$ 699,000
8 Onward AVE Kitchener, ON N2H 3J7
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 699,000
Est. payment /mo
Price Dropped by $26K
8 Onward AVE Kitchener, ON N2H 3J7
4 Beds
3 Baths
UPDATED:
10/21/2024 05:26 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X9363517
Style 1 1/2 Storey
Bedrooms 4
Annual Tax Amount $4,123
Tax Year 2024
Property Description
Welcome to 8 Onward Ave, a 3-unit home ideal for multi-family or multi-generational living. Situated on a large lot in the desirable East Ward, this property offers a great investment opportunity with its 3 units. There's potential for expansion by adding an addition, extending into the attic, or even building a garden suite. The home has a convenient side entrance, parking for up to 4 vehicles, and a new back deck that provides access to the two upper units. The main floor and basement units are currently tenanted, offering immediate rental income, while the upper floor is vacant and ready for new occupants. Located in a highly walkable neighborhood, its just steps from the ION LRT, downtown Kitchener, trendy cafes, parks, shopping, and the farmers market. Nearby are the AUD auditorium, Sheppard and Cameron Heights schools, and Rockway Golf Course. Commuters will appreciate quick access to major highways. The property next door, 12 Onward Ave, is also for sale, offering a rare chance to acquire both homes, creating a unique multi-generational compound or development potential. The combined lots offer room for further development, whether by expanding existing structures or adding new amenities. This is a unique opportunity to secure a triplex and the option of the adjacent property in a thriving community. Ask the listing agent about upcoming by-law changes that will allow for even more density options!
Location
Province ON
County Waterloo
Zoning R5
Rooms
Family Room No
Basement Apartment, Finished with Walk-Out
Kitchen 3
Interior
Interior Features Water Softener
Cooling Central Air
Inclusions 3 Refrigerator, 3 Stove, 3 Freezer, Microwave, Washer, Dryer, Dishwasher, Window Coverings, All Electrical Light Fixtures
Exterior
Garage Private
Garage Spaces 5.0
Pool None
Roof Type Asphalt Shingle
Parking Type None
Total Parking Spaces 5
Building
Foundation Poured Concrete
Listed by CHESTNUT PARK REALTY SOUTHWESTERN ONTARIO LTD.