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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
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
Building Age 51-99
Foundation Concrete
Others
ParcelsYN No
Virtual Tour https://unbranded.youriguide.com/lg8gc_35_shaftsbury_dr_kitchener_on/
Listed by Forest Hill Real Estate Inc.
