63 St. George Street, Kitchener

$699,000 - This charmingly situated yellow brick 1930s-era home occupies a corner lot in Downtown Kitchener’s historic Cedar Hill. Only a few minutes by foot from the centre of town, and within easy walking range of hundreds of employers, shops, restaurants and civic amenities, 63 St. George Street is currently set up as a legal duplex. With three bedrooms in the upper unit (occupying the second and third floors), two expansive bedrooms in the ground floor unit, and an non-complying basement unit, this home offers great potential for any buyer on the search for a live-in mortgage helper, and would make a solid addition to any existing residential investment portfolio. With the Ontario government’s new housing strategy, this property has real triplex potential in addition to the possibility of simply reconnecting the lower level to the ground floor unit for even more living space. Major mechanicals have been updated (the furnace in 2012, with a new motor just this year) and replaced (the roof was re-done in 2016). The ground floor is currently vacant for ease of showing/closing, with the upper three-bedroom unit tenanted. Ample investments made in recent years to Kitchener’s urban core have made the area increasingly attractive to young professionals and families, ensuring a steady pool of prospective renters. This location is just a few blocks from Victoria Park, and less than five minutes by foot from north and southbound LRT service at the Kitchener Market Station. Get in touch today for more information or to schedule a tour!