Rare 3 Unit Property in the Heart of Kitchener!Welcome to this versatile and income-generating property featuring 3 separate units, making it an excellent opportunity for homeowners, investors, or multi-generational families.Unit 1: Main-floor bungalow featuring 3 bedroomsUnit 2: Legal basement apartment with separate entrance and 2 bedroomsUnit 3: Newly built legal 1-bedroom backyard apartment-style unitThe property has been thoughtfully upgraded, including new flooring, updated bathrooms and kitchens, new appliances, basement windows, new airconditioner, new heat pump for backyard unit and a newly constructed backyard unit. All available City permit documentation is attached to the listing.Enjoy the flexibility to live in one unit and rent the other two, occupy two units and rent one, accommodate a large or multi-generational family across all three units, or rent out all three units for potential rental income.A unique opportunity to own a legal 3-unit property in a prime Kitchener location with multiple living and investment possibilities.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,726 |
| Lot Size | 50.8 ft x 109.12 ft |
| mls© Number | X13853362 |
| Listed By | YOUR GTA REAL ESTATE INC. |
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- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,011
- Property tax
- $310
- Heat allowance
- $150
- Housing costs
- $5,471 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$168,000
gross annual household income
- Payment at 4%
- $4,120 / mo
- Cash down
- $195,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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