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Home ON Kitchener - Cambridge - Waterloo Kitchener Central Frederick
32 SIMEON Street
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32 SIMEON Street $799,000
$799,000
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32 SIMEON Street
Kitchener, Ontario N2H1S1

MLS® Number: 40661383
6
Bedrooms
3
Bathrooms
2248
Square Feet

Listing Description

This property is perfect for Investors/buyers who appreciate distinguished homes and seek supplementary rental income or investment opportunities. Classic charm meets modern potential in this turn-key cash flow property, located in a prime downtown neighborhood. With a legal duplex and a basement in-law suite featuring a separate exit, this property offers versatile living arrangements. Plus, enjoy the convenience of three dedicated parking spaces in the back.This property boasts an impressive rental income of $4,550.00 per month, with a breakdown of $2,100.00 for the 3-bedroom unit, $1,900.00 for the 2-bedroom unit, and $550 for the in-law suite in basement. Tenants cover hydro costs, and the high-efficiency hot water boiler helps keep heating expenses low. All rental units are currently on a month-to-month basis, offering flexibility for new ownership. Financials are available upon request, and you'll find clean, low-maintenance units.Don't miss out on this unique opportunity!Recent upgrades include updated electrical work (ESA approved) with two new panels and 120 AMP service, along with upgraded plumbing. The property features a total square footage of 2,248 sq ft. (68188720)

Location Description

Frederick St/Simeon St

Property Summary

Property Type
Multi-family
Building Type
Duplex
Storeys
2.5
Square Footage
2248 sqft
Subdivision Name
212 - Downtown Kitchener/East Ward
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$5,006
Total Parking Spaces
3
Time on REALTOR.ca
42 days

Building

Bathrooms
Total
3
Interior Features
Basement Type
Full (Finished)
Building Features
Features
Shared Driveway
Foundation Type
Stone
Rental Equipment
Water Heater
Total Units
3
Heating & Cooling
Heating Type
Forced air, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl siding
Neighbourhood Features
Community Features
School Bus
Amenities Nearby
Park, Place of Worship, Playground, Public Transit, Schools
Parking
Total Parking Spaces
3

Measurements

Square Footage
2248 sqft
Above Grade Finished
2248 sqft
Source: Other

Land

Lot Features
Frontage
32 ft
Land Depth
91 ft
Other Property Information
Access
Highway access
Zoning Description
R2B
Data provided by: Cornerstone - Mississauga # 1 - 3450 RIDGEWAY Drive, Mississauga, Ontario L5L0A2

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