Discover a prime investment opportunity in Victoria Hills with this all-brick, purpose-built Triplex. Nestled close to downtown Kitchener, this property enjoys proximity to Grand River Hospital, Victoria Park, city trails, and various shopping destinations, ensuring it is always in high demand. This Triplex consists of spacious apartments—two 3-bedroom units and one 2-bedroom unit. Each featuring private balconies and ample living spaces that promise comfort and convenience for tenants.
The lot is beautifully landscaped, enhancing the curb appeal and overall desirability of the property. With separate hydro meters for each unit and four dedicated parking spaces, operational ease is maximized. The financial upside is evident with current rents of $865, $966, and $2,100, showcasing significant potential for growth in rental income and market value. Proforma attached to show the potential ! Additionally, the owner has had Blueprints completed for an additional 2 apartments at the rear of this property. Please check out the RES-6 zoning with the City of Kitchener for a future of possibilities with this property !These opportunities could provide substantial income and growth for generations to come. Seize this unique opportunity to expand your portfolio in a key location! Property being sold " As Is " Where is".
Property Type:
Residential Income
Property SubType:
Multi-3 Unit
Year built:
1970
(Age: 55)
Listing General Location:
323 - Victoria Hills, 3 - Kitchener West
Bedrooms:
8
Bathrooms:
3.0
(Full:-/Half:-)
Lot Details:
147.43 x 77.56
Lot Depth:
147'5"44.9 m
Lot Frontage:
77'7"23.6 m
Lot Shape:
77.56X147.43X26.93X32.74X50X114.84
Kitchens:
0
County Or Parish:
Waterloo
Features:
Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
Construction:
Brick
Basement:
Partial, Partially Finished
Foundation:
Poured Concrete
Roof:
Asphalt Shing
Year Roof Replaced:
2019
Number of Storeys:
2
Number of Buildings:
0
Other Structures:
Shed(s)
Total Floor Area:
2,174 sq. ft.202 m2
Finished Area Above Grade:
2,174 sq. ft.202 m2
Fireplace:
false
Laundry Features:
Coin Operated
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
Other
Heating:
Forced Air, Natural Gas
Age Furnace:
2019
Age Tank:
2024
Smoke Detector,Stove X 3, Fridge X 3, Shed, Water Softener, Coin Operated Washer And Dryer All Sold " As Is , Where Is"
Dryer, Washer
Tenants Belongings
Separate Hydro Meters
Balcony, Landscaped, Private Entrance
false
No
Westmount Rd to Brybeck
No
Smoke Detector
HST Applicable To Sale Price:
No
Features:
Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
Insurance Expense:
$4,200
Expenses:
Actual
Utilities Expense:
5760
Laundry Income:
$240
Net Income:
$31,174
Leases:
Yes
Under Contract Costs Monthly:
$30.00
Zoning:
RES-6
Lot Site Features:
Irregular Lot, City Lot, Highway Access, Hospital, Park, Playground Nearby, Public Parking, School Bus Route, Schools, Trails
Features:
Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
Data was last updated May 2, 2025 at 01:50 PM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$1,075,000
Min list price:
$599,900
Max list price:
$4,195,000
Avg days on market:
43
Min days on market:
2
Max days on market:
213
Avg price per sq.ft.:
$401.11
These statistics are generated based on the current listing's property type
and located in
3 - Kitchener West. Average values are
derived using median calculations.