154 CHURCH Street

About this home.

Spacious Legal Duplex on a Large Lot Steps from Downtown Kitchener! Exceptional opportunity to own a fully legal duplex with an additional in-law suite, ideally located just a short walk to downtown Kitchener and the LRT. Situated on a rare, oversized lot with parking for up to 5 vehicles, this property offers space, versatility, and excellent income potential. Featuring two bright and spacious 2-bedroom units plus a separate 1-bedroom in-law suite with its own private entrance, this home is perfect for investors or owner-occupiers seeking strong rental income with minimal maintenance. Each unit is self-contained with separate laundry facilities and separate utilities, allowing tenants to pay their own expenses and maximizing net returns. Recent updates include a brand-new roof (installed just a few weeks ago) and a newer furnace, providing peace of mind and reduced operating costs. Current rents are $1,875 and $1,600, with the in-law suite currently vacant and estimated to rent for approximately $1,200 per month, offering flexibility to choose your next occupant or enjoy the space for personal use. Free professional tenant placement is included, ensuring a smooth and hassle-free transition for the new owner. With its unbeatable location, solid income, and rare large lot so close to the city core, this property is an outstanding investment or multi-generational living opportunity. Don’t miss your chance to own a turn-key property in one of Kitchener’s most convenient and sought-after neighbourhoods! (id:59491)

The full record.

How this listing prices against Downtown/Rockway/S. Ward.

Downtown/Rockway/S. Ward had only 3 sales but 43 active listings, making it one of the softer markets in the city by supply balance. The average price was $522,000, well below the city average, and homes sold in 13 days at 97.75 percent of list, so the few successful listings moved efficiently. The challenge here is depth of demand rather than pricing on the homes that do sell. This is a neighbourhood where condos heavily shape the overall picture.

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