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15 Bingeman Street Kitchener, Ontario N2H 2R7

6 Bedroom 2 Bathroom 2137
Fireplace Wall Unit, Window Air Conditioner Forced Air

$700,000

Here is a great investment opportunity close to downtown Kitchener. Legal Duplex, over 2,100sqft with large backyard and great curb appeal. No house directly behind. Currently consisting of a 4 bedroom, 2 level unit and a 2 bedroom, 1 level unit. Both with private entrances. To generate more income it could be made into a triplex using the basement which has a separate entrance/walk-out. Outside you'll find a 1.5 car garage plus parking for at least 4 cars in the double driveway, and large private fenced backyard. Both units were recently rented on 1 year leases with total rent of $3,590/month. With 20% down, this property would generate approximately 18% Return On Investment per year when factoring in the mortgage principal paydown and a modest market increase of 3%. Located close to downtown and only a short walk to Centre In The Square, Kitchener Market, Frederick Mall and everything else downtown Kitchener has to offer including shopping, restaurants and hundreds of employers. (id:30310)

Property Details

MLS® Number 40347489
Property Type Multi-family
Amenities Near By Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Equipment Type Water Heater
Features Southern Exposure, Park/reserve, Paved Driveway, Sump Pump
Parking Space Total 5
Rental Equipment Type Water Heater
Structure Shed

Building

Bathroom Total 2
Bedrooms Total 6
Basement Development Partially Finished
Basement Type Full (partially Finished)
Constructed Date 1890
Construction Style Attachment Detached
Cooling Type Wall Unit, Window Air Conditioner
Exterior Finish Aluminum Siding, Brick
Fire Protection Smoke Detectors
Fireplace Fuel Wood
Fireplace Present Yes
Fireplace Total 1
Fireplace Type Other - See Remarks
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 2137
Type Duplex
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Fence Type Fence
Land Amenities Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 136 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description R-5

https://www.realtor.ca/real-estate/25135546/15-bingeman-street-kitchener

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