35 Shaftsbury Drive Kitchener, Ontario N2A 1N4
$1,199,900
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. (id:42029)
Property Details
| MLS® Number | X12073669 |
| Property Type | Multi-family |
| ParkingSpaceTotal | 7 |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 6 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 7 |
| Age | 51 To 99 Years |
| Amenities | Separate Electricity Meters |
| Appliances | Dryer, Water Heater, Stove, Washer, Refrigerator |
| BasementDevelopment | Finished |
| BasementType | N/a (finished) |
| CoolingType | Wall Unit |
| ExteriorFinish | Brick |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 2 |
| SizeInterior | 2000 - 2500 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 111 Ft |
| SizeFrontage | 65 Ft |
| SizeIrregular | 65 X 111 Ft |
| SizeTotalText | 65 X 111 Ft |
| ZoningDescription | Res-4 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 2.88 m | 4.24 m | 2.88 m x 4.24 m |
| Second Level | Primary Bedroom | 4.57 m | 2.89 m | 4.57 m x 2.89 m |
| Second Level | Bedroom 2 | 3.52 m | 2.63 m | 3.52 m x 2.63 m |
| Second Level | Bathroom | 2.84 m | 1.98 m | 2.84 m x 1.98 m |
| Second Level | Kitchen | 2.86 m | 2.36 m | 2.86 m x 2.36 m |
| Second Level | Living Room | 3.48 m | 4.69 m | 3.48 m x 4.69 m |
| Second Level | Dining Room | 3.96 m | 3.74 m | 3.96 m x 3.74 m |
| Basement | Bedroom | 3.37 m | 5.56 m | 3.37 m x 5.56 m |
| Basement | Kitchen | 3.92 m | 2.1 m | 3.92 m x 2.1 m |
| Basement | Bathroom | 3 m | 3 m | 3 m x 3 m |
| Basement | Utility Room | 4.08 m | 2.35 m | 4.08 m x 2.35 m |
| Main Level | Bathroom | 2.86 m | 1.97 m | 2.86 m x 1.97 m |
| Main Level | Kitchen | 2.86 m | 2.38 m | 2.86 m x 2.38 m |
| Main Level | Dining Room | 2.97 m | 3.72 m | 2.97 m x 3.72 m |
| Main Level | Living Room | 3.34 m | 4.65 m | 3.34 m x 4.65 m |
| Main Level | Bedroom | 2.86 m | 4.2 m | 2.86 m x 4.2 m |
| Main Level | Primary Bedroom | 4.48 m | 2.86 m | 4.48 m x 2.86 m |
| Main Level | Bedroom 2 | 3.4 m | 2.71 m | 3.4 m x 2.71 m |
https://www.realtor.ca/real-estate/28147106/35-shaftsbury-drive-kitchener
Interested?
Contact us for more information
Dan Fotopoulos
Salesperson
114 Ontario St.
Collingwood, Ontario L9Y 1M3
Bettina Boucher
Salesperson
114 Ontario St.
Collingwood, Ontario L9Y 1M3
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April 10 2025 01:56:36
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Forest Hill Real Estate Inc.