115 ROXBOROUGH Avenue
St. Marys · Kitchener
The facts
- Property type
- Multi-family
- Ownership
- Freehold
- Bedrooms
- 6
- Bathrooms
- 3
- Size
- 2,876 sqft
- Lot
- 0.148 acres
- Year built
- 1956
- Heating
- Natural gas
- Cooling
- None
- MLS® number
- 40867328
About this home
Are you looking for a solid, turnkey investment in Kitchener-Waterloo? An income-producing property with a projected CAP rate over 5.5%? Anchored by a core location with proximity to retail and hospitals? Presenting 115 Roxborough Avenue, a classic red-brick Tri-plex comprised of three spacious two-bedroom units. Savvy investors will recognize that this property has all the amenities needed to attract top tenants and achieve market rents. The large units feature classic finishes like oak trimwork and spacious eat-in kitchens. There is plenty of on-site parking up to 6 spaces. A large lot offers the potential for densification, investors may consider adding an additional dwelling unit (ADU) for added income. Two units are vacant, ready for market rents and for the new landlord to establish tenancies of their choosing. Conveniently located near retail and shopping amenities just a block away, including public transit. The expressway and downtown Kitchener are less than a 10-minute drive. This property has been impeccably maintained. Contact us for a list of property upgrades or to receive a ProForma outlining income and expense projections. (id:59491)
Listed by MARK BENJAMINS
Homes like this recently sold for
Recent Multi-family sales in St. Marys
St. Marys median: $565,495 across 10 sales (90 days)