23 RUTHERFORD Drive Kitchener East (Kitchener, Ontario, CA - N2A 1P8) Built

$1,100,000

KW CASA REALTY INC BROKERAGE

Cristina Pekurar Cristina Pekurar (519) 569-8899 (Office) (519) 212-3829 (Cell) (519) 569-8811 (Fax) Request More Info

  • Type: Residential
  • Style: 2 Storey
  • Bedrooms: 5
  • Bathrooms: 3
  • Size: 1,968 sq. ft.
  • Development Level: Built
  • Lot Type: Rectangular
  • Lot Size: 55ft x 120ft
  • Year Built: 1966
  • Taxes: $4,321.02 (2020)
  • MLS ® #: 40111883
  • Basement: Yes, Full

Description

4.1% Cap rate! This triplex acts more like a four-plex with the $9,000+ yearly annual income coming from the solar panels. This purpose-built triplex has two 2-bed units and one 1-bed unit and generates over $57,000 per year in annual revenue. The renovated main floor is currently under lease for $1600 + hydro per month, the upper unit is under lease for $1550 + hydro per month and the basement unit is rented month-to-month for $847.30 + hydro per month, with all exceptional tenants. The solar panels have generated an average of $780 per month over the last 12 months. With over seven parking spots in the driveway available, newer deck on the back, new boiler (2021) and updated exterior, close to the expressway, Fairview Mall, and upcoming ELEVATE condo project that will change the landscape of this neighbourhood, this is an investment you won't want to miss!

Attachments

Features

Interior Features

  • Ceiling Fan
  • Hardwood Floors
  • Laminate Floors
  • Laundry Room
  • Tile

Exterior Finish

  • Aluminum
  • Brick
  • Concrete
  • Siding

Roof

  • Asphalt Shingles

Cooling

  • Ceiling Fan

Heating

  • Electric Baseboard
  • Natural Gas

Sewer/Water Systems

  • Public

Lot Features

  • Deck
  • Fenced Yard
  • Garden Area
  • Landscaped
  • Lawn
  • Trees / Shrubs
Brokered and Advertised by : The Blackwell Group
P2#451991427
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Information is deemed to be correct but not guaranteed.

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