$1,049,000

House For Sale In Vanier, Kitchener, Ontario

$1,049,000
  • 6

    Bedrooms

  • 3

    Baths

  • 4

    Parking Spaces

Property Information:

A rare opportunity to own a property featuring three legal living units in a friendly, established neighbourhood. Whether you're looking for the perfect multi-generational setup, a mortgage helper, or a turnkey investment, this versatile property offers exceptional flexibility. The main level features a bright, open-concept living and dining area filled with natural light, three generously sized bedrooms, and a full bathroom, creating a comfortable space to call home. The finished lower level is a fully self-contained two-bedroom suite complete with its own kitchen, offering privacy and independence for extended family or rental income. Adding even more value is the detached legal one-bedroom accessory dwelling unit, complete with its own kitchen, bathroom, and in-suite laundry, providing a completely separate living space for family, guests, or tenants. Situated on one of the larger lots in the neighbourhood, measuring approximately 52' x 109', the fully fenced backyard offers generous outdoor space for everyone to enjoy. Ideally located on a quiet street close to schools, parks, shopping, public transit, the ION LRT, and major highways, convenience is right at your doorstep. Recent updates include new flooring throughout, custom built-in cabinetry, a 200-amp electrical service, and an on-demand water heater (2021). Live in the spacious main unit while the two additional legal units help offset a significant portion of your monthly living expenses, create the ideal multi-generational lifestyle where everyone enjoys their own private space, or maximize the property's investment potential with projected rental income of approximately $6,000 per month ($72,000 annually). Vendor Take-Back financing is available with a minimum 30% down payment, offering additional flexibility for qualified buyers. A rare opportunity offering a projected 6% cap rate in today's market. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Basement Development: Finished
  • Basement Type: Full
  • Construction Style - Attachment: Detached
  • Exterior Finish: Brick
  • Floor Space: 1927 sqft
  • Foundation Type: Poured Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dishwasher, Dryer, Refrigerator, Stove, Water softener, Washer, Hood Fan

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 4+2
  • Bathrooms: 3
  • Access Type: Highway access
  • Amenities Nearby: Public Transit, Schools, Shopping
  • Built in: 1958
  • Community Features: Community Centre
  • Features: Paved driveway
  • Fence Type: Fence
  • Floor Space (approx): 1927 Square Feet
  • Lot Depth: 110 Feet
  • Lot Frontage: 52 Feet
  • Structure Type: Shed, Porch
  • Zoning: R2A
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 4

Rooms:

  • Laundry Basement Level 11'8'' x 8'3''
  • Bathroom Basement Level Measurements not available
  • Bedroom Basement Level 11'5'' x 12'11''
  • Bedroom Basement Level 10'7'' x 17'3''
  • Kitchen Basement Level 11'8'' x 24'3''
  • Bathroom Main Level Measurements not available
  • Bedroom Main Level 9'5'' x 10'0''
  • Living Main Level 7'4'' x 13'0''
  • Kitchen Main Level 9'5'' x 13'0''
  • Bathroom Main Level Measurements not available
  • Bedroom Main Level 12'1'' x 11'7''
  • Bedroom Main Level 9'9'' x 9'3''
  • Primary Bedroom Main Level 10'2'' x 12'8''
  • Kitchen Main Level 21'1'' x 12'8''
  • Living Main Level 18'4'' x 11'7''

Courtesy of: Chestnut Park Realty Southwestern Ontario Limited, Chestnut Park Realty Southwestern Ontario Ltd., Brokerage

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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