Public: Fantastic opportunity to get into the market with mortgage helpers or as a solid investment property! 3 great tenants, upper unit pays $1400 per month, main floor pays $1750 per month (on a lease), basement pays $950 per month, owner pays all utilities. Each unit has their own laundry. Bonus 25 x 25 concrete shop with 16 foot ceilings and a newer membrane roof that the owner uses himself but could be rented for more income or converted to another unit!! Ample parking, roof on house was done in 2018. Water heater is owned.
Public: Stable Income & Growth Potential in Kitchener. Make an offer on this well-priced 5-plex, currently generating $61,000 annually with a solid 5% cap rate, presents a rare opportunity for investors looking for more than just a standard duplex or triplex. Located in a highly sought-after area of Kitchener, this property offers both stable income and the potential for substantial equity growth through strategic upgrades, rental increases, and possibly adding another storey. With convenient access to Hwy 7, Bridgeport Rd, and University Ave, this property ensures easy commutes for tenants, reducing vacancy concerns and enhancing long-term rental demand. The unit mix, featuring two 2-bedroom units and three 1-bedroom units, caters to a variety of tenant profiles, increasing flexibility and occupancy potential. For savvy investors, this property presents an attractive blend of current cash flow and future appreciation, making it a competitive investment with more upside than other multi-unit properties that are currently available. Schedule a tour today and explore the possibilities of turning this 5-plex into a high-performing asset in your portfolio.
REALTOR®:Agent Communication Via Email. Please email: greg@dewarrealty.com Find 611 Lancaster Property Brochure in Supplements.
Directions to Property: Bridge Street to Lancaster Street West Cross St: Lancaster/Bridge
Basement: Full Basement, Fully Finished, Cooling: None
Heating: Forced Air, Gas
Inclusions: Other
Add Inclusions: 5 Refrigerators, 5 Stoves
Exclusions: Tenant Belongings & Shed-belongs to Tenant
Multi-Residential Information
Lease to Own: None
Laundry Features: None Additional Monthly Fees:
Inspection Fire/Date: Profit Loss Proforma: Yes
Inspection ESA/Date:
Chattels Y/N: Yes
Y/N: Yes
Assoc Fee: Property Taxes: $4,666.41
Expenses Income TMI: Gross:
Heating: $763.70 Rental Income: $60,744.00
Electric Expense: 4,589.40 Operating Income:
New Tax Expense: Net Operating: $44,355.77
Insurance: $3,181.88 Income Includes:
Maintenance: $3,005.58
Building Insurance: Administrative Fee: 0
Laundry Rentals:
Under Cntrct Mnthly: 0.00
Addl Monthly Expense: Prop Mgmt Expense: $0.00
Operating Expense: $16,388.23 Expenses: Actual Property Information
Common Elem Fee:
Local Improvements Fee:
Legal Desc: PT LT 2 EBY & DEVITT'S SURVEY PL 577 KITCHENER AS IN 864579; KITCHENER
Zoning: C4
Assess Val/Year: $385,000/2024
Survey: None/
Hold Over Days: 90
PIN: 223430310 PIN 2:
ROLL: 301206000209600
Occupant Type: Tenant
Possession/Date: Flexible/ Deposit: 50000
Marketing
Showing Requirements: Showing System, Lockbox
Showings:
Showing Remarks: BrokerBay or text 519-208-9700.
Lockbox Type: SentriLock
Locbox Loc/Serial#:Front Door/ Sign on Prop: Yes
List Date: 05/16/2024
Brokerage Information
Expiration Date:
Int Bearing Bkg Trust Account:No
Financing: SPIS WWAS: Contact After Expired:No
Buyer Agency Compensation Remarks: 2%+ HST
Special Agreement: No
Assignment Of Listing: HST Applicable to Sale:No
Offer Remarks: Not holding offers. No Sunday or Holiday offers - see form 244 and Schedule B in supplements. Please provide a 24 hour irrevocable. Communication through Email: greg@dewarrealty.com
Original List Price: $999,900.00
List Brokerage: DEWAR REALTY INC., BROKERAGE
List Salesperson: GREG DEWAR, Broker of Record
Brkge #: 519-208-9700
Direct #: 519-208-9700
Email: greg@dewarrealty.com L/SP Cell:
Confidential for REALTORS® Only
Source Board: Cornerstone - Waterloo Region
Prepared By: ROY CLEEVES, Broker
*Information deemed reliable but not guaranteed * CoreLogic Matrix
Date Prepared: 09/26/2024 POWERED by itsorealestate ca All rights reserved
Legal: See: REALTOR Remarks PT LOTS 15 & 20 MUNICIPAL COMPILED PLAN OF
OF PART LOT 14 GERMAN COMPANY TRACT, BEING PT. 1 ON 58R-16762 SUBJECT TO AN EASEMENT IN GROSS AS IN WR538706 CITY OF WATERLOO
Remarks/Directions
Public: This is an extremely well-situated triplex with proximity to all the locales that make Waterloo great: situated steps to Waterloo Park's LRT station, in front of the Barrel Works Development and a quick walk to night life, cafes, Waterloo Park and Waterloo Rec Centre. CIGI across the street. Perimeter Institute and Clay and Glass museum around the corner. Interior updates include vinyl plank flooring. Thousands recently spent on exterior improvements including new asphalt and retaining wall. Nine, lined, parking spots. Additional parking spots can be rented to Barrelworks tenants or Seagram Loft residents. Due to proximity to all amenities, AIRBNB could also be a very lucrative option. From a traditional rental perspective, next owner can go to market rents immediately and capitalize on perhaps the The Best Rental Market in Canada. This could also be a rare opportunity to live in Uptown with the possibility of enjoying mortgage helper income from two other units! Note 116 Erb Street West, also available, can be added to your purchase for a mixed use application: office main unit, four bedroom residential on upper levels. Combining 116 Erb (mixed office/residential) with 114 Erb Street makes the site even more compelling and may unlock development opportunity. Why settle for a tertiary location when you can own The Best? Opportunity knocks - will you answer?
