Attention Investors! Welcome to an exceptional opportunity that perfectly blends turnkey convenience with value-added potential in Kitchener West. Discover this Legal Triplex, a rare gem which packages two complete homes into one with the potential to expand into 4 Units. The front home presents a 1.5-storey residence with a full basement, offering the potential for conversion into a 4th Basement Unit. The rear 2019 Construction home is a lucrative cash generator, featuring a well-designed and spacious Up/Down Duplex enhanced with modern finishes, and exempt from rent control regulations. Take advantage of Kitchener's robust rental market with market-rate rental increases every year. Totaling 7 beds/5 baths across three separate dwelling units, each with its own entrance, in-suite laundry, central air, over 3500 square feet of total living space, and parking for 6 vehicles, this property is packed with value and can generate up to $6,800/mth on closing. Unit A features 2-bed, 1-bath 900sf home and partially finished basement, rented for $2,050. Unit B boasts a 2019-built sunlit 3-bed, 2.5-bath 2-storey home that opens up to a back deck and backyard, rented for $2,275. Unit C includes a bright open-concept 2-bed, 1-bath basement unit with 7'9 ceilings, large windows, and private entrance, rented for $1,575. Ideally situated just off Hwy 401 and Homer Watson near public transit, the ION Train, shopping, restaurants, and essential amenities at the Alpine Centre, and CF Fairview Mall, and just minutes from Downtown Kitchener and Uptown Waterloo. Don't miss this opportunity to generate substantial income from this expansive triplex and maximize its value by adding a 4th Unit and building your equity! (id:38039)
| MLS® Number | 40485879 |
| Property Type | Multi-family |
| Amenities Near By | Park, Place Of Worship, Schools, Shopping |
| Features | Paved Driveway |
| Parking Space Total | 6 |
| Bathroom Total | 5 |
| Bedrooms Total | 7 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2844 |
| Type | Triplex |
| Utility Water | Municipal Water |
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 120 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2b |
https://www.realtor.ca/real-estate/26127135/828-stirling-avenue-s-kitchener
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