view of front facade with a balcony and brick siding Features: awning More Photos

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    For Sale - 153 Joseph Street, Kitchener, Ontario

    Est payment $6,238/mo
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    Views   1
    Time on Jump  77 day

    AI Summary *

    • Great investment opportunity in a strong rental demand area.
    • Well-maintained legal 6-plex with separate entrances for each unit.
    • Close to downtown Kitchener and public transport, plus local parks.
    • Major systems in good condition with regular inspections for peace of mind.
    • Potential for increased income with five units vacant at closing.




    Investment opportunity strong rental demand area- 153 joseph street . This fantastic 6-plex is situated in a peaceful neighbourhood near downtown kitchener. This property offers a great opportunity for investors. Legal 6 plex all separate entrances for each unit in 3 story building not purpose build. There are 4 - two bedroom, 2 - one bedroom. The property has been well maintained over the years and offers great potential for investors or owners who are looking to add value through updates. All major systems are in working order and inspected yearly. And the building includes a paid monitored fire alarm system connected directly to the local fire station for peace of mind. Coin operated washer and dryer. Each unit has separate hydrometer. Three units with private balcony, one heating system operated by boiler uses gas. Hot water tank rental. Close to lrt local train and bus terminal. Close to victoria park and kitchener downtown area such as city hall, manulife building, grandriver hospital. 5 of the units will be vacant on closing. One 2 bedroom on the 3rd floor requires a fire escape . So only one unit will be tenant occupied at closing.(we can issue a 90-day notice to the tenant to have them move out prior to closing ) basement area has a lot of storage space. Functioning mechanicals and utilities. Great long-term investment upside . The property has been meticulously maintained by the same owner for 22 years, offering peace of mind to potential buyers. One attached garage with 3 outside parking spaces. The property is sold as is. Potential income 130800/year, expense 18000/year
    Listing IDX12693992
    Address153 Joseph Street
    CityKitchener, Ontario
    Price$1,299,000
    Bed / Bath10 / 6 Full
    Style3-Storey, Multiplex
    ConstructionBrick
    Land Size0.09
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features NoneOwnership FreeholdBasement Crawl SpaceFoundation ConcreteHeating / Cooling WaterHeating Fuel GasSewer Sewer

    Parking 3.00
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    Listing Agency:  HOMELIFE LANDMARK REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    153 Joseph Street
    Kitchener , Ontario
    10 6 $1,299,000
    Get more info