Apartment Building For Sale at 56 GRENVILLE Avenue in Kitchener, Ontario

Charming raised ranch home, legally zoned as a duplex, close to ION, schools, place of worship, shopping. Lower level currently rents for $2100 and upper level will have vacant possession on May 1st. With lower level rent ($2100) and upper level rent of $2500 per month (market rates) provides a favourable CAP rate of 5%. The upper level boasts a warm ambiance with wood and ceramic flooring throughout. The well-appointed kitchen features granite counters, a spacious island with a breakfast bar, and stainless steel appliances. An expansive open-concept living and dining area is illuminated by numerous pot lights, modern fixtures, and opens to a front deck. Two generously sized bedrooms on the main floor share a delightful bathroom adorned with a quartz counter and the laundry. There is also accessible attic space for additional storage. Main floor can be converted back to 3 bedroom. The lower level offers two large bedrooms, a kitchen with ceramic tile floors, laminate flooring in main areas, and a bathroom featuring ceramic flooring, a spacious shower, and a granite counter. The lower level also includes a sizable family room with a gas fireplace and a laundry/utility room. Noteworthy features include newer windows and doors, two private decks with gas BBQ hook-up, a spacious outdoor patio, a double garage, a 1 ½ storey workshop, and three large sheds. This duplex seamlessly blends comfort, functionality, and ample outdoor space while offering great investment opportunity. The internal staircase has been closed off, but it can be reopened to restore direct access between the upper and lower floors. The images provided are from previous staging. (id:39198)