38 LINDEN Avenue , Kitchener

5 Bed / 2 Bath / $549,900 / MLS® Listing #:40092215

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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:10452)

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Property Details

Property Type Multi-family
Square Feet
Maintenance N/A
Days On Our Website 16
Basement Finished - Full (Finished)
Lot Dimensions under 1/2 acre
Pool N/A
Area Kitchener
Air Conditioning Central air conditioning
Heating Natural gas - Forced air
Exterior Brick
Parking Spaces 4
Parking Type Detached Garage,Detached Garage
Sewers Municipal sewage system
Water Municipal water

Listing Office: PEAK REALTY LTD.

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