REALTOR®:*Legal Description Continued: LT 19 SUBDIVISION OF LT 14 GERMAN COMPANY TRACT CITY OF WATERLOO EXCEPT PT 6, EXPROP PL 439; S/T 1478618; WATERLOO PINs: 223770392, 223770093 ARNs: 301604170002100, 301604170002100 2024 Assessments: 110 Erb ($525,000), 114 Erb ($525,000) Seller preference is to sell 114 Erb Street West and 116 Erb Street West together but will consider all offers including offers for the property separately. Financials from 2020 when the property was last fully occupied. Square footage calculation includes third level. Easement descriptions here in this link: https://www.dropbox.com/scl/fo/ssb4guvly5a3ciz9w0upl/ABEC17VEBO46IE5PCqfnN6o? rlkey=p48l6q7qfct2wzmsdoomfqgcd&dl=0
Directions to Property: Located on the North Side of Erb Street, between Avondale and Father David Bauer Drive. Cross St: AVONDALE/ERB, FATHER DAVID BAUER/ERB Exterior
Easy to Show. Out of Board REALTOR? Allow for 24 hours notice for Sentri-Connect access to be granted. No one day codes can be provided. Call Sentri direct if you have issues accessing lock box. Lock box is on 116 Erb, front porch railing.
Assignment Of Listing:No HST Applicable to Sale:No
Representation Type: Designated Representative
Offer Remarks: Please ensure Registrant's Statement is signed upon submitting offer. Please include Schedule B
Original List Price: $925,000.00
List Brokerage: Royal LePage Wolle Realty
List Salesperson: MIKE MILOVICK, Broker
Email: mike@teammilovick.com
List Brokerage 2: Royal LePage Wolle Realty
List Salesperson 2: JENNIFER SHINGLER, Salesperson
Brkge #: 519-578-7300
Direct #: 519-578-7300
L/SP Cell:
Brkge #: 519-747-2040
Direct #: 519-747-2040 Email: jenn@teammilovick.com
Confidential for REALTORS® Only
Source Board: Cornerstone - Waterloo Region
Prepared By: ROY CLEEVES, Broker
L/SP2 Cell:
deemed reliable but not guaranteed.* CoreLogic Matrix
Date Prepared: 09/26/2024 POWERED by itsorealestate ca All rights reserved
Listing ID: 40644499
List Office Name: Royal LePage Wolle Realty
List Office ID: KW348
List Office Ph/Fax: 519-578-7300/
List Agent Name: MIKE MILOVICK
List Agent ID: KWKW5328
List Agent Ph/Fax: 519-578-7300/519-742-9904
Seller Name: 1568532 ONTARIO LIMITED
Street #/Name: 114/ERB
City: Waterloo
Postal Code: N2L 1T5
County/Municip/Area: Waterloo/4 - Waterloo West Neigh/Subdist/Bldg Nm: 415 - Uptown Waterloo/Westmount/ Parcel ID/Assess Roll #: 223770093/301604170002100
Legal Description: See: REALTOR
Fronting On: North
Inclusions: None
Add Inclusions:
Exclusions:
Common Interest: Freehold/None
Occupant Type: Vacant
Lot Irregularities:
Assoc Fee/Frequency: /
Comp/Type/Remarks: 2.0% plus HST
Under Contract/Month: /
Private Remarks: *Legal Description Continued: LT 19 SUBDIVISION OF LT 14 GERMAN COMPANY TRACT CITY OF WATERLOO EXCEPT PT 6, EXPROP PL 439; S/T 1478618; WATERLOO PINs: 223770392, 223770093
ARNs: 301604170002100, 301604170002100 2024 Assessments: 110 Erb ($525,000), 114 Erb ($525,000) Seller preference is to sell 114 Erb Street West and 116 Erb Street West together but will consider all offers including offers for the property separately. Financials from 2020 when the property was last fully occupied. Square footage calculation includes third level. Easement descriptions here in this link: https://www.dropbox.com/scl/fo/ssb4guvly5a3ciz9w0upl/ABEC17VEBO46IE5PCqfnN6o? rlkey=p48l6q7qfct2wzmsdoomfqgcd&dl=0
Public: Attention investors! Situated in a central point in Kitchener, 524 Krug Street lies just a few minutes from the expressway and less than 10 minutes to the booming Downtown. This efficient Legal Triplex houses three units – one single bedroom, and a pair of two bedroom units, all very clean, well maintained and separately metered. Laundry for the tenants is serviced by an in-building commercial coin setup, and there’s ample private parking in the open lot at the back of the property. Updates to 524 Krug Street include the roof (2014), furnace, windows and eaves – all excellent selling points among potential investors. With large windows sitting above-grade in the lower unit, lots of natural light creates a unique and desirable environment – this is no ordinary basement unit. Potential for a future Accessory Dwelling out back with the oversized 53' x 163' lot offering plenty of space. Get in touch today to schedule your private showing!
