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.
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PURPOSE BUILT TRIPLEX. 3 x 2 BEDROOM UNITS. 2 minutes (1KM) to Highway 7/8. On a bus route. 4 minutes to downtown. Fantastic investment opportunity in the heart of Kitchener! This well-maintained 3-unit building features three spacious 2-bedroom units, each with a full kitchen and 4-piece bathroom. The top two units offer private balconies that were renovated Summer of 2024, while tenants enjoy the convenience of shared coin-operated laundry. The chimney was replaced in in January 2025. Each unit is rented out at $2,100 per month excluding utilities in which they pay 1/3 of the total bills every month. Ideally located with easy access to highways, parks, schools, shopping, and more. A great addition to any investor's portfolio or a perfect opportunity for multi-generational living!
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