Property Information:

Purpose-Built Triplex in the Belmont Village, Waterloo High Tech Hub!! This upgraded triplex in a quiet and desirable neighborhood steps from KW's high-tech community, offering exceptional income potential in a highly desirable location. Purpose-built and thoughtfully designed, the property features two spacious 2-bedroom units, each with private entrances, as well as a bright and generously sized 1-bedroom lower unit with abundant natural light. The upper and middle units also feature a walkout balcony, adding to their appeal. Each unit is separately metered for hydro, with an additional common meter and a shared laundry facility to streamline operations. All units will be vacant on closing, providing the flexibility to set market rents and maximize returns from day one. There is also parking for approximately six vehicles, offering excellent convenience for tenants or future owners. Extra shed in the parking lot for extra storage! Recent upgrades include updated flooring, new roof shingles (2019), ensuring low ongoing maintenance and long-term value. Ideally located near transit, parks, hospitals, and major amenities, this triplex is VACANT and a strong income generator in a thriving and desirable neighbourhood. Don't miss this is low-risk, high-reward investment opportunity with lasting potential! (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 2076 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None

Property Features:

Property Type: Multi-family
Bedrooms: 5
Bathrooms: 1
Floor Space (approx): 2076 Square Feet
Irregular: Yes
Lot Depth: 120 Feet
Lot Frontage: 57.2 Feet
Lot Size: Bldg=57.21 x 120 FT
Zoning: Triplex - residential
No. of Parking Spaces: 6

Courtesy of: UPPERSIDE REAL ESTATE LIMITED

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Demographic Information of 7 BALMORAL DRIVE, Kitchener, Ontario, N2M 2J7

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$89,988.99

Average Number of Children

1.90

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.49 %

High school certificate or equivalent

29.6 %

Apprenticeship trade certificate/diploma

3.53 %

College/non-university certificate

15.01 %

University certificate (below bachelor)

1.71 %

University Degree

27.65 %

Commuter

Travel To Work

By Car

83.04 %

By Public Transit

9.78 %

By Walking

6.52 %

By Bicycle

0.0 %

By Other Methods

0.66 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

65.15 %

Houses

34.85 %

7 BALMORAL DRIVE, Kitchener, Ontario, N2M 2J7