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)

Property Details

MLS® Number	X13054438
Property Type	Multi-family
Parking Space Total	6

Building

Bathroom Total	3
Bedrooms Above Ground	5
Bedrooms Total	5
Age	51 To 99 Years
Basement Type	None
Cooling Type	None
Exterior Finish	Brick
Flooring Type	Laminate, Carpeted
Foundation Type	Concrete
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	2,000 - 2,500 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	120 Ft
Size Frontage	57 Ft ,2 In
Size Irregular	57.2 X 120 Ft
Size Total Text	57.2 X 120 Ft|under 1/2 Acre

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Living Room	3.57 m	3.94 m	3.57 m x 3.94 m
Second Level	Dining Room	3.57 m	3.94 m	3.57 m x 3.94 m
Second Level	Primary Bedroom	3.4 m	3.1 m	3.4 m x 3.1 m
Second Level	Bedroom 2	3.25 m	3.1 m	3.25 m x 3.1 m
Lower Level	Living Room	6.4 m	3.3 m	6.4 m x 3.3 m
Lower Level	Bedroom	3.3 m	3.28 m	3.3 m x 3.28 m
Lower Level	Kitchen	6.4 m	3.3 m	6.4 m x 3.3 m
Main Level	Living Room	3.57 m	3.94 m	3.57 m x 3.94 m
Main Level	Dining Room	3.57 m	3.94 m	3.57 m x 3.94 m
Main Level	Kitchen	3.63 m	2.44 m	3.63 m x 2.44 m
Main Level	Primary Bedroom	3.4 m	3.1 m	3.4 m x 3.1 m
Main Level	Bedroom	3.25 m	3.1 m	3.25 m x 3.1 m

https://www.realtor.ca/real-estate/29668344/7-balmoral-drive-kitchener