7 Balmoral Drive Kitchener, Ontario N2M 2J7

$899,500

Fantastic opportunity to own a FULLY VACANT PURPOSE-BUILT TRIPLEX! in desirable Belmont Village, steps from Catalyst HIGH TECH HUB, offering both immediate flexibility and strong income potential. This well-maintained property features three Bright & SPACIOUS units, including two upper 2bdrm units and a basement 1bdrm unit where owner is starting renovations to convert it to a 2-bedroom layout - creating even greater future rental possibilities!Large windows fill each unit with natural light, while practical layouts create homes that feel open, comfortable and highly functional for everyday living, The upper and middle units also feature a WALK OUT BALCONY. Each unit is separately metered for hydro. All units will be vacant on closing, providing the flexibility to set market rents and maximize returns from day one. There is also parking for six vehicles, offering excellent convenience for tenants or future owners. Extra shed in the parking lot for extra storage! Recent upgrades include updated flooring, new roof shingles (2020), ensuring low ongoing maintenance and long-term value. There's also coin operated laundry, offering an additional revenue stream. GENEROUS LOT SIZE allowing potential of adding a 4th unit.The property is conveniently located near schools, parks, shopping, hospital ,public transit and major commuter routes, making it highly appealing for both tenants and homeowners. Whether you're an investor or looking for a multi-unit property with flexibility and long-term potential, this is a great opportunity in a high-demand rental area close to transit, amenities, and everyday conveniences.With all units vacant, buyers have the rare advantage of setting their own rents and selecting tenants, or even occupying one unit while generating income from the others. (id:55460)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X13054494
Property Type	Multi-family
Parking Space Total	6

Building

Bathroom Total	1
Bedrooms Total	5
Age	51 To 99 Years
Cooling Type	None
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Exterior	2076 Sqft
Size Interior	2,076 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	120 Ft
Size Frontage	57 Ft ,2 In
Size Irregular	Bldg=57.21 X 120 Ft
Size Total Text	Bldg=57.21 X 120 Ft
Zoning Description	Triplex - Residential

https://www.realtor.ca/real-estate/29668350/7-balmoral-drive-kitchener