29 GRUHN Street , Kitchener

$499,900 / MLS® Listing #:30809791

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ATTENTION ALL INVESTORS! Duplex in a prime midtown location. This is an excellent opportunity for the first time buyer or the avid investor! Premium location - walking distance to LRT stops, downtown Kitchener, Uptown Waterloo, schools, offices, grocery stores and all popular amenities. Don't miss out on this one this fantastic property! 5 options for this great property: 1. You can keep it as is and gross $2100/mth 2. Renovate the two units & increase rents to $3000/mth 3. Turn back to a single detached 4. Demolish & build new 5. Assemble with a neighboring property & develop. Upstairs tenant pays $600/mth plus hydro - This could easily be $900. And if you updated the unit you could get $1300. Main floor is vacant - This could easily get $1350/mth as is. If you updated the unit you could easily get $1650/mth. Heat and water is about $230/mth for the coldest months - so average over 12 months would be closer to $150/mth for both units. Taxes are $282/mth and Insurance is $139/mth (id:10452)

Property Details

Property Type Duplex
Architectural Style 2 Level, Multi-Unit
Square Feet
Maintenance N/A
Days On Our Website 36
Basement Partially finished - Full (Partially finished)
Lot Dimensions under 1/2 acre
Pool N/A
Area Kitchener
Air Conditioning None
Heating Natural gas - Forced air
Exterior Aluminum siding, Brick
Parking Spaces 3
Parking Type Detached garage,Shared
Sewers Municipal sewage system
Water Municipal water


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