$979,000
For sale: Detached

Rare 3 Unit Property in the Heart of Kitchener!Welcome to this versatile and income-generating property featuring 3 separate units, making it an excellent opportunity for homeowners, investors, or multi-generational families.Unit 1: Main-floor bungalow featuring 3 bedroomsUnit 2: Legal basement apartment with separate entrance and 2 bedroomsUnit 3: Newly built legal 1-bedroom backyard apartment-style unitThe property has been thoughtfully upgraded, including new flooring, updated bathrooms and kitchens, new appliances, basement windows, new airconditioner, new heat pump for backyard unit and a newly constructed backyard unit. All available City permit documentation is attached to the listing.Enjoy the flexibility to live in one unit and rent the other two, occupy two units and rent one, accommodate a large or multi-generational family across all three units, or rent out all three units for potential rental income.A unique opportunity to own a legal 3-unit property in a prime Kitchener location with multiple living and investment possibilities.
Sold data
Detached homes in Kitchener took a median of 18 days to sell over the last 90 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 34, across 308 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 33 days.
The median sale price was $717,000.
Homes sold for about 1.2% below asking on average, so there was room to negotiate.
About 39% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
Based on 308 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Kitchener has 66 Fraser Institute–rated schools (57 elementary and 9 secondary), averaging 5.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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