64 Days on Market

35 Belmont Ave, Kitchener, Ontario N2M 1L2

$1,120,000
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Detached
2 + 2
3 + 1
~2500 sqft

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Highlights

Estimated Value$900,000*

Price/Sqft$448/sqft

Days On Market64 days

Est. Mortgage$4,810/mth

Tax Amount (2024)$5,200/yr

*Last updated on: 24/04/23

Description

Legal duplex with opportunity to add third unit! Purpose-built new in 2023. Timeless open concept layouts in both units, outfitted with 9-foot ceilings on all three levels (including the basement)! Natural light soaks in through the large windows. Each unit features its own private deck. Designer kitchens with quartz counters. Both units have signed leases, boasting a gross annual income of $54,600. Lower unit comprises 2 beds and 1.5 baths. Upper unit comprises 2 beds, 1 bath and garage. Adventurous investors can increase the income generated from this property by adding an accessory dwelling unit. Minor variance approval has already been obtained from the City of Kitchener to build a tiny home in the backyard. Each unit is self-contained with its own furnace, air conditioning, hot water tank and thermostats. Each unit is separately metered and tenants pay their own utilities.


Property Details

StyleTwo Story
View-
Age of property2023
SqFt~2500 SqFt
Lot Size-
Parking Spaces4
MLS ®Number40544631
Community NameSt. Marys Hospital
Board NameITSO

Features

Heating: Baseboard, Electric, Forced Air, Natural Gas
Cooling: Central Air
Basement: Full, Finished, Sump Pump

Main Floor

Bathroom

1.68 x 1.60

2-piece / tile floors

Kitchen

3.23 x 2.90

double vanity / laminate

Dining Room

3.23 x 3.20

Laminate

Living Room

5.77 x 2.95

laminate / sliding doors / walkout to balcony/deck


Features

Sewer (Municipal)

Parking

Garage spaces 1

Garage type -

Other parking spaces 3

Total parking spaces 4


Property History

Now
Listed for$1,120,000
64 days on market
history photo preview42
Now
Listed for$1,120,000
64 days on market
history photo preview42
Dec 22, 2016
Sold for$•••,•••Listed for$379,000
30 days on market
history photo preview12
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Property listed by CENTURY 21 HERITAGE HOUSE LTD., Brokerage

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