35 Shaftsbury Drive Kitchener, Ontario N2A 1N4

$1,099,000

6% CAP RATE! PURPOSE-BUILT THREE-UNIT PROPERTY IN LACKNER WOODS! This cash-flowing gem brings in approximately $7,000 per month in rental income, offering a 6% cap rate and around $1,000 per month in positive cash flow. Featuring two spacious 3-bedroom units (1,150 sq ft each) and a bright, updated 1-bedroom lower-level unit, this property is ideal for investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit has been thoughtfully updated with granite countertops, open-concept layouts, vinyl flooring, and access to outdoor spaces including private balconies, a private patio, and a shared backyard. The basement unit offers a new kitchen and plenty of natural light. Tenants pay all utilities, and each unit has separate hydro meters and its own private driveway. Additional highlights include a full 2-car garage, parking for 4 more vehicles in the main driveway, and a new 2024 driveway for 2 extra cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). Located steps from shopping, parks, schools, and amenities, this turn-key investment blends income potential, location, and modern comfort. (id:42776)

Property Details

MLS® Number	X12475532
Property Type	Multi-family
Parking Space Total	7

Building

Bathroom Total	3
Bedrooms Above Ground	6
Bedrooms Below Ground	1
Bedrooms Total	7
Age	51 To 99 Years
Amenities	Separate Electricity Meters
Appliances	Dryer, Water Heater, Stove, Washer, Refrigerator
Basement Development	Finished
Basement Type	N/a (finished)
Cooling Type	Wall Unit
Exterior Finish	Brick
Foundation Type	Concrete
Heating Fuel	Natural Gas
Heating Type	Radiant Heat
Stories Total	2
Size Interior	2,000 - 2,500 Ft2
Type	Duplex
Utility Water	Municipal Water

Parking

Attached Garage
Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	111 Ft
Size Frontage	65 Ft
Size Irregular	65 X 111 Ft
Size Total Text	65 X 111 Ft|under 1/2 Acre
Zoning Description	Res-4

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Bedroom	2.88 m	4.24 m	2.88 m x 4.24 m
Second Level	Primary Bedroom	4.57 m	2.89 m	4.57 m x 2.89 m
Second Level	Bedroom 2	3.52 m	2.63 m	3.52 m x 2.63 m
Second Level	Bathroom	2.84 m	1.98 m	2.84 m x 1.98 m
Second Level	Kitchen	2.86 m	2.36 m	2.86 m x 2.36 m
Second Level	Living Room	3.48 m	4.69 m	3.48 m x 4.69 m
Second Level	Dining Room	3.96 m	3.74 m	3.96 m x 3.74 m
Basement	Bedroom	3.37 m	5.56 m	3.37 m x 5.56 m
Basement	Kitchen	3.92 m	2.1 m	3.92 m x 2.1 m
Basement	Bathroom	3 m	3 m	3 m x 3 m
Basement	Utility Room	4.08 m	2.35 m	4.08 m x 2.35 m
Main Level	Bathroom	2.86 m	1.97 m	2.86 m x 1.97 m
Main Level	Kitchen	2.86 m	2.38 m	2.86 m x 2.38 m
Main Level	Dining Room	2.97 m	3.72 m	2.97 m x 3.72 m
Main Level	Living Room	3.34 m	4.65 m	3.34 m x 4.65 m
Main Level	Bedroom	2.86 m	4.2 m	2.86 m x 4.2 m
Main Level	Primary Bedroom	4.48 m	2.86 m	4.48 m x 2.86 m
Main Level	Bedroom 2	3.4 m	2.71 m	3.4 m x 2.71 m

https://www.realtor.ca/real-estate/29018080/35-shaftsbury-drive-kitchener