REALTOR®:If property is shown by LA or Team Member & an offer is brought by another agent w/that same Buyer or family member, 1%+HST referral is applied out of the coop commission.
Lot Irregularities: 162.32 ft x 11.53 ft x 42.26 ft x 169.14 ft x 53.5
Lot Front (Ft): 53.50
Acres Range: < 0.5
Acres Rent:
Lot Shape: Rectangular Land Lease Fee:
Lot Depth (Ft): 162.00
Licen Dwelling:
Area Influences: Golf, Greenbelt/Conservation, Highway Access, Hospital, Library, Open Spaces, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, Schools, Shopping Nearby Topography: Fronting: North Interior
Interior Feat: Separate Hydro Meters, Water Softener
Security Feat: Other
Basement: Full Basement, Fully Finished, Separate Entrance
Lot Irregularities: 162.32 ft x 11.53 ft x 42.26 ft x 169.14 ft x 53.5
Assoc Fee/Frequency: /
Comp/Type/Remarks: 2.0% +HST
Under Contract/Month: Hot Water Heater/268.32
Private Remarks: If property is shown by LA or Team Member & an offer is brought by another agent w/that same Buyer or family member, 1%+HST referral is applied out of the coop commission.
Legal: PT LT 2, 5 PL 389 KITCHENER AS IN 707084; KITCHENER
Remarks/Directions
Public: Invest in this Kitchener triplex, ideally situated near the downtown core and just steps from the Kitchener GO Station, connecting seamlessly to Toronto. One of the main floor units is owner-occupied, which presents a unique opportunity to set your own rent and maximize returns on your investment. The upstairs unit has a separate furnace and water heater. Each unit has a separate hydro meter. Laundry facilities are conveniently located in the basement. There are two parking spots available, which provide hassle-free parking. Its strategic location and easy access to public transport and downtown amenities make this triplex an enticing investment opportunity. Don't miss out—schedule a viewing today and capitalize on Kitchener's thriving real estate market!
REALTOR®:There are two furnaces on the same gas meter. Hydro is separate. The panel is 200 amps. The dryer is coinoperated, but the washer is not. The water heaters are electric, but they can be converted to gas. The main electrical panel runs the washer and dryer.
Legal Description: PT LT 2, 5 PL 389 KITCHENER AS IN 707084; KITCHENER Fronting On:
Inclusions: None
Add Inclusions:
Exclusions: Common Interest: Freehold/None
Brkge #: 519-570-4447
Direct #: 519-570-4447
L/SP Cell: 519-807-7146
Occupant Type: Owner Plus Tenant Lot Irregularities: Assoc Fee/Frequency: / Comp/Type/Remarks: 2% Under Contract/Month: / Private Remarks: There are two furnaces on the same gas meter. Hydro is separate. The panel is 200 amps. The dryer is coin-operated, but the washer is not. The water heaters are electric, but they can be converted to gas. The main electrical panel runs the washer and dryer.
Public: Beautiful 3 story century home full of original charm in a desirable midtown neighbourhood, conveniently located within walking distance to three schools, downtown Kitchener, Uptown Waterloo, LRT, GO Train, Google and School of Pharmacy. This legal triplex is a perfect income helper or multi residential investment. The stunning features of the original build have been meticulously maintained with important updates such as stone coated steel roof, plumbing, electrical and breaker boxes. The main floor can be entered through a large covered porch, perfect for spending warm summer days reading outside. Inside the original hardwood flows throughout along with dark wood trim and some decorative original windows and new windows as well. The large, new kitchen and the main floor bath has a large soaker tub. The dining room with original doors and built-ins can double as a den or bedroom. Downstairs is finished with laminate flooring, a bedroom and a 3 pc. bath with walk-in shower and plenty of storage. The second floor has a newly renovated kitchen and bathroom as well as spacious living and bedroom areas, a large pantry and new windows throughout. The upper floor is finished with a new kitchen, updated bathroom with marble tile, and some new windows. A 2nd floor rear balcony is accessible from all floors. The main and second floors can easily be converted back into one living area. Wiring allows for separate metering.
