Address
38 LINDEN Avenue Kitchener, ON
Price
$ 499,000
Property Attributes
  • ML#40092215
  • TypeSingle Family
  • CityKitchener
  • AreaKitchener-Waterloo
  • NeighbourhoodVictoria Park
  • Postal CodeN2G 2A5
  • Style
  • Price$ 499,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Daniel Lambkin with Peak Realty Ltd.
Data Source:
RLP - CREA EN
Property Description

38 Linden is going to be a great investment for a savvy buyer. The home is vacant, the buyer picks their own tenants. Not walking into someone else’s problems. It is R5 Zoning. The Cap rate based on information from the seller is 5.6%. A realistic projected Cap rate is 6.5%. Rare to find those returns in this real estate market. Ask listing agent for calculation sheet. All 5 Bedrooms available to be rented are ABOVE GRADE. A finished basement with a 3 pc bathroom allows for even more potential income. That potential income was not included in Cap Rate calculations. The location means it will be easy to find tenants. A five-minute walk from the Waterloo School of Pharmacy and the McMaster School of Medicine Kitchener Campus. Close to Conestogo college downtown campus and Google. It is a short ride on the LRT to the University of Waterloo and Wilfred Laurier University. And the location has many amenities. It is a short walk to Belmont Village where your tenants can enjoy dining at el fresco as well as numerous other restaurants, cafes, and boutiques, not to mention steps from Victoria Park. Roof (2012) furnace (2012) Windows (2019) floors (2019).

General Features

Acres < 0.5
Beds 5
Garage no
Inclusions WATERTANK, MICROWAVE
Listing Type Investment
Parking yes
Parking Spaces 4
Terms SALE
Wheel Chair Access no
Zoning R5

Interior Features

Basement Finish Fully Finished
Bedrooms 5
Fireplace no

Exterior Features

Lot Frontage 44.00
Pool Y/N no

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in N2G 2A5

Price
AVG $500K
$500K
Visits
AVG 3
12
Year Built
AVG 1905
1905