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Royal LePage
Royal LePage
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$1,399,000

Kitchener ON, N2G 1J5

MLS® # X12486985

Property Information:

Investment opportunity strong rental demand area- 153 Joseph Street . This fantastic 6-plex is situated in a peaceful neighbourhood near downtown Kitchener. This property offers a great opportunity for investors. Legal 6 plex all separate entrances for each unit in 3 story building not purpose build. There are 4 - two bedroom, 2 - one bedroom. The property has been well maintained over the years and offers great potential for investors or owners who are looking to add value through updates. All major systems are in working order and inspected yearly. And the building includes a paid monitored fire alarm system connected directly to the local fire station for peace of mind. Coin operated washer and dryer. Each unit has separate hydrometer. Three units with private balcony, One heating system operated by Boiler uses gas. Hot water tank rental. Close to LRT local train and bus terminal. Close to Victoria Park and Kitchener downtown area such as City Hall, Manulife building, Grandriver Hospital. 3 of the units are vacant. One 2 bedroom on the 3rd floor requires a fire escape .One bedroom unit will be vacant upon closing. So only 2 units will be tenant occupied at closing. Basement area has a lot of storage space. Functioning mechanicals and utilities. Great long-term investment upside .The property has been meticulously maintained by the same owner for 22 years, offering peace of mind to potential buyers. One attached garage with 3 outside parking spaces. The property is sold as is. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Type: Crawl space
  • Exterior Finish: Brick
  • Floor Space: 3500 - 5000 sqft
  • Foundation Type: Concrete
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 10
  • Bathrooms: 6
  • Floor Space (approx): 3500 - 5000 Square Feet
  • Irregular: Yes
  • Lot Depth: 92.0 Feet
  • Lot Frontage: 41.0 Feet
  • Lot Size: 41 x 92 FT
  • Sewer: Sanitary sewer
  • Parking Type: Attached garage, Garage
  • No. of Parking Spaces: 3

Courtesy of: HOMELIFE LANDMARK REALTY INC.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 153 JOSEPH STREET, Kitchener, Ontario, N2G 1J5

Demographic Information of 153 JOSEPH STREET, Kitchener, Ontario, N2G 1J5

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$98,102.31

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.74 %

High school certificate or equivalent

26.89 %

Apprenticeship trade certificate/diploma

4.01 %

College/non-university certificate

18.27 %

University certificate (below bachelor)

2.09 %

University Degree

35.0 %

Commuter

Travel To Work

By Car

64.53 %

By Public Transit

16.07 %

By Walking

13.16 %

By Bicycle

0.99 %

By Other Methods

5.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

89.67 %

Houses

10.33 %

Own Vs. Rent

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