97 St George Street, Kitchener, Ontario N2G 2T2 (25331179)
97 St George Street Kitchener, Ontario N2G 2T2
$979,900
Calling all investors! Pride of ownership abounds with this legal Triplex, boasting a 5.35% CAP Rate! Located in the heart of Cedar Hill, just a few minutes walk to the LRT, downtown Kitchener and the market, this cash flowing property is fully rented with AAA tenants on 2022 leases. All three spacious units are above ground level, offering great natural light and functional layouts. They come fully equipped with appliances, as well as In-suite laundry for each unit! The building has undergone significant updates and improvements, including: modern finishes in every unit, new roof, beautiful new backyard deck and fence, professional structural improvement, and so much more - request our buyer guide for full details! The current owners have gone above and beyond, and are ready to supply all the following documents: Zoning compliance letter, Environmental report, ESA inspections, structural engineer report and fire safety report, plus all financials. With a current Net Operating Income of $52,390, this is a turn-key opportunity for the savvy investor that won't last long! (id:48850)
Property Details
| MLS® Number | 40383115 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Park, Schools, Shopping |
| Equipment Type | None |
| Features | Park/reserve, Golf Course/parkland |
| Parking Space Total | 6 |
| Rental Equipment Type | None |
| Structure | Shed |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 4 |
| Appliances | Water Softener |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1900 |
| Construction Style Attachment | Detached |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Aluminum Siding, Brick |
| Fire Protection | None |
| Foundation Type | Brick |
| Heating Fuel | Natural Gas |
| Stories Total | 2 |
| Size Interior | 2110 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Park, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 119 Ft |
| Size Frontage | 40 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R5 |
https://www.realtor.ca/real-estate/25331179/97-st-george-street-kitchener
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May 31 2023 07:43:44
Kitchener-Waterloo Association of REALTORS®
Royal LePage Crown Realty Services, Brokerage