This property is the perfect mortgage helper! Unlock the potential of this vacant, cash-flowing LEGAL DUPLEX, ideally located in vibrant downtown Kitchener! Generating a gross income of $50,000/year and a net income of $40,000/year, this is an incredible opportunity for investors or homeowners looking to offset their mortgage with rental income. This well-maintained property features two beautifully updated 2-bedroom units, each with separate laundry facilities and modern finishes. Unit 1: Main Floor + Basement Unit: 2 beds, 1.5 baths – Market rent approx. $2,250/month. Unit : Upper Unit: 2 beds, 1 bath – Market rent approx. $1,950/month. With three dedicated parking spaces, a fully fenced backyard with a patio, and a location that puts you steps from parks, transit (ION Light Rail & bus routes), the Tannery District, Google, restaurants, and more, this property is the definition of convenience. Whether you're looking to move in and set your own rents or add a solid investment to your portfolio, this duplex is turnkey and ready to go. Opportunities like this don’t last long! (id:4069)
Address
52 HENRY Street
List Price
$724,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
2 Level
Area
Ontario
Sub-Area
Kitchener
Bedrooms
4
Bathrooms
3
Floor Area
2,085 Sq. Ft.
Year Built
1913
MLS® Number
40693622
Listing Brokerage
Royal LePage Wolle Realty
Basement Area
Full (Finished)
Postal Code
N2G1P3
Zoning
RES-4
Site Influences
Hospital, Park, Place of Worship, Public Transit, Schools
Features
Paved driveway
