350 Victoria Street S, Kitchener
Duplex Potential Close to UW Pharmacy School!
All information, while not guaranteed, is from sources deemed reliable, but is subject to errors, omissions, corrections, changes in price, prior sale or withdrawal from market without notice.Status: Sold
Price:
$189,999.00
Address: 350 Victoria Street S, Kitchener | Near: Patricia
Listing Type: Multi-Family
| Property Type: DUPLEX
Bedrooms: 4
| Bathrooms: 2
Age: 1925 | Number of Units: | Zoning: | Lot Dimensions
Laundry: | Heating:
Nicely updated home in central area close to UW School of Pharmacy. Major updates include: hi-efficiency furnace, a/c, gas fireplace, windows, updated electrical and plumbing, newer roof, updated bathroom and many more updates - listed below. Home was previously a duplex with separate meters and one meter was removed. This is a great candidate for an uptown turnkey investment! Or it works great as a single family property as it is currently set up that way.
Updates:
Entire house brick repointed 2007. 1998 hi eff furnace, 1998 a/c (2 tonne), 1998 fireplace gas woodstove no electricity needed. Gas hot water tank is a rental, 99 roof redone including removing previous shingles and repairing plywood as needed, 2002 all new windows upstairs. Argon-e coated vinyl. Flower box window in 2002. Sewer pipe done to street with PVC. 2002, Driveway 2002, 2005 kitchen window and side door, 2006 attic reinsulated, 2008 shower upstairs new. 2009 electric and plumbing fixed per inspector. Wire out back for shed disconnected but ready if someone wants exterior power, 2 Fridges included, Washer/dryer, 2006 new 6l toilet downstairs and up. A/c 2 tonne, 100amp with subpanel - previously had separate meters, Recroom downstairs carpeted, Internet downstairs hookup, Cable/sat downstairs, All wired for cable/phone, Basement windows 99, Front porch/4 season room has some newer windows - electric baseboard currently disconnected. Shelving will stay on porch, Upstairs first bed on right was kitchen - plumbing already in place, 3 rooms up with wood floors (one could be living room, one bed, one kitchen), Parking for 4 cars up to fence, Deck off back of kitchen, 4pc bathroom upstairs is nice sized with fan. Vinyl floor with scaldproof setting
Income |
Expenses |
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| Rental Income: | $50,940.00 | Condo Fees: | N/A | Garbage: | N/A |
| Laundry Income: | N/A | Taxes | N/A | Repairs: | N/A |
| Parking Income: | N/A | Utilities: | N/A | Vacancy: | N/A |
| Other Income: | N/A | Insurance: | N/A | Maintenance: | N/A |
| Management: | N/A | Equipment: | N/A | ||
Net Income: |
$50,940.00 |
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Cap Rate: |
26.81 |
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| PROJECTED RENT ROLL AS OF JANUARY, 2010 |
| UNIT NO.: | Bedrooms | LEASE EXPIRY | LAST MONTHS RENT | RENT |
| 1 | 4 | to at least August, 2010 | 1380.00 | 1380.00 |
| 2 | 1 | Sep 2009 to end Aug 2010 | 350.00 | 350.00 |
| 2 | Sep 2009 to at least end Aug 2010 | 365.00 | 365.00 | |
| 3 | Sep 2009 to at least end Aug 2010 | 350.00 | 350.00 | |
| 4 | Sep 2009 to end Apr 2010 | 360.00 | 360.00 | |
| 3 | 1 | August, 2010 | 375.00 | 375.00 |
| 2 | Sep 2009 to at least end Aug 2010 | 365.00 | 365.00. | |
| 3 | August 2010 | 350.00 | 350.00 | |
| 4 | August 2010 | 350.00 | 350.00 | |
| TOTAL: | 4245.00 | 4245.00 |
