Attention investors: Purchase a Renovated house with a FULLY approved severance and site plan with the City of Kitchener. A few conditions to be met for severance. Seller has pending lease agreements that will be signed for $4500 per month! Realize a 30% ROI with a positive cashflow while inheriting a lot beside which adds 230k of property value for future build, development and more cashflow. Endless opportunities. The approval for severance is to build a Semi detach on the property a a completely seperate lot. This stunning house in Kitchener has been fully renovated from the studs up, offering far more than your average cosmetic job. With high-end finishes and brand-new windows and electrical systems, all you need to do is move right in and start enjoying your new home. But the potential doesn't stop there - the city has approved plans for another lot, and all that's needed are a few more conditions before it can be fully severed from the surrounding area. This investment opportunity offers not only a contemporary living space but also the chance to increase your equity by taking advantage of the additional value offered by the approved plans. And with easy access to amenities and nearby highways, this property is perfect for families looking to enjoy the best of both worlds - a modern and comfortable home, with the potential for future growth. Great in-law potential (rough in for kitchen) downstairs with 1 bedroom downstairs, 3+1. Don't miss out on this amazing opportunity - come see 243 Connaught St today! Seller willing to holdback mortgage 200k. (id:46857)
| MLS® Number | 40377795 |
| Property Type | Single Family |
| Amenities Near By | Park, Public Transit, Schools, Shopping |
| Community Features | Quiet Area, School Bus |
| Equipment Type | Water Heater |
| Features | Park/reserve |
| Rental Equipment Type | Water Heater |
| Bathroom Total | 3 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 4 |
| Appliances | Dishwasher, Refrigerator, Stove, Washer, Microwave Built-in |
| Architectural Style | 2 Level |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Half Bath Total | 1 |
| Stories Total | 2 |
| Size Interior | 1350 |
| Type | House |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Park, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 78 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R4 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 16'2'' x 11'1'' | ||
| Second Level | Bedroom | 14'4'' x 11'7'' | ||
| Second Level | 4pc Bathroom | 6'10'' x 8'2'' | ||
| Basement | Recreation Room | 11'9'' x 15'5'' | ||
| Basement | Laundry Room | 11'4'' x 13'9'' | ||
| Basement | Bedroom | 9'7'' x 11'10'' | ||
| Basement | 3pc Bathroom | 6'9'' x 6'5'' | ||
| Main Level | Kitchen | 12'4'' x 12'11'' | ||
| Main Level | Living Room | 13'5'' x 11'3'' | ||
| Main Level | Dining Room | 13'2'' x 11'0'' | ||
| Main Level | Den | 7'5'' x 6'7'' | ||
| Main Level | Bedroom | 11'6'' x 9'8'' | ||
| Main Level | 2pc Bathroom | 6'9'' x 3'10'' |
https://www.realtor.ca/real-estate/25287394/243-connaught-street-kitchener
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