Open New Doors Real Estate
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$875,000

35 Silver Aspen Crescent

Kitchener, N2N1H5

7 bd5+1 baDetachedListed 2 months agoExplore Forest Heights →

Listed by Kingsway Real Estate · MLS® X13718774

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About this home

Incredible turnkey investment opportunity. A Fully Renovated Legal Duplex located in a desirable Forest Heights, Kitchener neighborhood. 4 spacious bedrooms with 2 washrooms on the Main Floor. 3 bedrooms Legal Basement apartment with separate entrance and 3 ensuite washrooms. Total living floor area of 1,892 square feet including the basement. Thousands spent on the renovations approx. $200K plus. Both units are beautifully designed with high-end finishes, including luxury vinyl flooring, appliances and separate in-suite laundries for both units on the main floor and the basement. Seeing is believing. New floors, New washrooms, New furnace, New AC, New water heater and many many more. Extended new driveway approved by the city which can accommodate 3 vehicles. The old aluminum wiring is replaced with new copper wiring in the whole house. The gas line was replaced from road to the property spent approx. $5K. New front raised concrete porch spent approx. $7K. All brick bungalow in desirable Forest Heights, Kitchener neighborhood close to all amenities, shopping, and schools. 3 season sunroom, garden shed, fenced backyard, and large single garage. Silver Aspen is a prime rental location that will always attract great tenants as it is close to all universities in waterloo. With a gross potential income of approx.$65,000/annum and minimal expenses, this property is a true wealth-builder. Main floor can be rented for $2800 and basement can also be rented for $2600. Live in one unit while renting out the basement as a mortgage helper, or maximize your portfolio with a fully leased option. Please check the attached layout plans approved by the city.

Details

Style
Bungalow
Storeys
1
Lot
45 x 90 FT
Taxes
$4,504
Parking
4 spaces · Attached Garage, Garage
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Basement
Apartment in basement, Separate entrance, N/A, N/A
Exterior
Brick
Flooring
Vinyl
Water
Municipal water
Sewer
Sanitary sewer
Ownership
Freehold

Rooms

LevelRoomSize
Ground levelLiving room
BasementBedroom
BasementBedroom
Ground levelDining room
Ground levelKitchen
Ground levelPrimary Bedroom
Ground levelBedroom 2
Ground levelBedroom 3
Ground levelBedroom 4
BasementLiving room
BasementDining room
BasementBedroom

Location

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