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$1,099,000
35 SHAFTSBURY DRIVE
Kitchener, Ontario, Ontario, N2A1N4
MLS® Number: X12475532
Property description
6% CAP RATE! PURPOSE-BUILT THREE-UNIT PROPERTY IN LACKNER WOODS! This cash-flowing gem brings in approximately $7,000 per month in rental income, offering a 6% cap rate and around $1,000 per month in positive cash flow. Featuring two spacious 3-bedroom units (1,150 sq ft each) and a bright, updated 1-bedroom lower-level unit, this property is ideal for investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit has been thoughtfully updated with granite countertops, open-concept layouts, vinyl flooring, and access to outdoor spaces including private balconies, a private patio, and a shared backyard. The basement unit offers a new kitchen and plenty of natural light. Tenants pay all utilities, and each unit has separate hydro meters and its own private driveway. Additional highlights include a full 2-car garage, parking for 4 more vehicles in the main driveway, and a new 2024 driveway for 2 extra cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). Located steps from shopping, parks, schools, and amenities, this turn-key investment blends income potential, location, and modern comfort.
Building information
Type
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Age
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Amenities
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Appliances
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Basement Development
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Basement Type
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Cooling Type
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Exterior Finish
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Foundation Type
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Size Interior
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Stories Total
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Utility Water
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Land information
Sewer
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Size Depth
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Size Frontage
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Size Irregular
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Size Total
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Rooms
Main level
Bedroom 2
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Primary Bedroom
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Bedroom
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Living room
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Dining room
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Kitchen
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Bathroom
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Basement
Utility room
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Bathroom
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Kitchen
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Bedroom
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Second level
Dining room
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Living room
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Kitchen
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Bathroom
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Bedroom 2
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Primary Bedroom
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Bedroom
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Courtesy of Forest Hill Real Estate Inc.
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