REALTOR®:Cost of insurance is based on short term rental contracts - year-to-year lease would be a lower cost. Washer & dryer in basement "as is", water softener "as is" measurements as per "iguide Tenants require 24 hour notice for showings. Please knock before entering
Other Structures: Shed Winterized: Garage and Parking: , Outside/Surface/Open, Parking Spaces: 4 Driveway Spaces: 4
Garage Sp/Desc: Sewer: Sewer (Municipal)
Water Source: Municipal Water Tmnt:
Lot Size Total/Units:
Lot Front (Ft): 41.50
Acres Range: < 0.5
Lot Depth (Ft): 78.00
Acres Rent:
Licen Dwelling: Yes
Area Influences: Airport, Business Centre, Dog Park, Downtown, Highway Access, Hospital, Library, Park, Place of Worship, Public Transit, Quiet Area, Rec./Community Centre, Schools, Shopping Nearby, Trails
Interior Feat: Upgraded Insulation, Water Softener
Basement: Full Basement, Fully Finished, Cooling: Wall Unit
Heating: Electric, Radiant
Inclusions: Carbon Monoxide Detector, Hot Water Tank Owned, Microwave, Smoke Detector, Window Coverings
Electric Age: 2014
Furnace Age: 2014
Laundry Features: Common Area
Plumbing Age: 2014
Tank Age:
Multi-Residential Information
Furnished:
UFFI: No
Additional Monthly Fees: Financial Information
New Tax Expense: Net Operating:
Insurance: $4,826.52 Income Includes:
Building Insurance: Administrative Fee:
Laundry Rentals: Under Cntrct Mnthly:
Addl Monthly Expense: Prop Mgmt Expense:
Common Elem Fee:
Property Information
Legal Desc: PT LT 410 PL 376 KITCHENER AS IN 1038401; KITCHENER
Zoning: R2B
Assess Val/Year: $335,000/2024
Local Improvements Fee:
Survey: None/
Hold Over Days: 30 PIN: 223180028 PIN 2:
ROLL: 301201000412900
Occupant Type: Tenant
Possession/Date: Other/ Deposit: 70000
Marketing
Showing Requirements: Showing System Showings:
Showing Remarks: 24 hours notice to tenants required to show, occupied by tenant. Please knock before entering Lockbox Type: SentriLock Locbox Loc/Serial#:Front Door/ Brokerage Information
List Date: 09/03/2024
Financing:
Buyer Agency Compensation Remarks: 2%+HST
Expiration Date:
SPIS WWAS:
Int Bearing Bkg Trust Account:Yes
Contact After Expired:No
Special Agreement: No
Assignment Of Listing: HST Applicable to Sale:Included
Representation Type: Designated Representative
Original List Price: $1,149,900.00
List Brokerage: RE/MAX TWIN CITY REALTY INC. Brkge #: 519-579-4110
List Salesperson: COURTNEY ENGLAND-BENDER, Salesperson
Email: courtkatsells@gmail.com L/SP Cell:
519-579-4110
List Brokerage 2: RE/MAX TWIN CITY REALTY INC. Brkge #: 519-579-4110
List Salesperson 2: KATHRINA KASINSKI, Salesperson Direct #: 519-579-4110
Email: kat.kasinski@gmail.com
L/SP2 Cell:
List Brokerage 3: RE/MAX Twin City Realty Inc. Brkge #: 519-579-4110
List Salesperson 3: CINDY CODY, Broker Direct #: 519-579-4110
Email: sold@cindycody.ca
Confidential for REALTORS® Only
Source Board: Cornerstone - Waterloo Region
L/SP3 Cell:
Prepared By: ROY CLEEVES, Broker *Information deemed reliable but not guaranteed.* CoreLogic Matrix
Date Prepared: 09/26/2024 POWERED by itsorealestate ca All rights reserved
Legal Description: PT LT 410 PL 376 KITCHENER AS IN 1038401; KITCHENER
Fronting On:
Inclusions: Carbon Monoxide Detector, Hot Water Tank Owned, Microwave, Smoke Detector, Window Coverings
Add Inclusions:
Exclusions:
Common Interest: Freehold/None
Occupant Type: Tenant
Lot Irregularities:
Assoc Fee/Frequency: / Comp/Type/Remarks: 2%+HST
Under Contract/Month: /
Private Remarks: Cost of insurance is based on short term rental contracts - year-to-year lease would be a lower cost. Washer & dryer in basement "as is", water softener "as is" measurements as per "iguide Tenants require 24 hour notice for showings. Please knock before entering
Public: A purpose-built all-brick well-maintained Triplex with great income. Two three-bedroom and one are twobedroom units. Located in a beautiful residential area of Stanley Park close to schools, just walking distance to grocery shopping, Tim Hortons, Starbucks, KPL, Community Pool, & much more ! Minutes away from 401 Highway. Lower level unit becomes vacant end of August which is an excellent opportunity to be owneroccupied or rent a higher rent. Sufficient outdoor parking.
REALTOR®:Lock box located inside building on railing. Front door are open so please do not lock. Gas Boiler, Hot water heater and water softener are rental equipment.
