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$ 1,099,000
Est. payment /mo
New
35 Shaftsbury DR Kitchener, ON N2A 1N4
7 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
MLS Listing ID X12475532
Style 2-Storey
Bedrooms 7
Annual Tax Amount $4,786
Tax Year 2024
Property Sub-Type Duplex
Property Description
6% CAP RATE! PURPOSE-BUILT THREE-UNIT PROPERTY IN LACKNER WOODS! This cash-flowing gem brings in approximately $7,000 per month in rental income, offering a 6% cap rate and around $1,000 per month in positive cash flow. Featuring two spacious 3-bedroom units (1,150 sq ft each) and a bright, updated 1-bedroom lower-level unit, this property is ideal for investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit has been thoughtfully updated with granite countertops, open-concept layouts, vinyl flooring, and access to outdoor spaces including private balconies, a private patio, and a shared backyard. The basement unit offers a new kitchen and plenty of natural light. Tenants pay all utilities, and each unit has separate hydro meters and its own private driveway. Additional highlights include a full 2-car garage, parking for 4 more vehicles in the main driveway, and a new 2024 driveway for 2 extra cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). Located steps from shopping, parks, schools, and amenities, this turn-key investment blends income potential, location, and modern comfort.
Location
Province ON
County Waterloo
Area Waterloo
Zoning RES-4
Rooms
Basement Finished
Kitchen 3
Interior
Interior Features Separate Hydro Meter
Cooling Wall Unit(s)
Inclusions 3 Fridge, 3 Stove, Washer, Dryer, Hot Water Tank Owned
Exterior
Parking Features Attached
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 7
Building
Building Age 51-99
Foundation Concrete
Others
Virtual Tour https://unbranded.youriguide.com/lg8gc_35_shaftsbury_dr_kitchener_on/
Lited by Forest Hill Real Estate Inc.
