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115 ROXBOROUGH Avenue, Kitchener — listed at $875,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Are you looking for a solid, turnkey investment in Kitchener-Waterloo? An income-producing property with a projected CAP rate over 5.5%? Anchored by a core location with proximity to retail and hospitals? Presenting 115 Roxborough Avenue, a classic red-brick Tri-plex comprised of three spacious two-bedroom units. Savvy investors will recognize that this property has all the amenities needed to attract top tenants and achieve market rents. The large units feature classic finishes like oak trimwork and spacious eat-in kitchens. There is plenty of on-site parking up to 6 spaces. A large lot offers the potential for densification, investors may consider adding an additional dwelling unit (ADU) for added income. Two units are vacant, ready for market rents and for the new landlord to establish tenancies of their choosing. Conveniently located near retail and shopping amenities just a block away, including public transit. The expressway and downtown Kitchener are less than a 10-minute drive. This property has been impeccably maintained. Contact us for a list of property upgrades or to receive a ProForma outlining income and expense projections. (id:60164)
How is the home heated? Is it efficient?+
Heating is natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,638.05, heating is natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
This home was built in 1956 — what should I watch for?+
Homes from this era may have original wiring, plumbing, or insulation. Key checks: electrical panel (100 vs 200 amp), roof age, furnace age, and whether the basement has ever had water issues. A thorough home inspection is essential.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 6 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Does it have a basement, and is it finished?+
Yes — Finished, Full. A finished basement adds meaningful living space beyond the listed square footage.
What's the parking situation?+
This property includes 6 spaces — Open.
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