29 GRUHN Street

Kitchener, Ontario

N2G1S5
499,900
3 beds, 2 baths
Single Family
ATTENTION ALL INVESTORS! Duplex in a prime midtown location. This is an excellent opportunity for the first time buyer or the avid investor! Premium location - walking distance to LRT stops, downtown Kitchener, Uptown Waterloo, schools, offices, grocery stores and all popular amenities. Don't miss out on this one this fantastic property! 5 options for this great property: 1. You can keep it as is and gross $2100/mth 2. Renovate the two units & increase rents to $3000/mth 3. Turn back to a single detached 4. Demolish & build new 5. Assemble with a neighboring property & develop. Upstairs tenant pays $600/mth plus hydro - This could easily be $900. And if you updated the unit you could get $1300. Main floor is vacant - This could easily get $1350/mth as is. If you updated the unit you could easily get $1650/mth. Heat and water is about $230/mth for the coldest months - so average over 12 months would be closer to $150/mth for both units. Taxes are $282/mth and Insurance is $139/mth (id:6355)

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