7 BALMORAL DRIVE, Kitchener, Ontario, N2M 2J7

MLS® # X12682262

new listing

Investment For Sale In Westmount, Kitchener, Ontario

$949,000

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7 Balmoral Drive, Kitchener, ON - Outdoor With Exterior

7 Balmoral Drive, Kitchener, ON - Indoor Photo Showing Other Room

7 Balmoral Drive, Kitchener, ON - Indoor Photo Showing Kitchen

7 Balmoral Drive, Kitchener, ON - Indoor Photo Showing Kitchen With Double Sink

7 Balmoral Drive, Kitchener, ON - Indoor Photo Showing Bathroom

7 Balmoral Drive, Kitchener, ON - Outdoor

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7 BALMORAL DRIVE, Kitchener, Ontario, N2M 2J7

$949,000

Property Information:

Purpose-Built Triplex in the Belmont Village, Waterloo High Tech Hub!! This upgraded triplex in a quiet and desirable neighborhood steps from KW's high-tech community, offering exceptional income potential in a highly desirable location. Purpose-built and thoughtfully designed, the property features two spacious 2-bedroom units, each with private entrances, as well as a bright and generously sized 1-bedroom lower unit with abundant natural light. The upper and middle units also feature a walkout balcony, adding to their appeal. Each unit is separately metered for hydro, with an additional common meter and a shared laundry facility to streamline operations. All units will be vacant on closing, providing the flexibility to set market rents and maximize returns from day one. There is also parking for approximately six vehicles, offering excellent convenience for tenants or future owners. Extra shed in the parking lot for extra storage! Recent upgrades include updated flooring, new roof shingles (2019), ensuring low ongoing maintenance and long-term value. Ideally located near transit, parks, hospitals, and major amenities, this triplex is VACANT and a strong income generator in a thriving and desirable neighbourhood. Don't miss this is low-risk, high-reward investment opportunity with lasting potential! (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 2076 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None

Property Features:

Property Type: Multi-family
Floor Space (approx): 2076 Square Feet
Irregular: Yes
Lot Depth: 120 Feet
Lot Frontage: 57.2 Feet
Lot Size: Bldg=57.21 x 120 FT
Zoning: Triplex - residential
No. of Parking Spaces: 6

Courtesy of: UPPERSIDE REAL ESTATE LIMITED

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Market Price Trends

Single family detached

-4.37%

Price change (1 year)

28.69%

Price change (5 years)

All Properties

-4.49%

Price change (1 year)

29.78%

Price change (5 years)

Location of 7 BALMORAL DRIVE, Kitchener, Ontario, N2M 2J7

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

52/100

Moderate

ClimateCheck®

Current data

This property, 7 BALMORAL DRIVE , experiences 7 hot days per year at around 30.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.2 degrees Celsius.

Projected Avg. Temperature

Past

30.7℃

2050

34.2℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

64/100

Moderate-High

ClimateCheck®

Current data

This property, 7 BALMORAL DRIVE , experiences 11 significant 2-day storms per year, with about 321.4mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 399mm of precipitation per year.

Precipitation Per Storm

Past

321.4mm

2050

399mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 7 BALMORAL DRIVE, Kitchener, Ontario, N2M 2J7

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$89,988.99

Average Number of Children

1.90

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.49 %

High school certificate or equivalent

29.6 %

Apprenticeship trade certificate/diploma

3.53 %

College/non-university certificate

15.01 %

University certificate (below bachelor)

1.71 %

University Degree

27.65 %

Commuter

Travel To Work

By Car

83.04 %

By Public Transit

9.78 %

By Walking

6.52 %

By Bicycle

0.0 %

By Other Methods

0.66 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

65.15 %

Houses

34.85 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Single family detached

All Properties

Location of 7 BALMORAL DRIVE, Kitchener, Ontario, N2M 2J7

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 7 BALMORAL DRIVE, Kitchener, Ontario, N2M 2J7

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

7 BALMORAL DRIVE, Kitchener, Ontario, N2M 2J7

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing