88 Woodhaven Road Kitchener, Ontario N2C 1V1

$1,049,000

A rare opportunity to own a property featuring three legal living units in a friendly, established neighbourhood. Whether you're looking for the perfect multi-generational setup, a mortgage helper, or a turnkey investment, this versatile property offers exceptional flexibility. The main level features a bright, open-concept living and dining area filled with natural light, three generously sized bedrooms, and a full bathroom, creating a comfortable space to call home. The finished lower level is a fully self-contained two-bedroom suite complete with its own kitchen, offering privacy and independence for extended family or rental income. Adding even more value is the detached legal one-bedroom accessory dwelling unit, complete with its own kitchen, bathroom, and in-suite laundry, providing a completely separate living space for family, guests, or tenants. Situated on one of the larger lots in the neighbourhood, measuring approximately 52' x 109', the fully fenced backyard offers generous outdoor space for everyone to enjoy. Ideally located on a quiet street close to schools, parks, shopping, public transit, the ION LRT, and major highways, convenience is right at your doorstep. Recent updates include new flooring throughout, custom built-in cabinetry, a 200-amp electrical service, and an on-demand water heater (2021). Live in the spacious main unit while the two additional legal units help offset a significant portion of your monthly living expenses, create the ideal multi-generational lifestyle where everyone enjoys their own private space, or maximize the property's investment potential with projected rental income of approximately $6,000 per month ($72,000 annually). Vendor Take-Back financing is available with a minimum 30% down payment, offering additional flexibility for qualified buyers. A rare opportunity offering a projected 6% cap rate in today's market. (id:55460)

Property Details

MLS® Number	X13494568
Property Type	Multi-family
Amenities Near By	Park, Place Of Worship, Schools
Community Features	School Bus
Parking Space Total	4
Structure	Deck
View Type	City View

Building

Bathroom Total	3
Bedrooms Above Ground	4
Bedrooms Below Ground	2
Bedrooms Total	6
Age	51 To 99 Years
Appliances	Water Softener, All, Dishwasher, Dryer, Stove, Washer, Refrigerator
Architectural Style	Bungalow
Basement Development	Finished
Basement Features	Separate Entrance
Basement Type	N/a (finished), Full, N/a
Cooling Type	Central Air Conditioning
Exterior Finish	Brick
Foundation Type	Concrete
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	1
Size Interior	700 - 1,100 Ft2
Type	Other
Utility Water	Municipal Water

Parking

No Garage
Tandem

Land

Acreage	No
Land Amenities	Park, Place Of Worship, Schools
Landscape Features	Landscaped
Sewer	Sanitary Sewer
Size Depth	109 Ft ,6 In
Size Frontage	52 Ft ,2 In
Size Irregular	52.2 X 109.5 Ft
Size Total Text	52.2 X 109.5 Ft
Zoning Description	R2

https://www.realtor.ca/real-estate/29959132/88-woodhaven-road-kitchener