115 Roxborough Avenue
Kitchener, N2M 1P6
FOR SALE
$875,000
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4 + 2
BEDROOMS 3
BATHROOMS 2 + 1
KITCHENS 4 + 2
ROOMS X13866330
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Property Description
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. Speak with Benjamins Realty Inc. for a list of property upgrades or to receive a ProForma outlining income and expense projections.
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Property Features
Park, Public Transit, Place Of Worship, Hospital, Water Softener, Other
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Property Details
Address
115 Roxborough Avenue
City
Postal Code
N2M 1P6
Property Type
Triplex, Triplex
Zoning
RES-4
Lot Size
56' x 109'
Acreage
0.1 Feet
Taxes
$5,638 (2026
Basement
Full, Finished
Exterior
Awnings, Patio
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
6
Garage Type
None
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Listing contracted with Benjamins Realty Inc.
A rare opportunity in a highly convenient central location! Built in 1919, this charming century home combines timeless character with an impressive income-producing setup. With easy access to the 401, LRT, schools, shopping and the hospital, this property offers both convenience and versatility.Currently operating successfully as an Airbnb, the home features three separate, fully equipped units - two 1-bedroom suites and a spacious 2-bedroom unit. Each unit comes complete with appliances and furnishings, making this a truly turnkey investment opportunity.Outside, the beautifully landscaped and tiered backyard offers a peaceful retreat and backs directly onto scenic Cherry Park. Additional features include a unique two-storey garage and a separate cozy bunkie, providing excellent storage and added flexibility.Whether you're looking for a proven income property, a multi-generational home, or a residence with the potential for multiple living spaces, this one-of-a-kind property offers plenty of possibilities in a location that is hard to beat.
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Purpose built triplex in an excellent neighbourhood that appeals to both tenants and owner occupants, backing directly onto Admiral Park and close to many walking trails including the Iron Horse. Each well designed, large unit offers generous principal rooms, private outdoor space and plenty of parking. The main floor 2-bedroom unit is occupied by an excellent tenant and features a large rear deck. The vacant upper 2-bedroom unit is ready for market rent or an owner occupant and includes its own spacious upper deck. The lower 1-bedroom unit offers good natural light, two separate entrances, a private patio and plenty of storage. Each unit has a dedicated hydro meter, along with additional basement storage and access to coin operated laundry. A detached double garage, currently used exclusively by the seller, provides an additional income opportunity or valuable owner storage. Parking is available for 5+ vehicles. Conveniently located just a 2-minute walk from transit on Highland Road, with groceries, the LCBO & shopping at The Highland Centre nearby. St. Mary's General Hospital is a 9 minute walk. Recent capital improvements incl: roof/2012, windows/2023, forced air furnace/2023 & new flooring in the upper unit/2026.
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