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38 Linden Avenue

Beds 5
Baths 2

$549,900

Status Active
City Kitchener
County Waterloo
Listing Type Residential Income
Postal Code N2G 2A5
Driveway Spaces 3.00
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38 Linden is going to be a great investment for a savvy buyer. The home is vacant, the buyer picks their own tenants. Not walking into someone else’s problems. It is R5 Zoning. The Cap rate based on information from the seller is 5.6%. A realistic projected Cap rate is 6.5%. Rare to find those returns in this real estate market. Ask listing agent for calculation sheet. All 5 Bedrooms available to be rented are ABOVE GRADE. A finished basement with a 3 pc bathroom allows for even more potential income. That potential income was not included in Cap Rate calculations. The location means it will be easy to find tenants. A five-minute walk from the Waterloo School of Pharmacy and the McMaster School of Medicine Kitchener Campus. Close to Conestogo college downtown campus and Google. It is a short ride on the LRT to the University of Waterloo and Wilfred Laurier University. And the location has many amenities. It is a short walk to Belmont Village where your tenants can enjoy dining at el fresco as well as numerous other restaurants, cafes, and boutiques, not to mention steps from Victoria Park. Roof (2012) furnace (2012) Windows (2019) floors (2019).
Directions King St W / Victoria St S / Joseph St / Linden Ave

Interior

Basement Type Full Basement
Heating Forced Air,gas
Interior Features Sump Pump,water Heater Owned,water Softener
Square Feet 0.00 SqFt
Cooling Central Air
Laundry Feature In Basement

Exterior

Acres Range < 0.5
Construction Materials Brick
Foundation Stone
Lot Size Acres 0.0000
Parking Spaces Total 4
Roof Asphalt Shing

Additional Information

Appox Age 100+ Years
Area Influences Downtown,Golf,Highway Access,Hospital,Library,Major Highway,Park,Place of Worship,Playground Nearby,Public Transit,School Bus Route,Schools
Common Interest Freehold/none
Septic/Sewer Sewer (Municipal)
Water Source Municipal
Water Treatment Water Softener
Property Attached Detached
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