
88 Woodhaven Road
Kitchener, N2C1V1
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A RARE OPPORTUNITY TO OWN A PROPERTY FEATURING THREE LEGAL UNITS in a friendly, established neighbourhood. Whether you're looking for the perfect multi-generational setup, a mortgage helper, or a turnkey investment, this versatile property offers exceptional flexibility. The main level features a bright, open-concept living and dining area filled with natural light, three generously sized bedrooms, and a full bathroom, creating a comfortable space to call home. The finished lower level is a fully self-contained two-bedroom suite complete with its own kitchen, offering privacy and independence for extended family or rental income. Adding even more value is the detached legal one-bedroom accessory dwelling unit, complete with its own kitchen, bathroom, and in-suite laundry, providing a completely separate living space for family, guests, or tenants. Situated on one of the larger lots in the neighbourhood, measuring approximately 52' x 109', the fully fenced backyard offers generous outdoor space for everyone to enjoy. Ideally located on a quiet street close to schools, parks, shopping, public transit, the ION LRT, and major highways, convenience is right at your doorstep. Recent updates include new flooring throughout, custom built-in cabinetry, a 200-amp electrical service, and an on-demand water heater (2021). Live in the spacious main unit while the two additional legal units help offset a significant portion of your monthly living expenses, create an ideal multi-generational living arrangement where everyone can enjoy their own private space, or take advantage of the property’s full investment potential with projected rental income of approximately $5,600 per month ($67,200 annually). Vendor Take-Back financing is available with a minimum 30% down payment, providing additional flexibility for qualified buyers. With a projected cap rate of over 6%, this is a rare opportunity for both owner-occupiers and investors in today’s market.
Details
- Style
- Bungalow
- Storeys
- 1
- Year built
- 1958
- Living area
- 1,927 square feet
- Taxes
- $5,610
- Parking
- 4 spaces · Detached Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Finished, Full
- Exterior
- Brick Veneer
- Appliances
- Water softener
- Water
- Municipal water
- Sewer
- Municipal sewage system
- Ownership
- Freehold
Features: Community Centre, Paved driveway, Private Yard
Rooms
| Level | Room | Size |
|---|---|---|
| Main level | 3pc Bathroom | |
| Main level | Bedroom | 10'0'' x 9'5'' |
| Main level | Living room | 13'0'' x 7'4'' |
| Main level | Kitchen | 13'0'' x 9'5'' |
| Basement | Laundry room | 8'3'' x 11'8'' |
| Basement | 4pc Bathroom | |
| Basement | Bedroom | 12'11'' x 11'5'' |
| Basement | Bedroom | 17'3'' x 10'7'' |
| Basement | Kitchen | 24'3'' x 11'8'' |
| Main level | 5pc Bathroom | |
| Main level | Bedroom | 11'7'' x 12'1'' |
| Main level | Bedroom | 9'3'' x 9'9'' |
| Main level | Primary Bedroom | 12'8'' x 10'2'' |
| Main level | Kitchen/Dining room | 12'8'' x 21'1'' |
| Main level | Living room | 11'7'' x 18'4'' |
Location
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