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Royal LePage
Royal LePage
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$700,000

Kitchener ON, N2A 2R6

MLS® # X12418615

Property Information:

Legal Duplex Investment Every strong portfolio starts with the right property, the kind of investment that generates income today while positioning you for long-term growth. 62 Greendale Crescent is exactly that: a fully permitted, legal duplex with proven rental income, market demand, and the fundamentals investors look for. The upper 2-bedroom unit is already leased at $2,100 per month, providing stable cash flow from day one. The lower 2-bedroom suite, with its own entrance and full layout, is vacant and ready for a new tenant at approximately $1,900$2,100 per month or it can serve as an ideal in-law arrangement while maintaining income from upstairs. With projected annual rents of approximately $48,000 and manageable operating expenses, investors can expect a cap rate in the 5 percent range. With financing available at current interest rates around 4 percent, cash-on-cash returns project in the low-to-mid single digits, with realistic potential for positive monthly cash flow. These are the fundamentals that matter, and they are rarely found at this level in todays market. Unlike many competing listings, this property is already legally compliant, offers parking for five vehicles, a fenced yard, and a low-maintenance setup. Its location near schools, shopping, transit, and highway access further ensures ongoing tenant demand and long-term stability. For first-time investors or those adding to a growing portfolio, 62 Greendale Crescent represents more than just a duplexit is an opportunity to secure reliable returns, build equity, and take the next step toward financial growth with confidence. (id:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Architectural Style: Bungalow
  • Basement Type: Full
  • Exterior Finish: Aluminum siding, Brick
  • Floor Space: 700 - 1100 sqft
  • Foundation Type: Poured Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Water softener, Dryer, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 2+2
  • Bathrooms: 2
  • Amenities Nearby: Schools, Ski area
  • Floor Space (approx): 700 - 1100 Square Feet
  • Irregular: Yes
  • Lot Size: 40 x 100 Acre
  • Zoning: RES-3
  • Sewer: Sanitary sewer
  • Parking Type: Carport, No Garage
  • No. of Parking Spaces: 5

Rooms:

  • Utility Lower Level 6.25 m x 3.89 m
  • Kitchen Lower Level 7.70 m x 3.28 m
  • 3rd Bedroom Lower Level 4.72 m x 3.28 m
  • 4th Bedroom Lower Level 3.86 m x 2.41 m
  • Bathroom Lower Level 2.79 m x 1.50 m
  • Other Lower Level 1.75 m x 1.47 m
  • Living Main Level 5.41 m x 5.26 m
  • Kitchen Main Level 6.40 m x 3.05 m
  • Bedroom Main Level 3.53 m x 2.44 m
  • 2nd Bedroom Main Level 3.53 m x 3.20 m
  • Bathroom Main Level 2.24 m x 1.50 m

Convert Measurement to:


Courtesy of: Toronto Real Estate Realty Plus Inc

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 62 GREENDALE CRESCENT, Kitchener, Ontario, N2A 2R6

Demographic Information of 62 GREENDALE CRESCENT, Kitchener, Ontario, N2A 2R6

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$84,922.24

Average Number of Children

1.81

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.05 %

High school certificate or equivalent

35.87 %

Apprenticeship trade certificate/diploma

7.94 %

College/non-university certificate

19.07 %

University Degree

15.07 %

Commuter

Travel To Work

By Car

85.57 %

By Public Transit

7.17 %

By Walking

3.48 %

By Bicycle

0.0 %

By Other Methods

3.78 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

58.44 %

Houses

41.56 %

Own Vs. Rent

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