88 WOODHAVEN Road, Kitchener

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111 days ago
$1,049,000

88 WOODHAVEN Road

Kitchener, Ontario N2C1V1

MLS® Number: 40842817

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Bed 6 Bedrooms
Bath 3 Bathrooms

Listing Description

A rare opportunity to own a property featuring three legal living 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 the ideal multi-generational lifestyle where everyone enjoys their own private space, or maximize the property's investment potential with projected rental income of approximately $6,000 per month ($72,000 annually). Vendor Take-Back financing is available with a minimum 30% down payment, offering additional flexibility for qualified buyers. A rare opportunity offering a projected 6% cap rate in today's market. (id:47966)

(40842817)

Property Summary

Property Type House
Building Type House
Neighbourhood Name Kitchener
Time on REALTOR.ca 111 days

Building

Bathrooms

Total 3

Bedrooms

Above Grade 6
Below Grade 2

Interior Features

Appliances Included Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer, Hood Fan
Basement Type Finished, Full

Building Features

Features
Brick , Paved driveway, Private Yard
Structures
House
Foundation Type
Poured Concrete

Heating & Cooling

Cooling
Central air conditioning
Heating Type
Forced air, Natural gas

Exterior Features

Exterior Finish
Brick

Location

88 WOODHAVEN Road, Kitchener

Neighbourhood Features

Community Features

Community Centre

Zoning

R2A

Parking

Total Parking Spaces: 4

Rooms

Main level
3pc Bathroom
N/A
Bedroom
N/A
Living room
N/A
Kitchen
N/A
3pc Bathroom
N/A
Bedroom
N/A
Bedroom
N/A
Primary Bedroom
N/A
Kitchen/Dining room
N/A
Living room
N/A
Basement
Laundry room
N/A
3pc Bathroom
N/A
Bedroom
N/A
Bedroom
N/A
Kitchen
N/A

Land

Lot Features

Fencing: Fence

Other Property Information

Zoning Description
R2A

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