88 Woodhaven Road Kitchener, Ontario N2C 1V1
$1,049,000
A rare opportunity to own a property featuring three legal living 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 the ideal multi-generational lifestyle where everyone enjoys their own private space, or maximize the property's investment potential with projected rental income of approximately $6,000 per month ($72,000 annually). Vendor Take-Back financing is available with a minimum 30% down payment, offering additional flexibility for qualified buyers. A rare opportunity offering an projected 6% cap rate in today's market. (id:61499)
Property Details
| MLS® Number | 40842942 |
| Property Type | Multi-family |
| AmenitiesNearBy | Place Of Worship, Public Transit, Schools, Shopping |
| CommunityFeatures | Community Centre |
| EquipmentType | Water Heater |
| Features | Paved Driveway, Private Yard |
| ParkingSpaceTotal | 4 |
| RentalEquipmentType | Water Heater |
| Structure | Shed, Porch |
Building
| BathroomTotal | 3 |
| BedroomsTotal | 6 |
| Appliances | Water Softener |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1958 |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 1927 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Land
| AccessType | Highway Access |
| Acreage | No |
| FenceType | Fence |
| LandAmenities | Place Of Worship, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 110 Ft |
| SizeFrontage | 52 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R2 |
https://www.realtor.ca/real-estate/29951567/88-woodhaven-road-kitchener
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Contact us for more information
Nicole Ashley Prokopowicz
Salesperson
75 King Street South Unit 50a
Waterloo, Ontario N2J 1P2
William Prokopowicz
Salesperson
75 King Street South Unit 50
Waterloo, Ontario N2J 1P2
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July 08 2026 01:30:00
Chestnut Park Realty Southwestern Ontario Limited, Chestnut Park Realty Southwestern Ontario Ltd., Brokerage