This Triplex Building presents an exceptional investment opportunity, offering 3 fully functional units, each with separate entrances and individual access. With VACANT POSSESSION, the new owner has the flexibility to either lease the units for long-term rentals at the market rate or continue the highly successful AIRBNB operation established by the current owner. The property comes fully furnished and includes all supplies, making it incredibly easy for a new owner to seamlessly maintain the current AIRBNB model. The Triplex consists of 3 large units: Two 2-bedroom, 1-bathroom units, and One 1-bedroom, 1-bathroom unit. The building also features shared, coin-operated laundry facilities that generate additional income. Ample parking is available for both tenants and guests, adding convenience to the property’s appeal. Located in a prime area near Belmont Village and downtown Kitchener, this property offers easy access to public transportation, including bus and LRT services, as well as proximity to the hospital, schools and shopping centres. With its unbeatable location and potential for continued success, this is a unique opportunity that you won’t want to miss. This property is a must-see to fully appreciate its potential—don’t let this once-in-a-lifetime investment slip away.
Property Type:
Residential Income
Property SubType:
Multi-3 Unit
Listing General Location:
415 - Uptown Waterloo/Westmount, 4 - Waterloo West
Bedrooms:
5
Bathrooms:
3.0
(Full:-/Half:-)
Lot Details:
55 x 120
Lot Depth:
120'36.6 m
Lot Frontage:
55'16.8 m
Kitchens:
0
County Or Parish:
Waterloo
Features:
Attached Garage: Yes, Crops Included: No, Garage: Yes, New Construction: No
Construction:
Aluminum Siding, Brick
Basement:
Separate Entrance, Walk-Out Access, Walk-Up Access, Other, Full, Finished
Foundation:
Poured Concrete
Roof:
Asphalt Shing
Number of Storeys:
3
Number of Buildings:
0
Other Structures:
Storage
Total Floor Area:
3,000 sq. ft.279 m2
Finished Area Above Grade:
2,000 sq. ft.186 m2
Finished Area Below Grade:
1,000 sq. ft.92.9 m2
Fireplace:
false
Laundry Features:
Coin Operated, Shared
Water Supply:
Municipal
Water Meter:
Yes
Sewer:
Sewer (Municipal)
Cooling:
None
Heating:
Forced Air, Natural Gas
Age Electric:
Copper Wiring
Age Furnace:
Estimated 2010
Age Tank:
2011/2014/2025
Carbon Monoxide Detector,Garage Door Opener,Hot Water Tank Owned,Microwave,Smoke Detector,Window Coverings,3 Fridges, 3 Stoves, 1 Coin-Operated Dryer, 1 Coin-Operated Washer, 3 Microwaves, All Furniture Making It Easy To Continue The Airbnb
Hot Water Tank Owned, Microwave, Refrigerator, Stove
Attached Garage: Yes, Crops Included: No, Garage: Yes, New Construction: No
Insurance Expense:
$3,000
Expenses:
Estimated
Laundry Income:
$800
Lease to Own Equipment:
None
Zoning:
R2
Lot Site Features:
Rectangular, City Lot, Hospital, Library, Park, Place of Worship, Playground Nearby, Public Transit, Quiet Area, Schools, Shopping Nearby, Trails
Features:
Attached Garage: Yes, Crops Included: No, Garage: Yes, New Construction: No
Garage Spaces:
2.0
Parking Places Covered:
2.0
Parking:
Attached Garage, Garage Door Opener, Asphalt
# Of Total Parking Spaces:
8.0
# Of Open Parking Spaces:
6.0
Driveway Parking:
Private Drive Triple+ Wide
Num Apartment Units:
0
Num Bachelor Units:
0
Num Efficiency Units:
0
Num Loft Units:
0
Num Other Units:
0
Num Penthouse Units:
0
Num Studio Units:
0
Listed Date:
Mar 12, 2025
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
40704894
Bedrooms:
5
Bathrooms:
3
Area Statistics
Listings on market:
14
Avg list price:
$1,298,950
Min list price:
$499,900
Max list price:
$9,500,000
Avg days on market:
38
Min days on market:
6
Max days on market:
100
Avg price per sq.ft.:
$424.83
These statistics are generated based on the current listing's property type
and located in
4 - Waterloo West. Average values are
derived using median calculations.
Data was last updated June 4, 2025 at 01:50 PM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$1,298,950
Min list price:
$499,900
Max list price:
$9,500,000
Avg days on market:
38
Min days on market:
6
Max days on market:
100
Avg price per sq.ft.:
$424.83
These statistics are generated based on the current listing's property type
and located in
4 - Waterloo West. Average values are
derived using median calculations.