveway
• Hospital
• Public Transit
• Shopping

Ownership Type

Freehold