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$1,199,900
Available - For Sale
Listing ID: X12073669
6% CAP RATE! PURPOSE-BUILT THREE-UNIT property located in the sought-after Lackner Woods neighbourhood of Kitchener. This cash-flowing gem brings in $7,000 per month in rental income, offering a 6% cap rate and approximately $1,000/month in positive cash flow! Featuring two massive 3-bedroom units at 1,150 sq ft each, and a bright, updated 1-bedroom lower-level unit, this property is ideal for both investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit is thoughtfully updated and includes new granite countertops, open-concept layouts, vinyl flooring, and access to outdoor spaces including private balconies, a private patio, and a shared backyard. The basement unit has a new kitchen and plenty of natural light. Tenants pay all utilities including hydro, and each unit has separate hydro meters along with its own driveway for private parking. The property also boasts a full 2-car garage, parking for 4 more vehicles in the main driveway, plus a brand-new driveway (2024) for an additional 2 cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). This turn-key investment property is walking distance to shopping, parks, schools, and amenities making it the perfect blend of location, income, and lifestyle.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $59,995 $119,990 $179,985 $239,980
First Mortgage $1,139,905 $1,079,910 $1,019,915 $959,920
CMHC/GE $31,347.39 $21,598.2 $17,848.51 $0
Total Financing $1,171,252.39 $1,101,508.2 $1,037,763.51 $959,920
Monthly P&I $5,016.38 $4,717.67 $4,444.66 $4,111.26
Expenses $0 $0 $0 $0
Total Payment $5,016.38 $4,717.67 $4,444.66 $4,111.26
Income Required $188,114.37 $176,912.78 $166,674.78 $154,172.36

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Forest Hill Real Estate Inc.

35 Shaftsbury Driv , Kitchener, N2A 1N4, Waterloo


 
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At a Glance:
Type: Freehold - Duplex
Area: Waterloo
Municipality: Kitchener
Neighbourhood: Dufferin Grove
Style: 2-Storey
Lot Size: x 111.00(Feet)
Approximate Age: 51-99
Tax: $4,786
Maintenance Fee: $0
Beds: 6+1
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Maria Tompson
Sales Representative

Cell: 416-548-7854
Office: 1-866-382-2968
Fax: 416-981-7184


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Your Company Name, Brokerage
Independently owned and operated.
 4711 Yonge Street, 10th Floor, Toronto, ON, M2N 6K8
 



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