$549,900

38 Linden Avenue

Kitchener ON, N2G 2A5

Description

38 Linden is going to be a great investment for a savvy buyer. The home is vacant, the buyer picks their own tenants. Not walking into someone elses problems. It is R5 Zoning. The Cap rate based on information from the seller is 5.6%. A realistic projected Cap rate is 6.5%. Rare to find those returns in this real estate market. Ask listing agent for calculation sheet. All 5 Bedrooms available to be rented are ABOVE GRADE. A finished basement with a 3 pc bathroom allows for even more potential income. That potential income was not included in Cap Rate calculations. The location means it will be easy to find tenants. A five-minute walk from the Waterloo School of Pharmacy and the McMaster School of Medicine Kitchener Campus. Close to Conestogo college downtown campus and Google. It is a short ride on the LRT to the University of Waterloo and Wilfred Laurier University. And the location has many amenities. It is a short walk to Belmont Village where your tenants can enjoy dining at el fresco as well as numerous other restaurants, cafes, and boutiques, not to mention steps from Victoria Park. Roof (2012) furnace (2012) Windows (2019) floors (2019).

Details

MLS#40092215
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1905
Days On Site17

Features

Units5
Building(s)1
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Area Information
ProvinceON
CountyWaterloo
CityKitchener
Postal CodeN2G 2A5
Area3 - Kitchener West
Listing VS Median (in N2G 2A5)
Price:
$549,900
low | high
Med:
$549,900
50% of Average
On Site:
17
low | high
Med:
17
100% of Average
Sourced by Back At You
Listing Updated: April 22, 2021 8:00:46 PM PDT
DANIEL LAMBKIN LogoMLS Number: 40092215
Listing Provided By:
DANIEL LAMBKIN  of  PEAK REALTY LTD.
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