129 River Road
Kitchener, N2B 2G7
FOR SALE
$899,000
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5
BEDROOMS 3
BATHROOMS 3
KITCHENS 11
ROOMS X13858748
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Property Description
Solid brick a purpose-built triplex situated in the heart of Rosemount, a great investment opportunity offering tremendous income potential! This spacious property features a wide corner lot, perfect for future expansion with the possibility of adding accessory units to maximize your return on investment.Two 2 bedroom units are generously sized with brand new balconies, large kitchen and good size bedrooms, over 1000 sq ft of living space. One bedroom unit in the basement is completely renovated, including bathroom, kitchen, floors and electrical. Features three separately metered units, parking for more than 8 vehicles.Well maintained building with many upgrades and renovations, totalling over $120,000.00 recently, new shingle roof (2023), new brick chimney, upgrade to electrical panel in utility room, new sanitary mainline within building and through foundation connecting to property line, creating common area in the backyard, 3 water heaters owned (2023) and much more. Sufficient outdoor parking. Book your showing today!!
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Property Features
Water Heater Owned
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Property Details
Address
129 River Road
City
Postal Code
N2B 2G7
Property Type
Triplex, Triplex
Zoning
R2B
Lot Size
125' x 58'
Taxes
$5,132 (2026
Basement
Apartment
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
8
Garage Type
None
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Listing contracted with Century 21 Green Realty Inc.
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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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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