Directions to Property: OTTAWA/RIVER CROSBY LOCATED NEAR THE CORNER OF OTTAWA AND RIVER ROAD Exterior
Exterior Feat: Balcony, Separate Hydro Meters, Year Round Living
Area Influences: Airport, Greenbelt/Conservation, Highway Access, Library, Park, Place of Worship, Playground Nearby, Public Transit, Quiet Area, School Bus Route, Schools, Shopping Nearby, Other Interior
Interior Feat: Separate Hydro Meters, Water Softener
Security Feat: Carbon Monoxide Detector(s)
Basement: Full Basement, Fully Finished, Separate Entrance, Walk-Out
Cooling: None
Heating: Gas, Radiant
Inclusions: Carbon Monoxide Detector, Smoke Detector, Other
Add Inclusions: 3 stoves, 3 refrigerators
Exclusions: Tenant's belongings
Furnace Age: Tank Age:
Multi-Residential Information
UFFI: No
Under Contract: Hot Water Heater, Other
Lease to Own: Boiler
Laundry Features: Coin Operated, Common Area Additional
Lock box located inside building on railing( easy to see it) Front door are open so please do not lock. Please remove shoes, turn off lights and leave a business card.
Lockbox Type: SentriLock
Sign on Prop: Yes
List Date: 07/29/2024
Brokerage Information
Expiration Date:
Financing: SPIS WWAS:
Locbox Loc/Serial#:See Remarks /1561379
Buyer Agency Compensation Remarks: 2.0%+ HST. If property shown to buyer or related party through listing agent 1.0% of co-operating brokerages commission to be allocated to the listing brokerage.
Assignment Of Listing:
Int Bearing Bkg Trust Account:Yes
Contact After Expired:No
Special Agreement: No
HST Applicable to Sale:Included Representation Type: Designated Representative
Offer Remarks: Offers welcome at any time 24 hours irrevocable on all offers. Form 244 in Supplements, please attached Schedule B with offer.
Legal Description: PT LT 227 PL 1055 KITCHENER AS IN 1205816; S/T 206362; KITCHENER
Fronting On:
Inclusions: Carbon Monoxide Detector, Smoke Detector, Other
Add Inclusions: 3 stoves, 3 refrigerators
Exclusions: Tenant's belongings
Common Interest: Freehold/None
Occupant Type: Tenant
Lot Irregularities:
Assoc Fee/Frequency: /
Comp/Type/Remarks: 2.0%+ HST. If property shown to buyer or related party through listing agent 1.0% of cooperating brokerages commission to be allocated to the listing brokerage.
Under Contract/Month: Hot Water Heater, Other/1,680.00
Private Remarks: Lock box located inside building on railing. Front door are open so please do not lock. Gas Boiler, Hot water heater and water softener are rental equipment.
111-113JOSEPHStreet,Kitchener,OntarioN2G1J3
- Kitchener West/313 - Downtown Kitchener/W.
Recent:
Seller: SEBASTIEN BEACH & MINH HANG BUI
ARN/PIN: 301205000304400 / 224280348
Legal: LT 8 PL 80 KITCHENER
Remarks/Directions
Public: ATTENTION HOME BUYERS AND INVESTORS! Welcome to 111-113 Joseph St., Kitchener in the charming Victoria Park Heritage District where opportunities abound. This legal triplex presents numerous possibilities. Presently with 3 great tenants or consider occupying one unit for yourself while utilizing the other two separately hydro-metered apartments to assist with your mortgage payments. Whether you're looking to support family members, secure a solid investment, or both, this property stands out in burgeoning Downtown Kitchener. But wait, there's more! Benefit from additional income generated by owned solar panels, it’s like having a fourth unit. All current tenants are open to staying. Some of the recent upgrades include… All new Windows (2023), Two New Furnaces (2022), Central Air in Unit 113 (2022) 3 New Tub Surrounds & some Tub Fixtures (2022) All new Electrical Panels (2022) Much of the Front Porch and Upstairs Balcony Replaced (2022) And let's talk location! Situated on quiet, one-way Joseph Street within the charming Victoria Park Heritage District, this property offers the perfect blend of tranquility and urban convenience. Just steps away from Kitchener's picturesque Victoria Park, you'll also find yourself in the heart of the action. Explore downtown Kitchener on foot, with shops, restaurants, nightlife, museums, and cultural venues like the Centre In The Square, all just a short stroll away. If you're part of the high-tech scene, you're in luck – major employers like Google, Communitech, D2L, and more are within walking distance, contributing to Kitchener's exciting transformation. And for further exploration, the LRT connecting downtown Kitchener to Uptown Waterloo, the University of Waterloo, and soon Cambridge is just a 3 to 4-minute walk away.
