35 SHAFTSBURY DRIVE, Kitchener, Ontario

$1,199,900

7 Beds
3 Baths

6% CAP RATE! PURPOSE-BUILT THREE-UNIT property located in the sought-after Lackner Woods neighbourhood of Kitchener. This cash-flowing gem brings in $7,000 per month in rental income, offering a 6% cap rate and approximately $1,000/month in positive cash flow! Featuring two massive 3-bedroom units at 1,150 sq ft each, and a bright, updated 1-bedroom lower-level unit, this property is ideal for both investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit is thoughtfully updated and includes new granite countertops, open-concept layouts, vinyl flooring, and access to outdoor spaces including private balconies, a private patio, and a shared backyard. The basement unit has a new kitchen and plenty of natural light. Tenants pay all utilities including hydro, and each unit has separate hydro meters along with its own driveway for private parking. The property also boasts a full 2-car garage, parking for 4 more vehicles in the main driveway, plus a brand-new driveway (2024) for an additional 2 cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). This turn-key investment property is walking distance to shopping, parks, schools, and amenities making it the perfect blend of location, income, and lifestyle. (id:56241)

Listing ID: X12073669
Property Type: Multi-family

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Rooms

Level	Type	Dimensions
Bedroom	Second level	2.88 m x 4.24 m
Primary Bedroom	Second level	4.57 m x 2.89 m
Bedroom 2	Second level	3.52 m x 2.63 m
Bathroom	Second level	2.84 m x 1.98 m
Kitchen	Second level	2.86 m x 2.36 m
Living room	Second level	3.48 m x 4.69 m
Dining room	Second level	3.96 m x 3.74 m
Bedroom	Basement	3.37 m x 5.56 m
Kitchen	Basement	3.92 m x 2.1 m
Bathroom	Basement	3 m x 3 m
Utility room	Basement	4.08 m x 2.35 m
Bathroom	Main level	2.86 m x 1.97 m
Kitchen	Main level	2.86 m x 2.38 m
Dining room	Main level	2.97 m x 3.72 m
Living room	Main level	3.34 m x 4.65 m
Bedroom	Main level	2.86 m x 4.2 m
Primary Bedroom	Main level	4.48 m x 2.86 m
Bedroom 2	Main level	3.4 m x 2.71 m

Details

Parking Spaces: 7
Transaction: For sale
Zoning Description: RES-4

Building

Amenities: Separate Electricity Meters
Appliances: Dryer, Water Heater, Stove, Washer, Refrigerator
BasementType: N/A (Finished)
Basement Development: Finished
Bedrooms Main Level: 6
Bedrooms Lower Level: 1
Cooling: Wall unit
Exterior Finish: Brick
Fireplace Present: False
Foundation: Concrete
Bathrooms (Total): 3
Heating: Radiant heat
Heating Fuel: Natural gas
Size Interior: 2000 - 2500 sqft
Stories Total: 2
Type: Duplex
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 65 ft
Size Irregular: 65 x 111 FT

Listing provided by Forest Hill Real Estate Inc.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 35 SHAFTSBURY DRIVE in Kitchener Ontario. It was last modified on April 10th, 2025. Contact us to schedule a viewing or to discover other Kitchener real estate for sale.

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