114 CHURCH STREET, Kitchener
$1,099,900
For sale: Multiplex
- Property type
- Triplex
- Bedrooms / bathrooms
- 6 bedrooms, 5 bathrooms
- Living area
- 3,000 sqft
- MLS®
- MLS® X13749670
An exceptional investment opportunity in the heart of Kitchener! This beautiful legal century triplex combines timeless character with extensive modern upgrades, offering investors a truly turnkey addition to their portfolio. Ideally located just a short walk from Downtown Kitchener and the Kitchener Market LRT stop, the property provides tenants with convenient access to transit, restaurants, shopping, entertainment and everything the downtown core has to offer. Currently generating an impressive 4.6% cap rate, all three units are occupied by great young professional tenants paying market rents plus utilities, providing strong and reliable income from day one. The property has undergone substantial upgrades, including updated plumbing and electrical, forced-air furnaces, water heaters, roof, windows, aluminum fascia, soffits and eaves. The interiors have also been thoughtfully updated with new kitchens, bathrooms, flooring, stainless steel appliances and much more, creating attractive, comfortable living spaces that appeal to today's tenants. With its combination of legal triplex status, market rents, extensive capital improvements and a highly walkable location, this is a rare opportunity to acquire a well-maintained, income-producing property with the character of a century home and the major updates already taken care of. A fantastic investment in one of Kitchener's most convenient and connected locations!
Sold data
Multiplex homes in Kitchener — recent sold market
Multiplex homes in Kitchener took a median of 32 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 65, across 41 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 73 days.
The median sale price was $749,000.
Homes sold for about 3.6% below asking on average, so there was room to negotiate.
About 24% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
- Median days to sell
- 32
- Median sale price
- $749,000
- Sale-to-list ratio
- 96.4%
- Sold above asking
- 24%
Based on 41 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Kitchener
Kitchener has 66 Fraser Institute–rated schools (57 elementary and 9 secondary), averaging 5.8/10.
- Rated schools
- 66
- Elementary
- 57
- Secondary
- 9
- Average rating
- 5.8 / 10
Top-rated schools in Kitchener
- David Saint-Jacques — secondaryFraser rating 8.4/10
- St. Josephine Bakhita — elementaryFraser rating 7.9/10
- J W Gerth — elementaryFraser rating 7.7/10
- Pope John Paul II — elementaryFraser rating 7.6/10
- St Teresa — elementaryFraser rating 7.6/10
- Cameron Heights — secondaryFraser rating 7.5/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 114 CHURCH STREET
$1,189,000
Detached5+152,000–2,500 sqft450 WESTHAVEN STREET, Waterloo
$1,049,000
Detached6+242,000–2,500 sqft107 GLENCLIFFE COURT, Kitchener
$899,000
Semi-Detached/Link5+142,000–2,500 sqft617 MOCKRIDGE TERRACE, 1033 - HA Harrison, Milton
$949,900
Semi-Detached/Link5+241,500–2,000 sqft399 SAVOLINE BOULEVARD, 1036 - SC Scott, Milton
$1,075,900
Detached5+252,500–3,000 sqft48 HARPIN WAY E, Fergus, Centre Wellington
$1,099,800
Detached642,500–3,000 sqft51 COPPERFIELD DRIVE, Cambridge
$1,135,500
Detached5+142,500–3,000 sqft130 PONDCLIFFE DRIVE, Kitchener
$1,178,800
Detached6+252,000–2,500 sqft20 CALABRIA DRIVE, Rural Caledon, Caledon