15 Bingeman Street Kitchener, Ontario N2H 2R7

$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)

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