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29 Gruhn Street Kitchener, Ontario N2G 1S5

2 Level, Multi-Unit None Forced Air

$499,900

ATTENTION ALL INVESTORS! Duplex in a prime midtown location. This is an excellent opportunity for the first time buyer or the avid investor! Premium location - walking distance to LRT stops, downtown Kitchener, Uptown Waterloo, schools, offices, grocery stores and all popular amenities. Don't miss out on this one this fantastic property! 5 options for this great property: 1. You can keep it as is and gross $2100/mth 2. Renovate the two units & increase rents to $3000/mth 3. Turn back to a single detached 4. Demolish & build new 5. Assemble with a neighboring property & develop. Upstairs tenant pays $600/mth plus hydro - This could easily be $900. And if you updated the unit you could get $1300. Main floor is vacant - This could easily get $1350/mth as is. If you updated the unit you could easily get $1650/mth. Heat and water is about $230/mth for the coldest months - so average over 12 months would be closer to $150/mth for both units. Taxes are $282/mth and Insurance is $139/mth (id:20587)

Business

Business Type Residential

Property Details

MLS® Number 30809791
Property Type Multi-family
Neigbourhood KW Hospital
Amenities Near By Golf Course, Hospital, Public Transit, Recreation, Schools, Park
Community Features Community Centre
Equipment Type Water Heater
Features Park Setting, Park/reserve, Paved Driveway, Shared Driveway
Parking Space Total 3
Rental Equipment Type Water Heater

Building

Architectural Style 2 Level, Multi-unit
Basement Development Partially Finished
Basement Type Full (partially Finished)
Constructed Date 1920
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Aluminum Siding, Brick
Fire Protection Smoke Detectors
Fireplace Present No
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type Duplex
Utility Water Municipal Water

Parking

Detached garage
Shared

Land

Acreage No
Land Amenities Golf Course, Hospital, Public Transit, Recreation, Schools, Park
Sewer Municipal Sewage System
Size Depth 105 Ft
Size Frontage 34 Ft
Size Total Text Under 1/2 Acre
Zoning Description Res

Utilities

Water Available

https://www.realtor.ca/real-estate/21906092/29-gruhn-street-kitchener

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