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38 Linden Avenue Kitchener, Ontario N2G 2A5

5 Bedroom 2 Bathroom
Central Air Conditioning Forced Air

$499,000

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:36631)

Property Details

MLS® Number 40092215
Property Type Multi-family
Amenities Near By Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools
Community Features School Bus
Features Park Setting, Park/reserve, Golf Course/parkland, Sump Pump
Parking Space Total 4

Building

Bathroom Total 2
Bedrooms Total 5
Appliances Microwave, Water Softener
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1905
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick
Fire Protection None
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Utility Water Municipal Water

Parking

Detached Garage

Land

Access Type Highway Access, Highway Nearby
Acreage No
Land Amenities Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 67 Ft
Size Frontage 44 Ft
Size Total Text Under 1/2 Acre
Zoning Description R5

https://www.realtor.ca/real-estate/23024878/38-linden-avenue-kitchener

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