406 DUKE STREET WEST, KITCHENER - $650,000
115 ROXBOROUGH AVENUE, KITCHENER ON N2M 1P6
MLS #40867328
Are you looking for a solid, turnkey investment in Kitchener-Waterloo? An income-producing property with a projected CAP rate over 5.5%? Anchored by a core location with proximity to retail and hospitals?
Presenting 115 Roxborough Avenue, a classic red-brick Tri-plex comprised of three spacious two-bedroom units. Savvy investors will recognize that this property has all the amenities needed to attract top tenants and achieve market rents. The large units feature classic finishes like oak trimwork and spacious eat-in kitchens. There is plenty of on-site parking up to 6 spaces. A large lot offers the potential for densification, investors may consider adding an additional dwelling unit (ADU) for added income. Two units are vacant, ready for market rents and for the new landlord to establish tenancies of their choosing.
Conveniently located near retail and shopping amenities just a block away, including public transit. The expressway and downtown Kitchener are less than a 10-minute drive. This property has been impeccably maintained. CONTACT US for a list of property upgrades or to receive a ProForma outlining income and expense projections.
bedrooms
2+2+2
Bathrooms
1+1+1
Parking
6
Property Size
1,938 Sq Ft
lot size
55' x 109'
Property Features
✓ Legal Triplex
✓ Adjacent Downtown Location
✓ Near Retail Amenities
✓ Front Porch
✓ Walkout Balconies
✓ Hardwood Floors
✓ 6 Parking Spaces
✓ Character Neighbourhood
✓ Brick Building
Agent: Mark Benjamins
Office : (519) 575-9092
Mobile : (519) 580-8541
Email : mark@benjaminsrealty.com
About Benjamins Realty
Benjamins Realty is a family-run boutique brokerage with decades of experience serving the Kitchener-Waterloo area. This small, dynamic team works together to sell each property, ensuring that maximum care and expertise is provided to each and every client. Jake Benjamins founded Benjamins Realty in 2002 after working in the real estate market for decades. Since then, his two sons Mark and John have joined the boutique brokerage. Together, this team offers competitive rates, unparalleled customer service, and superior expertise. Give Benjamins Realty a call today and see for yourself.