243 Connaught Street Kitchener, Ontario N2C 1B4

$999,888

Attention investors: Purchase a Renovated house with a FULLY approved severance and site plan with the City of Kitchener. A few conditions to be met for severance. Seller has pending lease agreements that will be signed for $4500 per month! Realize a 30% ROI with a positive cashflow while inheriting a lot beside which adds 230k of property value for future build, development and more cashflow. Endless opportunities. The approval for severance is to build a Semi detach on the property a a completely seperate lot. This stunning house in Kitchener has been fully renovated from the studs up, offering far more than your average cosmetic job. With high-end finishes and brand-new windows and electrical systems, all you need to do is move right in and start enjoying your new home. But the potential doesn't stop there - the city has approved plans for another lot, and all that's needed are a few more conditions before it can be fully severed from the surrounding area. This investment opportunity offers not only a contemporary living space but also the chance to increase your equity by taking advantage of the additional value offered by the approved plans. And with easy access to amenities and nearby highways, this property is perfect for families looking to enjoy the best of both worlds - a modern and comfortable home, with the potential for future growth. Great in-law potential (rough in for kitchen) downstairs with 1 bedroom downstairs, 3+1. Don't miss out on this amazing opportunity - come see 243 Connaught St today! Seller willing to holdback mortgage 200k. (id:30310)

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https://www.realtor.ca/real-estate/25287394/243-connaught-street-kitchener