46 Cherry Street
Kitchener, N2G 2C6
FOR SALE
$874,900
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3 + 1
BEDROOMS 3
BATHROOMS 2 + 1
KITCHENS 10 + 4
ROOMS X13756402
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Property Description
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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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2017-09-29 | 2017-10-05 | 6 | $379,000 | $377,500 |
Property Features
Greenbelt/Conservation, Fenced Yard, Place Of Worship, Public Transit, School, Separate Hydro Meter, Other, Mutual
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Property Details
Address
46 Cherry Street
City
Postal Code
N2G 2C6
Property Type
Triplex, Triplex
Zoning
R4
Lot Size
33' x 166'
Taxes
$5,469 (2026
Basement
Finished, Separate Entrance
Exterior
Backs On Green Belt
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
Detached
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Listing contracted with Chestnut Park Realty(Southwestern Ontario) Ltd
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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