8 Onward Avenue Kitchener, Ontario N2H 3J7
$725,000
Welcome to 8 Onward Ave, a 3-unit home ideal for multi-family or multi-generational living. Situated on a large lot in the desirable East Ward, this property offers a great investment opportunity with its 3 units. There’s potential for expansion by adding an addition, extending into the attic, or even building a garden suite. The home has a convenient side entrance, parking for up to 4 vehicles, and a new back deck that provides access to the two upper units. The main floor and basement units are currently tenanted, offering immediate rental income, while the upper floor is vacant and ready for new occupants. Located in a highly walkable neighbourhood, it’s just steps from the ION LRT, downtown Kitchener, trendy cafes, parks, shopping, and the farmers market. Nearby are the AUD auditorium, Sheppard and Cameron Heights schools, and Rockway Golf Course. Commuters will appreciate quick access to major highways. The property next door, 12 Onward Ave, is also for sale, offering a rare chance to acquire both homes, creating a unique multi-generational compound or development potential. The combined lots offer room for further development, whether by expanding existing structures or adding new amenities. This is a unique opportunity to secure a triplex and the option of the adjacent property in a thriving community. Ask the listing agent about upcoming by-law changes that will allow for even more density options! (id:42029)
Property Details
| MLS® Number | 40645218 |
| Property Type | Multi-family |
| AmenitiesNearBy | Public Transit |
| CommunityFeatures | Community Centre |
| Features | Paved Driveway |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 3 |
| BedroomsTotal | 4 |
| Appliances | Freezer, Microwave, Water Softener, Window Coverings |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| CoolingType | None |
| ExteriorFinish | Aluminum Siding, Brick |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1430.75 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| None |
Land
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Municipal Sewage System |
| SizeDepth | 166 Ft |
| SizeFrontage | 35 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R5 |
https://www.realtor.ca/real-estate/27406528/8-onward-avenue-kitchener
Interested?
Contact us for more information
Erik Erwin
Salesperson
75 King Street South Unit 50
Waterloo, Ontario N2J 1P2
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September 16 2024 02:38:55
Kitchener-Waterloo Association of REALTORS®
Chestnut Park Realty Southwestern Ontario Ltd., Brokerage