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Michael Lau

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88 Woodhaven DR Kitchener, ON N2C 1V1

4 Beds

3 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

MLS Listing ID X13768322

Style Bungalow

Bedrooms 4

Annual Tax Amount $5,609

Tax Year 2026

Property Sub-Type Triplex

Property Description

A RARE OPPORTUNITY TO OWN A PROPERTY FEATURING THREE LEGAL UNITS in a friendly, established neighbourhood. Whether you're looking for the perfect multi-generational setup, a mortgage helper, or a turnkey investment, this versatile property offers exceptional flexibility. The main level features a bright, open-concept living and dining area filled with natural light, three generously sized bedrooms, and a full bathroom, creating a comfortable space to call home. The finished lower level is a fully self-contained two-bedroom suite complete with its own kitchen, offering privacy and independence for extended family or rental income. Adding even more value is the detached legal one-bedroom accessory dwelling unit, complete with its own kitchen, bathroom, and in-suite laundry, providing a completely separate living space for family, guests, or tenants. Situated on one of the larger lots in the neighbourhood, measuring approximately 52' x 109', the fully fenced backyard offers generous outdoor space for everyone to enjoy. Ideally located on a quiet street close to schools, parks, shopping, public transit, the ION LRT, and major highways, convenience is right at your doorstep. Recent updates include new flooring throughout, custom built-in cabinetry, a 200-amp electrical service, and an on-demand water heater (2021). Live in the spacious main unit while the two additional legal units help offset a significant portion of your monthly living expenses, create an ideal multi-generational living arrangement where everyone can enjoy their own private space, or take advantage of the property's full investment potential with projected rental income of approximately $5,600 per month ($67,200 annually). Vendor Take-Back financing is available with a minimum 30% down payment, providing additional flexibility for qualified buyers. With a projected cap rate of over 6%, this is a rare opportunity for both owner-occupiers and investors in today's market.

Location

Province ON

County Waterloo

Area Waterloo

Zoning RES 2

Rooms

Family Room No

Basement Apartment, Separate Entrance, Full

Kitchen 3

Separate Den/Office 2

Interior

Interior Features Accessory Apartment, Carpet Free, Guest Accommodations, In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor

Cooling Central Air

Inclusions All appliances x3- fridge x3, stove x3, dishwasher x3, washing machine x3, dryer x3

Exterior

Parking Features Private Double

Pool None

View City

Roof Type Asphalt Shingle

Lot Frontage 52.2

Lot Depth 109.5

Total Parking Spaces 4

Building

Building Age 51-99

Foundation Concrete

Others

Senior Community Yes

Security Features Monitored

ParcelsYN Yes

Listed by CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD

Nearby Locations

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Michael Lau

+1(416) 700-0286

info@callmikelau.com

Michael Lau

88 Woodhaven DR Kitchener, ON N2C 1V1

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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88 Woodhaven DR

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