97 St George Street Kitchener, Ontario

Attractive 6% CAP rate and strong rents ($57,664.00 Net operating income!) on this turn-key, legal triplex, perfect for an investor to add to their portfolio or first time buyer planning to take over the main unit and benefit from market rents on two more units. Highly resilient rental income driven by three modern above ground units with full amenities (laundry, etc in unit) and unique outdoor spaces facing scenic Cedar Hills Park (2 of 3). Tenant in largest main floor unit willing to stay on as month-to-month or provide vacant possession at closing on buyers request. Current owners have significantly upgraded property over eight year ownership, including backyard fence, backyard large lower deck, new roof, 6+ new major appliances (dishwashers/laundry/fridge). Located in the heart of Cedar Hill, just a few minutes walk to the LRT, downtown Kitchener and the market, and offering 6 parking spaces, this investment is easy to own - Landlord provides shovels and salt, tenants clear own snow as stipulated in leases, creating significant savings in maintenance costs. Rear lower unit: $2,450, Rear upper unit: $1,640, Front upper unit: $1,520 (excludes sep. metered hydro, includes heat and water). Detailed financial reports available! (id:4555)