REALTOR®:Zoning, Assessment and Taxes as per City of Kitchener Website..Square Footage and Measurements taken from iGuide. Floorplan and 2003 City of Kitchener Certificate of Occupancy (Triplex) in Supplements. 113 lease runs until Aug 31, 111A & 111B are Month to Month and all are willing to stay. All 3 units on Separate Hydro Meters, 3 Bedroom Unit (113) on its own Gas Meter, Landlord Pays Gas for both 1 Bedroom Units and pays Water for all 3 Units. (Unit 113 pays $100 toward water.) Solar agreement is $0.802/KW, (which is the highest rate ever given) until May 2031. Solar 2024-$5500, 2023-$5946, 2022-$8000*, 2021-$8500 and 2020-$9000 (varies by number of sunny days) Rented Equipment: 2 X Water Heaters. Note: Both 111A & B do not have In-Suite Laundry. Downed fence belongs to neighbour.
Directions to Property: Ontario Street to Joseph Street, SE of Water Street. Joseph is one-way, park on Richmond Ave. or Water Street
Cross St: Richmond Avenue
Exterior Feat: Deck(s), Porch
Construct. Material: Brick Facing/Brick Veneer
Exterior
Shingles Replaced: 2015 Foundation: Block, Stone
Year Built: 1910
Garage and Parking: , Private Drive Double Wide, Asphalt Driveway
Parking Spaces: 5 Driveway Spaces: 5
Garage Sp/Desc: 0 Spaces Sewer: Sewer (Municipal)
Roof: Asphalt Shingle
Apx Age: 100+ Years
Water Source: Municipal Water Tmnt:
Lot Size Total/Units: 0.149 Acres Acres Range: < 0.5
Lot Front (Ft): 60.00
Lot Depth (Ft): 108.00
Acres Rent:
Licen Dwelling:
Area Influences: Downtown, Highway Access, Hospital, Library, Open Spaces, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Shopping Nearby
Topography: Fronting: South
School District: Waterloo Region District School Board
High School: Kitchener-Waterloo C.I., Resurrection Catholic S.S.
Elementary School: King Edward, St. John
Interior Feat: Separate Hydro Meters, Solar Owned Basement: Full Basement, Unfinished,
Interior
Cooling: Central Air, Other
Heating: Forced Air, Gas
Inclusions: Other
Add Inclusions: TOTAL:3xFridges, 3xStoves, 1 Dishwasher(Unit 113), 1 Washer+1Dryer(Unit 113), Central Air (Unit 113), Solar Panels (Both 1 Bedroom Units : no Laundry no
Exclusions: Tenant Belongings
Electric Age: 2
Furnace Age: 2
Under Contract: Hot Water Heater
Laundry Features: In-Suite, Other
Plumbing Age:
Tank Age: 2
Multi-Residential Information
Furnished:
UFFI: No
Additional Monthly Fees:
Inspection Fire/Date: Yes/ Profit Loss Proforma: Inspection ESA/Date: Financial Information Is: Projected
Financial Information
Assoc Fee: Property Taxes: $4,666.00 Expenses Income
Heating: Rental Income: $53,938.32
Trash: Other: $6,000.00
New Tax Expense: Net Operating:
Insurance: $1,191.00 Income Includes: Utilities: $3,451.00
Building Insurance:
Administrative Fee:
Laundry Rentals: Under Cntrct Mnthly: 45.44
Addl Monthly Expense: Prop Mgmt Expense:
Operating Expense: $11,191.28 Expenses: Estimated
Common Elem Fee:
Legal Desc: LT 8 PL 80 KITCHENER
Zoning: R - 5
Assess Val/Year: $385,000/2023
Property Information
Local Improvements Fee:
Survey: None/
Hold Over Days:
PIN: 224280348 PIN 2:
ROLL: 301205000304400
Occupant Type: Tenant
Possession/Date: Flexible/ Deposit: 50000
Showing Requirements: Showing System Showings:
Showing Remarks:
Marketing
Tenants require a minimum 24 hours notice for showings. Knock first, remove shoes and do not use washrooms. Lockbox located on gas meter, right of porch by driveway. 2 Doors lock automatically, careful not to lock keys inside.
Lockbox Type: SentriLock
Sign on Prop: Yes
List Date: 06/30/2024
Brokerage Information
Expiration Date:
Locbox Loc/Serial#:See Remarks /01549415
Int Bearing Bkg Trust Account:Yes
Financing: Seller To Discharge SPIS WWAS: Contact After Expired:No
Buyer Agency Compensation Remarks: 2.0% + HST
Special Agreement: No
Assignment Of Listing: HST Applicable to Sale:No
Representation Type: Designated Representative
Offer Remarks: Sellers out of town, please allow min. 24 hrs. irrevocable. Include Sched B in supplements.
