127 Mill St
Kitchener, N2M 3P7
FOR SALE
$750,000
➧
➧
Browsing Limit Reached
Please Register for Unlimited Access
4
BEDROOMS2
BATHROOMS2
KITCHENS10 + 1
ROOMSX9309391
MLSIDContact Us
Property Description
This legal duplex with R-2 zoning is the property you've been waiting for! A stunning, solid brick home, its ideally situated within walking distance of St. Mary's Hospital, bus and LRT stations, and all the vibrant amenities of Downtown Kitchener. Both units have been beautifully renovated. The property features a spacious 3-bedroom apartment on the second level, which includes three bright bedrooms (one currently used as a living room), a dining room, kitchen, and a 4-piece bathroom. The main level hosts a cozy 1-bedroom apartment with a 3-piece bathroom and an open-concept kitchen, dining, and living area. The large backyard is perfect for family gatherings, and there's ample parking with space for up to 4 cars in the garage and driveway. Above the garage, you will find an additional space that could serve as a workshop or be converted into a charming office with its own deck. With potential to add a third unit in the basement, this property offers endless possibilities. Whether you're looking to live in one unit and rent out the other or seeking a lucrative investment property, this is a fantastic addition to any real estate portfolio!
Call
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-17 | 2024-07-31 | 44 | $750,000 | - | Suspended |
| 2024-05-03 | 2024-06-17 | 45 | $800,000 | - | Suspended |
Property Features
Place Of Worship, Public Transit, School, School Bus Route
Call
Property Details
Street
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
40' x 100'
Acreage
< .50
Fronting
North
Taxes
$3,321 (2023)
Basement
Part Fin, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Front Yard
Garage Type
Detached
Call
Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | 2nd | 109.48' x 9.15' | |
| Kitchen | 2nd | 14.30' x 6.56' | |
| Bathroom | 2nd | 6.43' x 7.22' | 4 Pc Bath |
| Prim Bdrm | 2nd | 11.06' x 11.22' | |
| 2nd Br | 2nd | 6.56' x 14.01' | |
| 3rd Br | Main | 10.99' x 8.86' | |
| Kitchen | Main | 14.30' x 8.69' | |
| Bathroom | Main | 5.48' x 6.27' | 3 Pc Bath |
| Den | Bsmt | 18.31' x 10.50' |
Call
Kitchener Market Statistics
Kitchener Price Trend
127 Mill St is a 4-bedroom 2-bathroom home listed for sale at $750,000, which is $261,933 (25.9%) lower than the average sold price of $1,011,933 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 4 bedroom home in Kitchener increased by $39,002 (4.0%) compared to the previous 30 day period (September 27 - October 26) and up $84,829 (9.1%) from the same time one year ago.Inventory Change
There were 45 4-bedroom homes listed in Kitchener over the last 30 days (October 27 - November 25), which is down 13.5% compared with the previous 30 day period (September 27 - October 26) and up 9.8% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Kitchener typically sold ($8,287) (0.8%) below asking price over the last 30 days (October 27 - November 25), which represents a $11,930 increase compared to the previous 30 day period (September 27 - October 26) and ($2,210) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Kitchener over the last 30 days (October 27 - November 25) stood at 71.1%, up from 55.8% over the previous 30 days (September 27 - October 26) and up from 46.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Kitchener stood at 13 days when successfully sold over the last 30 days (October 27 - November 25), compared to 35 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Home Group Realty
Similar Listings
This property is perfect for Investors/buyers who appreciate distinguished homes and seek supplementary rental income or investment opportunities. Classic charm meets modern potential in this turn-key cash flow property, located in a prime downtown neighborhood. With a legal duplex and a basement in-law suite featuring a separate exit, this property offers versatile living arrangements. Plus, enjoy the convenience of three dedicated parking spaces in the back. This property boasts an impressive rental income of $4,550.00 per month, with a breakdown of $2,100.00 for the 3-bedroom unit, $1,900.00 for the 2-bedroom unit, and $550 for the in-law suite in basement. Tenants cover hydro costs, and the high-efficiency hot water boiler helps keep heating expenses low. All rental units are currently on a month-to-month basis, offering flexibility for new ownership. Financials are available upon request, and you'll find clean, low-maintenance units. Don't miss out on this unique opportunity!
Call
Welcome to 11 Mansion St, beautifully renovated triplex in the heart of downtown Kitchener! This property is a fantastic opportunity for savvy investors or parents of college students. It's the perfect setup for a student to live in one unit while renting out the others to cover a significant portion of the mortgage. The main floor unit boasts an open-concept design featuring modern kitchen with sleek white cabinetry, stylish herringbone backsplash & stainless steel appliances. The centre piece is a stunning quartz waterfall island illuminated by a gorgeous chandelier creating the ideal space for dining & entertaining. The kitchen seamlessly flows into the bright living area where you'll find laminate flooring & ample natural light. This unit also includes a cozy bedroom & contemporary 3pc bathroom with glass walk-in shower. The 2nd-floor unit offers a 1-bedroom retreat complete with stunning kitchen featuring stainless steel appliances, quartz countertops & vaulted ceilings with exposed wood beams. Skylights flood the living room with natural light creating a bright & inviting atmosphere. There's also a dedicated workspace nook perfect for those working from home! Sliding doors lead to the bedroom with custom built-in shelving & the unit is completed with sleek 4pc bathroom with skylight & heated floors. The 3rd unit is a cleverly designed 200 sqft studio featuring a queen-size bunk bed, a walk-in shower & built-in ceramic cooktop with a mini fridge, maximizing functionality in a compact space. Additional highlights of the property include on-site laundry & 2 driveway parking spaces. Located just steps away from two parks & the Centre In The Square theatre and within walking distance to the beautiful Victoria Park-home to a lake, walking trails, splash pad & popular events like Rib Fest. It's also a short 10-minute walk to Conestoga College & St. Louis campuses, with easy access to King Streets vibrant shops, dining & amenities!
Call
Call