35 Shaftsbury Drive, Kitchener ON

About 35 Shaftsbury Drive

6% CAP RATE! PURPOSE-BUILT THREE-UNIT PROPERTY IN LACKNER WOODS! This cash-flowing gem brings in approximately $7,000 per month in rental income, offering a 6% cap rate and around $1,000 per month in positive cash flow. Featuring two spacious 3-bedroom units (1,150 sq ft each) and a bright, updated 1-bedroom lower-level unit, this property is ideal for investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit has been thoughtfully updated with 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 offers a new kitchen and plenty of natural light. Tenants pay all utilities, and each unit has separate hydro meters and its own private driveway. Additional highlights include a full 2-car garage, parking for 4 more vehicles in the main driveway, and a new 2024 driveway for 2 extra cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). Located steps from shopping, parks, schools, and amenities, this turn-key investment blends income potential, location, and modern comfort. (id:56071). Get more information on 35 Shaftsbury Drive

Property Features

Appliances:  Dryer, Water Heater, Stove, Washer, Refrigerator
Rental Equipment:  
Directions:  Ottawa to Shaftsbury
Zoning Description:  RES-4
Interior Size:  2000 - 2500 sqft
Amenities:  Separate Electricity Meters
Lot:  65 x 111 FT|under 1/2 acre 65 x 111 FT
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   / 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