88 Woodhaven Road,Kitchener, ON N2C1V1
Kitchener, ON N2C1V1
Description
A RARE OPPORTUNITY TO OWN A PROPERTY FEATURING THREE LEGAL 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 an ideal multi-generational living arrangement where everyone can enjoy their own private space, or take advantage of the property's full investment potential with projected rental income of approximately $5,600 per month ($67,200 annually). Vendor Take-Back financing is available with a minimum 30% down payment, providing additional flexibility for qualified buyers. With a projected cap rate of over 6%, this is a rare opportunity for both owner-occupiers and investors in today's market. (id:13843)
Details
| MLS # | 40861923 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1958 |
| Days On Site | 42 |
| Listing Provided By | Chestnut Park Realty Southwestern Ontario Limited | Nicole Ashley Prokopowicz |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,927 |
| Garage | 4 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | R2 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Water softener |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Paved driveway, Private Yard |
|---|---|
| Foundation Details | Poured Concrete |
| Fencing | Fence |
Parking
| Parking Features | Detached Garage |
|---|---|
| Parking Total | 4 |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 5609.93 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Kitchener |
| Postal Code | N2C1V1 |
| Community Name | 327 Fairview/Kingsdale |
| Listing VS Median (in 327 Fairview/Kingsdale) | |
Price: $950,000 low | high Med: $375,000 sqft: 1,927 low | high Med: 1,583 $ / sqft: $493 low | high Med: $237 On site: 42 low | high Med: 0 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Kitchener |
| Postal Code | N2C1V1 |
| Community Name | 327 Fairview/Kingsdale |
| Listing VS Median (in 327 Fairview/Kingsdale) | |
Price: $950,000 low | high Med: $375,000 sqft: 1,927 low | high Med: 1,583 $ / sqft: $493 low | high Med: $237 On site: 42 low | high Med: 0 | |
