19 Wilton Place Kitchener, Ontario - MLS#: X8342036
$699,990
Attention Investors!!! Great Opportunity To Own This Income Producing Duplex In The Heart Of The City, Lovely Village Feeling, Quiet W/Great Privacy Location At The End Of The Street, While Very Convenient With Easy Access To Everything, Steps To Downtown Centre Office Buildings, Business Centre, Market And Shops, KWC Rapid Light Rail Transit. Short Walk To Fast Growing High Tech Hub, Google Head Office, The Tannery Building, The Future Regional Transit Hub. Large Parking Lot, Bsmt Laundry & Storage, Upstair Nice 2 Bedroom Unit W/Huge Attic Space (potential one to two beds) & A Nice Patio, potential 2 Bachelor Units or one large one bedroom unit On The Ground Floor, Carpet Free. Great Income Producing. New owner can choose to live in one unit and have the second unit tenants pay for your mortgage, or rent out both units with rental income of $5,000+/m. Downtown Core Zoning W/Huge Potential For Future Development. Many condos are being built in the area, huge land value appreciation!!! Don't Miss Out!!! **** EXTRAS **** New HE Furnace June 2018. Hot Water Tank Owned. Steps to 2 great college campus: Conestoga College & McMaster University Health Sciences Campus, high demand rental market with endless sources of tenants. (id:51158)
Are you looking for a lucrative investment opportunity in the vibrant city of Kitchener? Look no further than this income-producing duplex located at 19 Wilton Place. This property presents a unique chance for investors to capitalize on its prime location and potential for future development.
Situated at the end of a quiet street, this duplex offers a serene village atmosphere while providing easy access to all the amenities of the city. You’ll be within walking distance of downtown office buildings, business centers, markets, shops, and the KWC Rapid Light Rail Transit. Additionally, the property is conveniently located near the rapidly growing high-tech hub, including the Google head office, The Tannery Building, and the future Regional Transit Hub.
The property features a large parking lot, basement laundry, and storage facilities. The upstairs unit boasts two bedrooms and a spacious attic that could potentially be converted into one to two additional bedrooms. The ground floor offers the opportunity to create two bachelor units or one large one-bedroom unit, both of which are carpet-free.
With a potential rental income of $5,000 or more per month, this duplex promises great returns for the savvy investor. Whether you choose to live in one unit and have the second unit’s rental income cover your mortgage, or rent out both units for passive income, this property offers a sound investment opportunity.
The property is zoned for downtown core development, indicating significant potential for future growth and appreciation in land value. With numerous condominiums under construction in the area, this is an investment opportunity you won’t want to miss.
Key features of the property include a new high-efficiency furnace installed in June 2018 and an owned water heater tank. The duplex is ideally located near two prestigious college campuses – Conestoga College and McMaster University Health Sciences Campus – ensuring a high demand rental market with a steady influx of potential tenants.
Don’t miss out on this exceptional opportunity to own a lucrative income-producing duplex in a prime location with endless possibilities for future development. Contact us today to schedule a viewing and secure your investment in the thriving city of Kitchener.
⚡⚡⚡ Disclaimer: While we strive to provide accurate information, it is essential that you to verify all details, measurements, and features before making any decisions.⚡⚡⚡
📞📞📞Please Call me with ANY Questions, 416-477-2620📞📞📞
Property Details
| MLS® Number | X8342036 |
| Property Type | Single Family |
| Amenities Near By | Public Transit, Place Of Worship |
| Features | Cul-de-sac, Carpet Free |
| Parking Space Total | 5 |
About 19 Wilton Place, Kitchener, Ontario
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Window Coverings |
| Basement Development | Unfinished |
| Basement Features | Separate Entrance |
| Basement Type | N/a (unfinished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Type | Duplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit, Place Of Worship |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 45 Ft |
| Size Irregular | 45 X 100 Ft |
| Size Total Text | 45 X 100 Ft |
| Zoning Description | D-5 |
Utilities
| Cable | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/26899444/19-wilton-place-kitchener
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July 09 2024 05:22:30
Toronto Real Estate Board
Bay Street Group Inc.