95 FRANKLIN Street N

About this home.

BRAND NEW PURPOSE BUILT FOUR-PLEX! NO RENT CONTROL HERE! CURRENTLY UNDER CONSTRUCTION with a 6% cap rate! This custom build four unit building offers its new owner years of carefree investing with a great return. You set the rents and pick your own hand picked quality tenants. Designed with the investor in mind this building features no interior hallways to maintain. In suite laundry rooms in all suites. Open concept modern layouts with custom kitchens with quartz counter tops. High quality hard surface flooring throughout. Separate HVAC systems in all units with all separate meters. Full unfinished basement with 2 separate doors gives this property even more additional potential to add another 2 units with City of Kitchener approval. Great Stanley park neighbourhood close to all amenities. This is a great opportunity for the savvy investor looking to add a quality income producing property to their investment portfolio. Full 7 year Tarion warranty!! A great turnkey opportunity! (id:59491)

The full record.

How this listing prices against Stanley Park/Centreville.

Stanley Park/Centreville recorded 9 sales and 34 active listings, so supply is running well ahead of recent deal volume. The average price was $591,483, below the city average, while homes sold in 25 days and at 97.76 percent of list, showing steady but price-conscious demand. This is another split neighbourhood, with freeholds selling at much higher price points than condos. Buyers looking here are seeing choice, especially on the condo side.

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