Original List Price: $1,190,000.00
List Brokerage: Royal LePage Wolle Realty
List Salesperson: JIM O'KANE, Salesperson
Brkge #: 519-747-2040
Direct #: 519-747-2040 Email: jimokane@royallepage.ca L/SP Cell: 519-588-5466
Confidential for REALTORS® Only
Source Board: Cornerstone - Waterloo Region
Prepared By: ROY CLEEVES, Broker
Date Prepared: 09/26/2024
Listing ID: 40612952
List Office Name: Royal LePage Wolle Realty
List Office ID: KW45
List Office Ph/Fax: 519-747-2040/
List Agent Name: JIM O'KANE
List Agent ID: KWKW4649
List Agent Ph/Fax: 519-747-2040/519-747-2081
Seller Name: SEBASTIEN BEACH & MINH HANG BUI
Street #/Name: 111-113/JOSEPH
City: Kitchener
Postal Code: N2G 1J3
County/Municip/Area: Waterloo/3 - Kitchener West Neigh/Subdist/Bldg Nm: 313 - Downtown Kitchener/W. Ward/ Parcel ID/Assess Roll #: 224280348/301205000304400
Legal Description: LT 8 PL 80 KITCHENER
Fronting On: South
Inclusions: Other
Add Inclusions: TOTAL:3xFridges, 3xStoves, 1 Dishwasher(Unit 113), 1 Washer+1Dryer(Unit 113), Central Air (Unit 113), Solar Panels (Both 1 Bedroom Units : no Laundry no
Exclusions: Tenant Belongings
Common Interest: Freehold/None
Occupant Type: Tenant
Lot Irregularities:
Assoc Fee/Frequency: /
Comp/Type/Remarks: 2.0% + HST
Under Contract/Month: Hot Water Heater/45.44
Private Remarks: Zoning, Assessment and Taxes as per City of Kitchener Website..Square Footage and Measurements taken from iGuide. Floorplan and 2003 City of Kitchener Certificate of Occupancy (Triplex) in Supplements. 113 lease runs until Aug 31, 111A & 111B are Month to Month and all are willing to stay. All 3 units on Separate Hydro Meters, 3 Bedroom Unit (113) on its own Gas Meter, Landlord Pays Gas for both 1 Bedroom Units and pays Water for all 3 Units. (Unit 113 pays $100 toward water.) Solar agreement is $0.802/KW, (which is the highest rate ever given) until May 2031. Solar 2024-$5500, 2023-$5946, 2022-$8000*, 2021-$8500 and 2020-$9000 (varies by number of sunny days) Rented Equipment: 2 X Water Heaters. Note: Both 111A & B do not have In-Suite Laundry. Downed fence belongs to neighbour.
Legal: PT LT 35-36, A PL 203 CITY OF WATERLOO; PT LT 439
& 2, 58R4977; S/T & T/W 943368; WATERLOO
Remarks/Directions
Public: PREMIUM UPTOWN WATERLOO! This John Street West, located triplex with an additional basement helper, is ideal for owner-occupied use, investment or multi-generational family living opportunity! Location is everything in real estate, and here we are located perfectly between Belmont Village and Uptown Square. This property offers occupants easy accessibility to all amenities, including the LRT transit, local eateries and boutique shopping, all of which are just a short walk away. Featuring: Dedicated garage and driveway space for each unit (3 garages); Separate hydro meters and separate water meters. Each townhouse-style unit is large and spacious, and as an investor, you'll never experience vacancy here - location, finishes and offerings have attracted long-term AAA tenants! Two units are currently vacant and ready for rent or occupancy!
Projected Gross Rent Income at $93,960/year, giving investors an attractive 5.8% gross cap rate in an ultradesirable location. Contact the listing agent for further details or to book a viewing.
REALTOR®:Occupied units must be shown during showing schedule Monday - Friday 5:00 - 7:00 pm ; Saturday 12- 2 pm . vacant units can be shown anytime.
Licen Dwelling: Area Influences: Highway Access, Hospital, Library, Major Anchor, Park, Playground Nearby, Quiet Area, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby, Trails
Topography: Fronting: South
Interior
Interior Feat: Separate Hydro Meters, Sump Pump, Other Basement: Full Basement, Fully Finished, Separate Entrance
Cooling: None
Heating: Gas, Radiator
Inclusions: Garage Door Opener, Window Coverings
Add Inclusions: 4 Fridges , 4 Stoves all in as is condition.
Exclusions: All Tenant belongings
Multi-Residential Information
Laundry Features: In-Suite Additional Monthly Fees: Financial Information
Assoc Fee: Property Taxes: $9,047.00
Expenses
Building Insurance:
Administrative Fee:
$3,462.00
$2,138.00
$93,960.00
Laundry Rentals:
Under Cntrct Mnthly:
Addl Monthly Expense: Prop Mgmt Expense:
Operating Expense: Expenses: Actual
Common Elem Fee:
Property Information
Local Improvements Fee:
Legal Desc: PT LT 35-36, A PL 203 CITY OF WATERLOO; PT LT 439 PL 248 CITY OF WATERLOO PTS 1 & 2, 58R4977; S/T & T/W 943368; WATERLOO
Private Remarks: Occupied units must be shown during showing schedule Monday - Friday 5:00 - 7:00 pm ; Saturday 12- 2 pm . vacant units can be shown anytime.
