Investors and house hackers, take note! 25 Meinzinger Ave. is an updated duplex on a generous 51 x 131 ft lot, with the cities new flexible zoning (SGA-1) in Kitchener's established Southdale neighbourhood. Featuring two self-contained, income-ready suites, that previous generated almost $50,000.00 in gross annual rent, that provide the flexibility to live in one while the other pays down your mortgage, plus a separate entrance to the basement, offering potential for a future third suite and added income! Each suite features their own private entry, 2 bedrooms, a full bathroom, and separate living and dining areas, all finished with carpet-free flooring, a modern kitchen with generous cabinetry, and an updated bathroom. Dedicated parking for each unit, on-site laundry, and an expansive shared backyard round out a setup designed for easy management and long term tenant appeal. Minutes to Highway 8, local transit, Zehrs, Queen Elizabeth Public School, and neighbourhood parks, this is a turn-key, centrally located multi-family asset with strong fundamentals and real upside. (id:4069)
Address
25 MEINZINGER Avenue
List Price
$629,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
Kitchener
Bedrooms
4
Bathrooms
2
Floor Area
1,551 Sq. Ft.
Lot Depth
132 ft
Frontage Length
51 ft
Year Built
1958
MLS® Number
40868224
Listing Brokerage
ROYAL LEPAGE CROWN REALTY SERVICES INC.
| ROYAL LEPAGE CROWN REALTY SERVICES
Basement Area
Full (Unfinished)
Postal Code
N2M3T3
Zoning
SGA-1
Ownership
Freehold
Parking Places (Total)
3
Site Influences
Park, Place of Worship, Public Transit, Schools
Features
Paved driveway
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
None
Foundation Details
Poured Concrete
Number Of Floors In Building
1.5
Water Source
Municipal water
Access To Property
Highway access
Sewer
Municipal sewage system
