129 RIVER Road E

About this home.

Solid brick a purpose-built triplex situated in the heart of Rosemount, a great investment opportunity offering tremendous income potential! This spacious property features a wide corner lot, perfect for future expansion with the possibility of adding accessory units to maximize your return on investment.Two 2 bedroom units are generously sized with brand new balconies, large kitchen and good size bedrooms, over 1000 sq ft of living space. One bedroom unit in the basement is completely renovated, including bathroom, kitchen, floors and electrical. Features three separately metered units, parking for more than 8 vehicles.Well maintained building with many upgrades and renovations, totaling over $120,000.00 recently, new shingle roof (2023), new brick chimney, upgrade to electrical panel in utility room, new sanitary mainline within building and through foundation connecting to property line, creating common area in the backyard, new sod (2024), 3 water heaters owned (2023) and much more. Sufficient outdoor parking. Book your showing today!! (id:59491)

The full record.

How this listing prices against Heritage Park/Rosemount.

Heritage Park/Rosemount was one of the busiest neighbourhoods in the city, with 21 sales and only 14 active listings. The average price was $694,357, close to the city median, but homes sold in just 12 days and at 97.18 percent of list, pointing to a relatively firm market. Compared with Kitchener overall, this area is moving faster and with less supply pressure. It stands out as a brisk, mostly freehold market right now.

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