ON
Kitchener
N2A2R6
62 Greendale Crescent
62 Greendale Crescent, Kitchener, ON N2A2R6
Share Listing
Listing Type
Multi Family
Listing Status
active
33
$700,000

Home Details for 62 Greendale Crescent

Price
$700,000
Type
Residential Income
Bedrooms
4
Bathrooms
2.0
Square feet
NaN
Parking
Detached
Days on site
34
Listing #
X12418615
Property Description

Legal Duplex Investment Every strong portfolio starts with the right property, the kind of investment that generates income today while positioning you for long-term growth. 62 Greendale Crescent is exactly that: a fully permitted, legal duplex with proven rental income, market demand, and the fundamentals investors look for. The upper 2-bedroom unit is already leased at $2,100 per month, providing stable cash flow from day one. The lower 2-bedroom suite, with its own entrance and full layout, is vacant and ready for a new tenant at approximately $1,900$2,100 per month or it can serve as an ideal in-law arrangement while maintaining income from upstairs. With projected annual rents of approximately $48,000 and manageable operating expenses, investors can expect a cap rate in the 5 percent range. With financing available at current interest rates around 4 percent, cash-on-cash returns project in the low-to-mid single digits, with realistic potential for positive monthly cash flow. These are the fundamentals that matter, and they are rarely found at this level in todays market. Unlike many competing listings, this property is already legally compliant, offers parking for five vehicles, a fenced yard, and a low-maintenance setup. Its location near schools, shopping, transit, and highway access further ensures ongoing tenant demand and long-term stability. For first-time investors or those adding to a growing portfolio, 62 Greendale Crescent represents more than just a duplexit is an opportunity to secure reliable returns, build equity, and take the next step toward financial growth with confidence. (id:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
  • Parking
    • Detached
Listing Courtesy: Toronto Real Estate Realty Plus Inc
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EXIT RESULTS REALTY, BROKERAGE
645 Edwards Street, Rockland, ON K4K 1L4
Paul Dion
License #: 5030680
Sales Representative
Office
613 446 2600
Agent
613 293 3337
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