KWC - Kitchener - Purpose Built Duplex - Money in Short Supply? Seller First Mortgage Available! $639,900

Mike Milovick

Inspired Forum Member
REIN Member
Mar 15, 2008
Waterloo, Ontario, Canada
REIN Members: this is the type of deal that is often discussed, rarely available! Short of down payment? Looking to get "in" on REIN's perennial top five town in Ontario? Seller financing available here.

Open concept, contemporary, 2496 SF of finished space, purpose-built, owner-built, legal duplex in desirable Grand River North!

Separate meters: water and electricity. Two gas furnaces! Roxul Safe and Sound insulation between floors as well as double drywall. Intelligently designed – can be easily converted to single family home. Units can show three bedrooms – or two bedrooms with a dining room. Double car driveway – occupants do not have to park in tandem. This is smoke free and pet free property. One owner home!

Main unit features vaulted ceiling, gas fireplace, thin plank hardwood and a loft-like great room. This unit also enjoys air conditioning. Tenant in main unit pays $1404 per month.

Lower unit is a daylight basement suite with large oversized windows, and a white, modern kitchen. Note the heat ducts in the floor. Four piece bath featuring Tomlin shower/tub unit with updated glass door. In suite laundry in both units! Both tenants on month-to-month leases. Lower unit pays $981 per month. All leases net net net!

Could work very well for owner occupier that enjoys quality of life with mortgage helper income, or buyer with multi-generational family trying to keep everyone under one roof smart investor looking for a high quality, well-maintained income producing asset looking to get a deed in their name - in one of the perennially best real estate markets in Ontario!