88 WOODHAVEN DRIVE, Kitchener, ON, N2C 1V1

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$950,000
New Listing

88 WOODHAVEN DRIVE
Kitchener, ON N2C 1V1

For Sale|Multi Family|Active
6
Beds
3
Total Baths
Call Now: (226) 907 4448
Is this the listing for you? We can help make it yours.
(226) 907 4448
88 WOODHAVEN DRIVE88 WOODHAVEN DRIVE88 WOODHAVEN DRIVE88 WOODHAVEN DRIVE
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Monthly Payment (Est.)

$4,334
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A RARE OPPORTUNITY TO OWN A PROPERTY FEATURING THREE LEGAL UNITS in a friendly, established neighbourhood. Whether you're looking for the perfect multi-generational setup, a mortgage helper, or a turnkey investment, this versatile property offers exceptional flexibility. The main level features a bright, open-concept living and dining area filled with natural light, three generously sized bedrooms, and a full bathroom, creating a comfortable space to call home. The finished lower level is a fully self-contained two-bedroom suite complete with its own kitchen, offering privacy and independence for extended family or rental income. Adding even more value is the detached legal one-bedroom accessory dwelling unit, complete with its own kitchen, bathroom, and in-suite laundry, providing a completely separate living space for family, guests, or tenants. Situated on one of the larger lots in the neighbourhood, measuring approximately 52' x 109', the fully fenced backyard offers generous outdoor space for everyone to enjoy. Ideally located on a quiet street close to schools, parks, shopping, public transit, the ION LRT, and major highways, convenience is right at your doorstep. Recent updates include new flooring throughout, custom built-in cabinetry, a 200-amp electrical service, and an on-demand water heater (2021). Live in the spacious main unit while the two additional legal units help offset a significant portion of your monthly living expenses, create an ideal multi-generational living arrangement where everyone can enjoy their own private space, or take advantage of the property's full investment potential with projected rental income of approximately $5,600 per month ($67,200 annually). Vendor Take-Back financing is available with a minimum 30% down payment, providing additional flexibility for qualified buyers. With a projected cap rate of over 6%, this is a rare opportunity for both owner-occupiers and investors in today's market. (id:31684)

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Listing Snapshot
Price 
$950,000
Days On Site 
0 Days
Bedrooms 
6
Inside Area (SqFt) 
N/A
Total Baths 
3
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
N/A
MLS® Number 
X13768322
Status 
Active
Property Tax 
$5,609.93
Maintenance Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
21 hours agoListing updated with changes from the MLS®
22 hours agoListing first seen on site
General Features
Garage 
Yes
Number Of Stories 
1
Parking 
GarageDetached
Parking Spaces 
4
Property Sub Type 
Multi Family
Style 
Bungalow
Water Source 
Public
Zoning 
RES 2
Interior Features
Appliances 
CooktopWasherRefrigeratorDishwasherDryer
Basement 
FullApartment
Cooling 
Central Air
Heating 
Forced AirNatural Gas
Interior 
In-Law Floorplan
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Exterior Features
Construction Details 
Brick
Fencing 
Fenced
View 
City
Waterview 
City

Listing courtesy of: NICOLE ASHLEY PROKOPOWICZ of CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. These trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.

Neighborhood & Commute
Source: Walkscore
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