35 Shaftsbury Drive, Kitchener ON

About 35 Shaftsbury Drive

6% CAP RATE! PURPOSE-BUILT THREE-UNIT property located in the sought-after Lackner Woods neighbourhood of Kitchener. This cash-flowing gem brings in $7,000 per month in rental income, offering a 6% cap rate and approximately $1,000/month in positive cash flow! Featuring two massive 3-bedroom units at 1,150 sq ft each, and a bright, updated 1-bedroom lower-level unit, this property is ideal for both investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit is thoughtfully updated and includes new granite countertops, open-concept layouts, vinyl flooring, and access to outdoor spaces including private balconies, a private patio, and a shared backyard. The basement unit has a new kitchen and plenty of natural light. Tenants pay all utilities including hydro, and each unit has separate hydro meters along with its own driveway for private parking. The property also boasts a full 2-car garage, parking for 4 more vehicles in the main driveway, plus a brand-new driveway (2024) for an additional 2 cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). This turn-key investment property is walking distance to shopping, parks, schools, and amenities making it the perfect blend of location, income, and lifestyle. (id:56071). Get more information on 35 Shaftsbury Drive

Property Features

Appliances:  Dryer, Water Heater, Stove, Washer, Refrigerator
Rental Equipment:  
Directions:  Ottawa/Shaftsbury
Zoning Description:  RES-4
Interior Size:  2000 - 2500 sqft
Amenities:  Separate Electricity Meters
Lot:  65 x 111 FT 65 x 111 FT
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / Wall unit
Age: 51 to 99 years
Foundation: Concrete
Basement:  N/A (Finished) Finished

Rooms & Sizes

Bedroom Second level 2.88 m x 4.24 m	Primary Bedroom Second level 4.57 m x 2.89 m	Bedroom 2 Second level 3.52 m x 2.63 m
Bathroom Second level 2.84 m x 1.98 m	Kitchen Second level 2.86 m x 2.36 m	Living room Second level 3.48 m x 4.69 m
Dining room Second level 3.96 m x 3.74 m	Bedroom Basement 3.37 m x 5.56 m	Kitchen Basement 3.92 m x 2.1 m
Bathroom Basement 3 m x 3 m	Utility room Basement 4.08 m x 2.35 m	Bathroom Main level 2.86 m x 1.97 m
Kitchen Main level 2.86 m x 2.38 m	Dining room Main level 2.97 m x 3.72 m	Living room Main level 3.34 m x 4.65 m
Bedroom Main level 2.86 m x 4.2 m	Primary Bedroom Main level 4.48 m x 2.86 m	Bedroom 2 Main level 3.4 m x 2.71 m