Property Information:

Attention investors and savvy buyers! This fully renovated legal duplex offers a rare opportunity to generate strong rental income while owning a well-maintained, turnkey property. Thoughtfully converted and updated between 2017-2020, this versatile home provides two self-contained living spaces, making it an ideal addition to any investment portfolio. The upper unit features 3 spacious bedrooms, an updated full bathroom with double vanity, bright living and dining areas, a renovated kitchen, and access to an elevated deck. The upper level is currently generating $2,600/month in rental income, providing immediate cash flow. The lower unit offers an attractive open-concept layout with a modern kitchen, spacious living area with gas fireplace, 2 bedrooms, and 2 full bathrooms including a private ensuite. Heated floors throughout most of the lower level add premium comfort and appeal for tenants. Outside, the property offers excellent curb appeal with a brick and vinyl exterior, double-wide driveway, and oversized double garage with two separate garage doors, inside entry, and convenient backyard access. A natural gas BBQ hookup and private outdoor spaces further enhance the property's appeal. Major capital improvements include the roof (approx. 2020), exterior updates (2020/2021), garage doors (2017), driveway (approx. 5 years ago), furnace and air conditioning (2017), owned on-demand water heater, and owned water softener. Built in 1967, the home has been extensively modernized while maintaining its solid construction. With approximately 5 bedrooms, 3 full bathrooms, separate living spaces, ample parking, and strong income potential, this legal duplex presents an outstanding opportunity for investors, multi-generational families, or owner-occupants looking to offset mortgage costs with rental income. (id:27)

Building Features:

Style: Duplex
Building Type: Duplex
Basement Development: Finished
Basement Type: Full
Construction Material: Wood frame
Exterior Finish: Wood
Floor Space: 2365 sqft
Foundation Type: Poured Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Water softener

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Bedrooms: 5
Bathrooms: 3
Amenities Nearby: Park, Playground, Schools, Shopping
Built in: 1967
Community Features: Community Centre
Features: Automatic Garage Door Opener
Fence Type: Fence
Floor Space (approx): 2365 Square Feet
Lot Depth: 105 Feet
Lot Frontage: 64 Feet
Structure Type: Workshop, Shed
Zoning: R2A
Sewer: Municipal sewage system
Parking Type: Attached garage
No. of Parking Spaces: 4

Courtesy of: MCINTYRE REAL ESTATE SERVICES INC.

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Demographic Information of 127 STRATHCONA Crescent, Kitchener, Ontario, N2B 2W8

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$107,561.10

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.17 %

High school certificate or equivalent

27.41 %

Apprenticeship trade certificate/diploma

6.95 %

College/non-university certificate

21.84 %

University certificate (below bachelor)

0.23 %

University Degree

19.4 %

Commuter

Travel To Work

By Car

91.79 %

By Public Transit

2.33 %

By Walking

3.26 %

By Bicycle

0.0 %

By Other Methods

2.62 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

45.81 %

Houses

54.19 %

127 STRATHCONA Crescent, Kitchener, Ontario, N2B 2W8