253 Sydney Street South, Kitchener, N2G3V8

Home Overview

Description

THE UNICORN! Purpose Built Duplex With Accessory/In-Law Suite! 100% VACANT POSSESSION ON CLOSING! Stop fighting old leases and inherited tenants. 253 Sydney St S is a solid brick, purpose-built Legal Duplex + finished basement accessory suite offering the ultimate "Blank Slate" in Kitchener's desirable Rockway neighborhood. THE OPPORTUNITY: Set your own market rents from Day 1. Perfect for Investors, House-Hackers, or Multi-Generational families. UNIT BREAKDOWN: MAIN UNIT: Vacant. 2-Bed, 1-Bath or 3-Bed. 2-Bath (with in-law suite together). Features backyard access, in-suite with laundry, and a 1-car garage. UPPER UNIT: Vacant. 2-Bed, 1-Bath. Features in-suite laundry and dedicated carport parking. LOWER LEVEL: 1-Bed, 1-Bath accessory suite with laundry. Ideal for extended family or mortgage helper. THE STRATEGY: INVESTORS: Run your own tenant selection and maximize your Cap Rate immediately. Enjoy value add potential with the existing in-law suite to a legal triplex conversion. HOUSE-HACKERS: Live in one unit and let the other two pay your mortgage! MULTI-GENERATIONAL: Separate kitchens, separate laundry, and separate entrances-keep the family close with total privacy. THE LOCATION: Commuter's dream. Seconds to Hwy 7/8 Expressway, the LRT, Rockway Golf Course, and Downtown Kitchener's Tech Hub. MECHANICS: Separately metered Hydro between Upper and the Main/Lower units. Gas/Water shared on single meter. Purpose-built multi-unit properties with FULL VACANT POSSESSION premium assets are incredibly rare. Why wait for the next opportunity while the unicorn is right here! (id:39198)

51 days

On Market

Multi-family

Property Type

$1,635 / Year

Est. Taxes

$0 / Month

Maint. Fees

-

Locker

-

Year Built