$775,000

121 Patricia Avenue

Kitchener ON, N2M 1J5

Description

ALL UNITS OCCUPIED. One Unit has 5 bedrooms; One Unit has 3 bedrooms; One unit has 1 bedroom. Excellent opportunity for the motivated investor. Net Operating Income of $43,095.78. Gross Income of $54,300.00. Cap Rate of 5.6%. This fully leased Triplex is centrally located to the downtown Kitchener Tech Center, a 5 minute drive to Google, close to schools, shopping, transit, hospital and easy access to the Highway. This property comes with Three (3) Hydro Meters and Three (3) Water Heaters with one (1) being owned. This is an excellent opportunity also to live in one unit and have the two units pay the mortgage. There is ample parking (9). Lease Agreements in place, , Financials are available, so please reach out to the Listing Rep. Landlord pays Water, tenants pay other utilities.

Details

MLS#40043348
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1953
Days On Site14

Features

Units3
Building(s)1
Loading Form
Loading Form
Area Information
ProvinceON
CountyWaterloo
CityKitchener
Postal CodeN2M 1J5
Area3 - Kitchener West
Listing VS Median (in N2M 1J5)
Price:
$775,000
low | high
Med:
$775,000
50% of Average
On Site:
14
low | high
Med:
14
100% of Average
Listing Updated: November 24, 2020 8:00:39 PM PST
MARGARET YONG PING LogoMLS Number: 40043348
Listing Provided By:
MARGARET YONG PING  of  ROYAL LEPAGE GRAND VALLEY REALTY
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.