38 Linden Avenue Kitchener, Ontario N2G 2A5
$499,000
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). (id:39993)
Property Details
| MLS® Number | 40092215 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools |
| Community Features | School Bus |
| Features | Park Setting, Park/reserve, Golf Course/parkland, Sump Pump |
| Parking Space Total | 4 |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 5 |
| Appliances | Microwave, Water Softener |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1905 |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fire Protection | None |
| Fireplace Present | No |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Highway Access, Highway Nearby |
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 67 Ft |
| Size Frontage | 44 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R5 |
https://www.realtor.ca/real-estate/23024878/38-linden-avenue-kitchener
Interested?
Contact us for more information
Daniel Lambkin
Salesperson
410 Conestogo Rd.#210
Waterloo, Ontario N2L 4E2
(519) 747-0231
Seth Sieunarine
Salesperson
410 Conestogo Rd.#210
Waterloo, Ontario N2L 4E2
(519) 747-0231
John G. Wilton
Salesperson
forahome.ca
410 Conestogo Rd.#210
Waterloo, Ontario N2L 4E2
(519) 747-0231
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Kitchener-Waterloo Association of REALTORS®
Peak Realty Ltd.
April 06 2021 06:56:35
