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



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


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!



Interior Features

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

Exterior Finish

  • Aluminum
  • Brick
  • Concrete
  • Siding


  • Asphalt Shingles


  • Ceiling Fan


  • 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
Information is deemed to be correct but not guaranteed.

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