115 ROXBOROUGH Avenue

About this home

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. (id:66966)

Details

Type

Triplex

Size

2876 sq ft

Basement

Finished, Full

Property tax

$5,638

Neighbourhood

Forest Hill

Municipality

Kitchener

Interior

Fireplace

No

Heating, cooling and services

Heating

Natural gas

Water and sewer

Municipal sewage system

Building and exterior

Year built

1956

Foundation

Poured Concrete

Outdoor

Brick

Parking

Total parking

6

Driveway and parking

Open

Location

Location is approximate. See nearby homes on the map