31 Bingeman Street, Kitchener, ON
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of Kitchener. Expertly crafted featuring premium brick and aluminum siding construction, this residence presents an exceptional opportunity offered at $999,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 7 Bedrooms and 4 Bathrooms with 3 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 66 x 136 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 9.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- equipped with central air, other central cooling and highly efficient forced air heating via gas
Description
Looking for a mortgage helper, turnkey income property, long-term investment, development opportunity or triple garage right in the heart of Kitchener? Then 31 Bingeman is worth exploring! This well-maintained triplex offers three large, bright and spacious units with attractive layouts that appeal to both owners and tenants alike. Live in one unit - offset the mortgage with the other 2! Each unit is separately metered for hydro, plus huge detached garage with hydro too- great for workshop, extra vehicles, additional rental income, hobby space, potential storage, etc - so many possibilities! In addition to a great house-hack opportunity, savvy investors will love this for a stable multi-residential property in a growing market. Situated on a large 8,999 sq ft lot, the property offers tons of parking, and long-term upside as the city continues to grow. For those seeking larger development potential and income - let your imagination fly! The generous lot size also presents potential future opportunities such accessory dwelling unit/sever and multiplex/ further residential development etc. Located close to transit, shopping, restaurants, key amenities. Just around the corner from Centre in the Square and Kitchener public Library, quick walk to LRT City Hall Station and Brubacher Green Park. This versatile property offers good current income with exciting future potential. Must see!
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Pricing & Value Insights
Data-driven valuation for 31 Bingeman Street, Kitchener, ON N2H 2R7
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About Purchasing a Home in Kitchener, ON
For a property listed at $999,000 in Kitchener, the legal minimum down payment is $74,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $16,455 for this transaction. As this listing is in Kitchener (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $16,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.