Homes for sale - 35 Shaftsbury DR, Kitchener, ON N2A 1N4

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Sarah McCallion

sarah.mccallion@theagencyre.com +1(416) 508-6154

$ 1,199,900

Est. payment | -/mo

6 Beds

3 Baths

Save Virtual Tour

$ 1,199,900

Est. payment | -/mo

Save Virtual Tour

6 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

MLS Listing ID X12073669

Style 2-Storey

Bedrooms 6

Building Age 51-99

Annual Tax Amount $4,786

Tax Year 2024

Property Sub-Type Duplex

Property Description

6% CAP RATE! PURPOSE-BUILT THREE-UNIT property located in the sought-after Lackner Woods neighbourhood of Kitchener. This cash-flowing gem brings in $7,000 per month in rental income, offering a 6% cap rate and approximately $1,000/month in positive cash flow! Featuring two massive 3-bedroom units at 1,150 sq ft each, and a bright, updated 1-bedroom lower-level unit, this property is ideal for both investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit is thoughtfully updated and includes new 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 has a new kitchen and plenty of natural light. Tenants pay all utilities including hydro, and each unit has separate hydro meters along with its own driveway for private parking. The property also boasts a full 2-car garage, parking for 4 more vehicles in the main driveway, plus a brand-new driveway (2024) for an additional 2 cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). This turn-key investment property is walking distance to shopping, parks, schools, and amenities making it the perfect blend of location, income, and lifestyle.

Location

State ON

County Waterloo

Area Waterloo

Rooms

Family Room Yes

Basement Finished

Kitchen 3

Separate Den/Office 1

Interior

Interior Features Separate Hydro Meter

Cooling Wall Unit(s)

Fireplace No

Heat Source Gas

Exterior

Parking Features Private Double

Garage Spaces 2.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 65.0

Lot Depth 111.0

Total Parking Spaces 7

Building

Foundation Concrete

Others

Virtual Tour https://unbranded.youriguide.com/lg8gc_35_shaftsbury_dr_kitchener_on/

Listed by Forest Hill Real Estate Inc.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 508-6154

sarah.mccallion@theagencyre.com

378 Fairlawn Ave, Toronto, ON, M5M 1T8, CAN

35 Shaftsbury DR Kitchener, ON N2A 1N4