Property Information:

Looking for a mortgage helper, turnkey income property, long-term investment, development opportunity or triple garage right in the heart of Kitchener? Then 31 Bingeman is worth exploring! This well-maintained triplex offers three large, bright and spacious units with attractive layouts that appeal to both owners and tenants alike. Live in one unit – offset the mortgage with the other 2! Each unit is separately metered for hydro, plus huge detached garage with hydro too– great for workshop, extra vehicles, additional rental income, hobby space, potential storage, etc – so many possibilities! In addition to a great house-hack opportunity, savvy investors will love this for a stable multi-residential property in a growing market. Situated on a large 8,999 sq ft lot, the property offers 9 PARKING SPACES, and long-term upside as the city continues to grow. For those seeking larger development potential and income - let your imagination fly! The generous lot size also presents potential future opportunities such accessory dwelling unit/sever and multiplex/ further residential development etc. Located close to transit, shopping, restaurants, key amenities. Just minutes walk from Centre in the Square and Kitchener public Library, LRT City Hall Station and Brubacher Green Park for the kids. This versatile property offers good current income with exciting future potential. Each unit is full of character - must see to appreciate! (id:27)

Building Features:

Style: Triplex
Building Type: Triplex
Basement Development: Partially finished
Basement Type: Partial
Exterior Finish: Aluminum siding, Brick
Floor Space: 3183 sqft
Foundation Type: Block
Heating Type: Forced air
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Bedrooms: 7
Bathrooms: 3
Amenities Nearby: Public Transit, Schools
Built in: 1893
Community Features: School Bus
Floor Space (approx): 3183 Square Feet
Lot Depth: 136 Feet
Lot Frontage: 66 Feet
Zoning: R-5 129U
Sewer: Municipal sewage system
Parking Type: Detached garage
No. of Parking Spaces: 9

Courtesy of: RED AND WHITE REALTY INC., RE/MAX TWIN CITY REALTY INC.

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Demographic Information of 31 BINGEMAN Street, Kitchener, Ontario, N2H 2R7

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$143,049.54

Average Number of Children

1.67

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.2 %

High school certificate or equivalent

25.17 %

Apprenticeship trade certificate/diploma

5.1 %

College/non-university certificate

20.77 %

University certificate (below bachelor)

1.17 %

University Degree

33.59 %

Commuter

Travel To Work

By Car

80.18 %

By Public Transit

7.42 %

By Walking

5.13 %

By Bicycle

2.02 %

By Other Methods

5.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

45.58 %

Houses

54.42 %

31 BINGEMAN Street, Kitchener, Ontario, N2H 2R7