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Kitchener, ON N2G 3V8
$775,000
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
THE UNICORN! Purpose Built Duplex With Accessory/In-Law Suite! 100% VACANT POSSESSION ON CLOSING! Stop fighting old leases and inherited tenants. 253 Sydney St S is a solid brick, purpose-built Legal Duplex + finished basement accessory suite offering the ultimate "Blank Slate" in Kitchener's desirable Rockway neighborhood. THE OPPORTUNITY: Set your own market rents from Day 1. Perfect for Investors, House-Hackers, or Multi-Generational families. UNIT BREAKDOWN: MAIN UNIT: Vacant. 2-Bed, 1-Bath or 3-Bed. 2-Bath (with in-law suite together). Features backyard access, in-suite with laundry, and a 1-car garage. UPPER UNIT: Vacant. 2-Bed, 1-Bath. Features in-suite laundry and dedicated carport parking. LOWER LEVEL: 1-Bed, 1-Bath accessory suite with laundry. Ideal for extended family or mortgage helper. THE STRATEGY: INVESTORS: Run your own tenant selection and maximize your Cap Rate immediately. Enjoy value add potential with the existing in-law suite to a legal triplex conversion. HOUSE-HACKERS: Live in one unit and let the other two pay your mortgage! MULTI-GENERATIONAL: Separate kitchens, separate laundry, and separate entrances-keep the family close with total privacy. THE LOCATION: Commuter's dream. Seconds to Hwy 7/8 Expressway, the LRT, Rockway Golf Course, and Downtown Kitchener's Tech Hub. MECHANICS: Separately metered Hydro between Upper and the Main/Lower units. Gas/Water shared on single meter. Purpose-built multi-unit properties with FULL VACANT POSSESSION premium assets are incredibly rare. Why wait for the next opportunity while the unicorn is right here!