23 RUTHERFORD Drive, Kitchener,OntarioN, 2A 1P8

Residential Beds: 5 Baths: 3

4.1% Cap rate! This triplex acts more like a four-plex with the $9,000+ yearly annual income coming from the solar panels. This purpose-built triplex has two 2-bed units and one 1-bed unit and generates over $57,000 per year in annual revenue. The renovated main floor is currently under lease for $1600 + hydro per month, the upper unit is under lease for $1550 + hydro per month and the basement unit is rented month-to-month for $847.30 + hydro per month, with all exceptional tenants. The solar panels have generated an average of $780 per month over the last 12 months. With over seven parking spots in the driveway available, newer deck on the back, new boiler (2021) and updated exterior, close to the expressway, Fairview Mall, and upcoming ELEVATE condo project that will change the landscape of this neighbourhood, this is an investment you won't want to miss!

Property Details
Property ID 1749 Price $1,100,000 Property Size 1560 Sq Ft
Garage 2 Bedrooms 5 Bathroom 3
Year Built 2016-01-09 Garage Size 200 SqFt Property Type Residential
Property Status For Sale
23 RUTHERFORD Drive, Kitchener,OntarioN, 2A 1P8
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$749,900 CAD