Incredible turnkey investment opportunity. A Fully Renovated Legal Duplex located in a desirable Forest Heights, Kitchener neighborhood. 4 spacious bedrooms with 2 washrooms on the Main Floor. 3 bedrooms Legal Basement apartment with separate entrance and 3 ensuite washrooms. Total living floor area of 1,892 square feet including the basement. Thousands spent on the renovations approx. $200K plus. Both units are beautifully designed with high-end finishes, including luxury vinyl flooring, appliances and separate in-suite laundries for both units on the main floor and the basement. Seeing is believing. New floors, New washrooms, New furnace, New AC, New water heater and many many more. Extended new driveway approved by the city which can accommodate 3 vehicles. The old aluminum wiring is replaced with new copper wiring in the whole house. The gas line was replaced from road to the property spent approx. $5K. New front raised concrete porch spent approx. $7K. All brick bungalow in desirable Forest Heights, Kitchener neighborhood close to all amenities, shopping, and schools. 3 season sunroom, garden shed, fenced backyard, and large single garage. Silver Aspen is a prime rental location that will always attract great tenants as it is close to all universities in waterloo. With a gross potential income of approx. $65,000/annum and minimal expenses, this property is a true wealth-builder. Main floor can be rented for $2800 and basement can also be rented for $2600. Live in one unit while renting out the basement as a mortgage helper, or maximize your portfolio with a fully leased option. Please check the attached layout plans approved by the city. Open houses on August 8th from 2:30-4:30pm. (id:4069)
Address
35 SILVER ASPEN CRESCENT
List Price
$949,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
Bungalow
Transaction Type
Sale
Area
Ontario
Sub-Area
Kitchener
Bedrooms
7
Bathrooms
5
Half Bathrooms
1
Floor Area
1500 - 2000 Sq. Ft.
Lot Size
45 x 90 FT Sq. Ft.
Lot Depth
90 ft
Frontage Length
45 ft
MLS® Number
X13648016
Listing Brokerage
KINGSWAY REAL ESTATE
Basement Area
N/A, N/A
Postal Code
N2N1H5
Ownership
Freehold
Parking Places (Total)
4
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Central air conditioning
Foundation Details
Concrete
Number Of Floors In Building
1
Water Source
Municipal water
Sewer
Sanitary sewer
