253 SYDNEY STREET S, Kitchener

$748,888

For sale: Multiplex

Multiplex at 253 SYDNEY STREET S, Kitchener
Property type
Duplex
Bedrooms / bathrooms
5 bedrooms, 3 bathrooms
Living area
1,500 sqft
MLS®
MLS® X12846268

THE UNICORN! Purpose Built Duplex! 100% VACANT POSSESSION! Stop fighting old leases and inherited tenants. 253 Sydney St S is a solid brick, purpose-built Legal Duplex offering the ultimate "Blank Slate" in Kitchener's desirable Rockway neighborhood. Set your own market rents from Day 1. Perfect for Investors, House-Hackers, or Multi-Generational families. UNIT BREAKDOWN: * MAIN UNIT: Vacant. 2 + 1 Bed, 2 Bath with Rec Room. Convenient backyard, in-suite laundry, and a 1-car garage. UPPER UNIT: Vacant. 2-Bed, 1-Bath. Features in-suite laundry and dedicated carport parking. INVESTORS: Run your own tenant selection and maximize your Cap Rate immediately. HOUSE-HACKERS: Live in one unit and let the other unit pay your mortgage! MULTI-GENERATIONAL: Separate kitchens, separate laundry, and separate entrances-keep the family close with total privacy across two spacious units. THE LOCATION: Commuter's dream. Minutes to Hwy 7/8 Expressway, the LRT, Rockway Golf Course, and Downtown Kitchener's Tech Hub. Separately metered Hydro between the Upper and Main units. Gas/Water shared on a single meter. Purpose-built multi-unit properties with FULL VACANT POSSESSION are incredibly rare. Why wait for the next opportunity while the unicorn is right here!

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 19 days and the slowest quarter taking more than 65, across 43 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 54 days.

The median sale price was $760,000.

Homes sold for about 3.2% below asking on average, so there was room to negotiate.

About 23% of sales closed above the list price.

Around 21% of sellers reduced their price before finding a buyer.

Median days to sell
32
Median sale price
$760,000
Sale-to-list ratio
96.8%
Sold above asking
23%

Based on 43 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 253 SYDNEY STREET S