Legal: LT 50 PL 385, SAVE & EXCEPT PT 5 ON WR838589
Remarks/Directions
Public: Rare find in Uptown Waterloo. This purpose built rental property comprises 5 - 2 bedroom with den townhome-style suites with terraces and located in the heart of the city. No shared hallways. 66 ft. frontage on King St. S. across from the Sun Life Building. Large renovation completed in 2020 and 2021 including electrical and plumbing. All rad controls in units replaced this July. Suites have been tastefully renovated. Total floor area is 5,784 sf. Boutique building that is unique and sought-after by AAA+ tenants. Walking distance to Allen Station, University of Waterloo, Conestoga College, Grand Valley Hospital and Kitchener Public Library. Flat section of roof is Carlisle 60mil EPDM single-ply membrane fully adhered to mechanical fastened poly-ISO insulation & approx. 10-years old. The sloped section was upgraded with new GAF laminate shingles in 2017. This is a rare opportunity! City Planning Report Available to expand size of the building up to 36 bedrooms. The site is designated Medium Density, 20 metres on Schedule B1 (Height and Density) which permits a maximum height of 20 metres (approximately 6 storeys) and a maximum density of 450 bedrooms per hectare. Based on the site area of 0.08 hectare this translates to a density allowance of approx. 36 bedrooms.
REALTOR®:If property was redeveloped with all studio and one bedroom units this would translate to a permission of 36 units. If the redevelopment proposal included some two-bedroom units the number of permitted units would increase. Hold and enjoy the positive cashflow until you want to develop or hold and sell to a developer as a central key property to the assembly of the two adjacent properties. Water and gas paid by owner. Electrical separately metered and paid by tenant. Two hot water heater units owned. All plumbing, mechanical and electrical drawings attached to listing.
Directions to Property: John St. W. & King St. S.
Cross St: John St. & King St. S.
Exterior
Exterior Feat: Awnings, Balcony, Private Entrance, Separate Hydro Meters
Lot Irregularities: Lot Shape: Rectangular Land Lease Fee:
Lot Front (Ft): 66.00
Lot Depth (Ft): 124.08
Licen Dwelling: Yes
Area Influences: Airport, Downtown, Golf, High Traffic Area, Hospital, Library, Major Anchor, Place of Worship, Public Transit, Regional Mall, School Bus Route, Schools, Shopping Nearby
Topography: Fronting: North
School District: Waterloo Catholic District School Board, Waterloo Region District School Board
High School: Kitchener Waterloo collegiate Elementary School: Elizabeth Ziegler and MacGregor & Our Lady of Lourdes
Interior
Interior Feat: Separate Hydro Meters
Basement: Partial Basement, Unfinished, Walk-Up
Cooling: None
Heating: Gas, Radiator
Inclusions: Garbage Disposal, Hot Water Tank Owned, Smoke Detector
Add Inclusions: All appliances.
Chattels Y/N: Yes Leases Y/N: Yes
Assoc
Maintenance: $564.00 Building Insurance: 420.00
Administrative Fee: Laundry Rentals:
Under Cntrct Mnthly:
Addl Monthly Expense:
Prop Mgmt Expense: $564.00
Operating Expense: $3,721.00 Expenses: Actual
Common Elem Fee: Local Improvements Fee:
Legal Desc: LT 50 PL 385, SAVE & EXCEPT PT 5 ON WR838589
Zoning: U2 20
Assess Val/Year: $835,000/2024
Survey: None/
Hold Over Days: 60 PIN: 224150188 PIN 2:
ROLL: 301602090004900
Possession/Date: Flexible/2024-10-01
Showing Requirements: Other Showings:
Occupant Type: Tenant
Deposit: 75000
Marketing
Showing Remarks: Listing Broker must be present for showings. Tenanted property requires 48-hour notice. Lockbox Type: Other Locbox Loc/Serial#:/ Sign on Prop: No
List Date: 08/15/2024
Brokerage Information
Expiration Date:
Financing: Clear SPIS WWAS:
Buyer Agency Compensation Remarks: 2.5%
Int Bearing Bkg Trust Account:Yes
Contact After Expired:No
Special Agreement: No
Assignment Of Listing:No HST Applicable to Sale:Yes
Representation Type: Designated Representative
Offer Remarks: Contact Listing Broker before preparing Offer.
Original List Price: $2,195,000.00
List Brokerage: Chestnut Park Real Estate Limited, Brokerage
Legal Description: LT 50 PL 385, SAVE & EXCEPT PT 5 ON WR838589
Fronting On: North
Inclusions: Garbage Disposal, Hot Water Tank Owned, Smoke Detector
Add Inclusions: All appliances.
Exclusions:
Common Interest: Freehold/None
Occupant Type: Tenant
Lot Irregularities:
Assoc Fee/Frequency: / Comp/Type/Remarks: 2.5%
Under Contract/Month: /
Private Remarks: If property was redeveloped with all studio and one bedroom units this would translate to a permission of 36 units. If the redevelopment proposal included some two-bedroom units the number of permitted units would increase. Hold and enjoy the positive cashflow until you want to
develop or hold and sell to a developer as a central key property to the assembly of the two adjacent properties. Water and gas paid by owner. Electrical separately metered and paid by tenant. Two hot water heater units owned. All plumbing, mechanical and electrical drawings attached to listing.
