262 Patricia Ave
Kitchener, N2M 1J9
FOR SALE
$999,900
Sold
$970,000
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6 + 3
BEDROOMS3
BATHROOMS2 + 1
KITCHENS10 + 5
ROOMSX7214942
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-10-13 | 2023-10-27 | 14 | $999,900 | $970,000 | Sold |
| 2023-09-13 | 2023-10-12 | 29 | $1,049,000 | - | Terminated |
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Property Description
Prime Purpose Built Triplex Opportunity in Kitchener! Welcome To This Fantastic Investment Property Featuring Three Well-Maintained Units, All Three Units Each With 2 Bedrooms, 1 Bathroom, In-Suite Laundry & The Added Convenience Of 4+ Parking Spaces. The Entire Property Was Tastefully Renovated Just A Few Years Ago, Ensuring Modern Amenities & Appeal; Including A Gas Fireplace In Each Unit. No Major Updates Required! Plus, Upper Two Floors Each Have Front & Back Balconies. Enjoy Immediate Cash Flow With 2 of the 3 Units Currently Occupied, The Lower Unit Is Vacant For You to Set Market Rent or Move In And Have Your Tenants Pay Your Mortgage. Each Unit Has Its Own Separate Utility Meters (Gas/Hydro/Water), Providing Hassle-Free Management & Allowing Tenants To Cover Their Own Utility Costs. Situated In A Prime Kitchener Location, Residents Have Easy Access To Schools, Parks, Shopping, Public Transportation & Within Walking Distance Of St. Mary's Hospital.
Extras
Whether You're A Seasoned Investor Or Just Starting, This Property Is Turnkey, Providing A Stress-Free Investment Experience. All Hot Water Tanks Are Owned, Water Softener Owned, Separately Metered Gas, Hydro, Water.
Property Features
Hospital, Park, Place Of Worship, Public Transit, School
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Property Details
Street
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
50' x 116'
Acreage
< .50
Lot Irregularities
50.31 X X 115.84 X 47.52 X 97.85
Fronting
West
Taxes
$4,941 (2023)
Basement
Full, Sep Entrance
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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Similar Listings
This well-maintained triplex in the desirable East Ward of Kitchener offers an excellent investment opportunity. Each unit boasts its own in-suite laundry, with Unit A currently vacant, allowing for customizable rent. Situated within walking distance to Downtown Kitchener amenities such as Market Square and the Farmers Market, this property is conveniently located. Recent updates include many windows, wiring, and a new furnace in 2020. The upper unit features two bedrooms, an updated kitchen, and a separate laundry, while the main floor offers a spacious two-bedroom unit with a lovely kitchen and separate laundry. The basement unit includes a bedroom, den/office, separate laundry, and ample kitchen space. Whether you're seeking an investment property or a place to reside while renting out the other units, this triplex presents a fantastic opportunity.
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