8 Onward Ave

Kitchener | | N2H 3J7
  • 4
  • 3
  • 0

$725,000

Est. Mtg $2,458 /mo
  • Days on market

    28

  • Status

    New

Listing Broker CHESTNUT PARK REALTY SOUTHWESTERN ONTARIO LTD.
Since listed: 0 views

Home details

MLS #:

X9363517

Property type:
Multiplex
Style:
1 1/2 Storey
Taxes:
$4,124
Possession:
Immediate
Lot Front:
35.0   Feet
Lot Depth:
166.0   Feet
Basement:
Apartment | Fin W/O
Driveway Pkg:
5
Heat:
Gas | Forced Air

Description


8 Onward Ave, , Kitchener, Ontario is a Multiplex property in Kitchener and in the community in the N2H 3J7 postal code


Welcome to 8 Onward Ave, a 3-unit home ideal for multi-family or multi-generational living. Situated on a large lot in the desirable East Ward, this property offers a great investment opportunity with its 3 units. There's potential for expansion by adding an addition, extending into the attic, or even building a garden suite. The home has a convenient side entrance, parking for up to 4 vehicles, and a new back deck that provides access to the two upper units. The main floor and basement units are currently tenanted, offering immediate rental income, while the upper floor is vacant and ready for new occupants. Located in a highly walkable neighborhood, its just steps from the ION LRT, downtown Kitchener, trendy cafes, parks, shopping, and the farmers market. Nearby are the AUD auditorium, Sheppard and Cameron Heights schools, and Rockway Golf Course. Commuters will appreciate quick access to major highways. The property next door, 12 Onward Ave, is also for sale, offering a rare chance to acquire both homes, creating a unique multi-generational compound or development potential. The combined lots offer room for further development, whether by expanding existing structures or adding new amenities. This is a unique opportunity to secure a triplex and the option of the adjacent property in a thriving community. Ask the listing agent about upcoming by-law changes that will allow for even more density options!.

Extras

**INTERBOARD LISTING: CORNERSTONE - WATERLOO REGION REAL ESTATE ASSOC**.


History

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List Date End Date List Price End Price Status MLS #
2024-09 2024-09 $725,000 $725,000 New X9363517

Comparables

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sold Date Address List Price sold Price DOM
2023-09 61 Queenston St, $599,900 $542,000 89
2022-01 109 Lake St, $750,000 $750,000 6
2021-01 69 St. Patrick St, $650,000 $685,000 4

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Kitchener :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 8 Onward Ave

Based on available 3rd party data

$2937

Approximate costs per month

Mortgage
$2458 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$343 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker CHESTNUT PARK REALTY SOUTHWESTERN ONTARIO LTD.
Data Source: TRREB

Payment calculator

$2802 monthly. In association with: TD Bank
%
  • Principal and Interest
    2458 /mo
  • Property Taxes
    $343 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Ali Norouzi, Realtor

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