38 Linden Avenue,
Kitchener ON, N2G 2A5
Description
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).
Details
| MLS# | 40092215 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1905 |
| Days On Site | 4 |
Features
| Units | 5 |
|---|---|
| Building(s) | 1 |
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Learn More About This Property
| Area Information | |
|---|---|
| Province | ON |
| County | Waterloo |
| City | Kitchener |
| Postal Code | N2G 2A5 |
| Area | 3 - Kitchener West |
| Listing VS Median (in N2G 2A5) | |
Price: $499,000 low | high Med: $499,000 On Site: 4 low | high Med: 4 Sourced by Back At You | |
MLS Number: 40092215Listing Provided By:
DANIEL LAMBKIN of PEAK REALTY LTD.