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$1,199,900
Available - For Sale
Listing ID: X12073669
35 Shaftsbury Driv , Kitchener, N2A 1N4, Waterloo
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.
Price $1,199,900
Taxes: $4,786
Assessment Year: 2024
Occupancy by: Tenant
Address: 35 Shaftsbury Driv , Kitchener, N2A 1N4, Waterloo
Directions/Cross Streets: Ottawa/Shaftsbury
Rooms: 14
Rooms +: 4
Bedrooms: 6
Bedrooms +: 1
Washrooms: 3
Family Room: T
Basement: Finished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Second Bedroom 9.45 13.91
Room 2: Second Primary B 14.99 9.48
Room 3: Second Bedroom 2 11.55 8.63
Room 4: Second Bathroom 9.32 6.49 4 Pc Bath
Room 5: Second Kitchen 9.38 7.74
Room 6: Second Living Ro 11.41 15.38
Room 7: Second Dining Ro 12.99 12.27
Room 8: Main Bedroom 9.38 13.78
Room 9: Main Primary B 14.69 9.38
Room 10: Main Bedroom 2 11.15 8.89
Room 11: Main Bathroom 9.38 6.46 4 Pc Bath
Room 12: Main Kitchen 9.38 7.81
Room 13: Main Dining Ro 9.74 12.20
Room 14: Main Living Ro 10.96 15.25
Room 15: Basement Bedroom 11.05 18.24
No. of Pieces Level
Washroom 1:  4 Second
Washroom 2:  4 Main
Washroom 3:  3 Basement
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Second
Washroom 7:  4 Main
Washroom 8:  3 Basement
Washroom 9:  0
Washroom 10:  0
Property Type: Duplex
Style: 2-Storey
Exterior: Brick
Garage Type: Attached
(Parking/)Drive: Private Do
Drive Parking Spaces: 5
Park #1
Parking Type: Private Do
Park #2
Parking Type: Private Do
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 2000-2500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Radiant
Central Air Conditioning: Wall Unit(s
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Down payment: $  
Interest Rate: %  
Amortization :  Years
Payment Frequency:
Your Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Forest Hill Real Estate Inc.

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