62 Moore Avenue Kitchener, Ontario

Legal triplex in central Kitchener with stable current income. Offering approx. 2,400 sq. ft. across three self-contained units, this property has been upgraded with 100-amp service in each unit, vinyl windows, roof and eaves, updated stairwells, resurfaced driveway and cement walkways, fire-rated doors, and refreshed kitchens, bathrooms with acrylic bath fitters and flooring. Coin-operated laundry adds extra revenue. Owner pays heat and water, while tenants cover their own hydro usage through separate panels. Conversion to separate utility metering is easy, creating further long-term value. The property includes a paved parking lot for three cars plus available fourth spot near the front entrance. Ideally located within a Major Transit Station Area and walking distance to downtown Kitchener, the LRT, Google, and other major employers, this triplex combines stable income today with redevelopment potential in one of the region’s fastest-growing corridors. (id:4555)