Property Information:

Legal Duplex + In-Law Suite | High Upside Investment Opportunity Exceptional income property offering a legal duplex with an in-law suite, ideal for investors or multi-generational living. Currently generating strong rental income with three self-contained units, this property also features significant future development potential. The property includes. Spacious 5-bedroom, 2-washroom unit3-bedroom, 1-washroom unit Studio unit Additional highlights include a large 300 sq. ft. insulated and heated garage with separate access-perfect for storage or a home-based business-along with three driveways accommodating up to 14 vehicles, a rare find. Located just minutes from **Highway 8 and approximately 5 minutes to **Highway 401, this property offers excellent connectivity and is close to major shopping centers, amenities, and transit .Future potential includes a partially renovated basement with the possibility of a 3-bedroom, 2-washroom unit with separate entrance, as well as an unfinished second floor offering additional development opportunities. A rare opportunity combining current income, strong cash flow, and long-term upside in a high-demand Kitchener location. (id:27)

Building Features:

Style: Multiplex
Building Type: Duplex
Basement Development: Partially finished
Basement Type: N/A, N/A
Exterior Finish: Brick, Vinyl siding
Floor Space: 3000 - 3500 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning

Property Features:

Property Type: Multi-family
Bedrooms: 8
Bathrooms: 4
Floor Space (approx): 3000 - 3500 Square Feet
Irregular: Yes
Lot Depth: 122 Feet
Lot Frontage: 70 Feet
Lot Size: 70 x 122 FT
Utility Type: Sewer - Installed, Hydro - Installed
Sewer: Sanitary sewer
Parking Type: Attached garage, Garage
No. of Parking Spaces: 12

Courtesy of: RE/MAX REALTY SERVICES INC.

More Detail

Less Detail

Demographic Information of 72 FLORENCE AVENUE, Kitchener, Ontario, N2A 2K8

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$86,422.99

Average Number of Children

1.93

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

29.91 %

High school certificate or equivalent

33.25 %

Apprenticeship trade certificate/diploma

4.02 %

College/non-university certificate

18.39 %

University certificate (below bachelor)

0.7 %

University Degree

13.73 %

Commuter

Travel To Work

By Car

82.2 %

By Public Transit

11.98 %

By Walking

2.58 %

By Bicycle

0.14 %

By Other Methods

3.1 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

34.52 %

Houses

65.48 %

72 FLORENCE AVENUE, Kitchener, Ontario, N2A 2K8