Sold for:Sold Jan 22, 2025
$1,049,000

14 Kennedy Avenue

Kitchener (Downtown Kitchener/West Ward), ON N2G 2Z8

Multiplex SoldNot available

Property not available for sale or for rent.

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Sale & Price History for 14 Kennedy Avenue, Kitchener, Downtown Kitchener/West Ward

2025-02-13
2025-06-16
Expired
Price
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2025-02-13
2025-05-12
Expired
Price
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2025-02-13
2025-05-12
Expired
Price
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2024-10-21
2025-01-22
Sold
Price
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MLS#
x9508048

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 14 Kennedy Avenue, Kitchener, Downtown Kitchener/West Ward

Fully renovated, fully furnished and fully rented out with Mid Term Rentals, this legal triplex features excellent rents. The is one of the most lucrative investment properties on the market. 6% Cap Rate. Come check this out this great income producing property and find out how you can cash flow right away. This is a Turn Key, Ready, Set and Go opportunity for an investor. Close to vibrant downtown core, public transit and Hwy 7/8, Kitchener Market, ION and Victoria Park and walking& bike trails. Three completely independent units, each with separate entrances and a parking spot. This property was completely renovated to cater for higher rents on the mid-term market quartz countertops, stainless steel appliances, including dishwasher sand individual washer and dryers, modern bathrooms, and fully furnished to the highest detail living rooms, bedrooms, kitchen and baths, all the furniture and appliances and TV's are included in the sale.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$3,450
Land Transfer Tax Fee
$17,455

Rental Items

Rental Equipment
Water heater

Basement Type
Apartment, Separate Entrance

Interior Features

Interior Extras
Other
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None
Property Features
Public Transit, School Bus Route
Other Structures
Garden Shed

Building

Building Type
Multiplex
Building Style
2-Storey

Construction

Exterior Finish
Brick, Shingle
Roof
Asphalt Shingle
Foundation Details
Poured Concrete
Special Designation
Unknown

Lot

Lot Front
40.00 ft
Lot Depth
100.00 ft

Inclusions

Inclusions
Stainless Steel Appliances - 3 dishwashers, 3 fridges, 3 stoves, 3 sets of washer/dryers, furniture - 4 queen beds, 3 pull out sofas, 3 dining tables, 8 chairs, 3 tv stands, 3 TVs, 2 office tables

Exclusions

Exclusions
Occupants' belongings

Parking & Garages

Garage Type
None
Garage Spaces
3
Parking Spaces
3
Total Garage And Parking Spaces
3

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes

Bedrooms
3 + 1
Washrooms
3
Kitchens
3

Room sizes

  • Living Room—
    Main level, Vinyl Floor, Open Concept
  • Kitchen—
    Main level, Stainless Steel Appl, Quartz Counter, Custom Backsplash
  • Primary Bedroom—
    Main level, Vinyl Floor, Closet
  • Bedroom 2—
    Main level, Vinyl Floor, Closet
  • Bathroom—
    Main level, 3 Pc Bath, Tile Floor
  • Living Room—
    Second level, Vinyl Floor, Closet
  • Primary Bedroom—
    Second level, Vinyl Floor, Closet
  • Bathroom—
    Second level, 3 Pc Bath, Tile Floor
  • Kitchen—
    Second level, Stainless Steel Appl, Quartz Counter, Custom Backsplash
  • Living Room—
    Basement level, Vinyl Floor, Open Concept
  • Primary Bedroom—
    Basement level, Vinyl Floor, Semi Ensuite, 3 Pc Bath
  • Kitchen—
    Basement level, Stainless Steel Appl, Quartz Counter, Custom Backsplash

Washrooms

  • 3-piece, Main
  • 3-piece, Second
  • 3-piece, Basement

Municipality
Kitchener
Neighbourhood
Downtown Kitchener/West Ward
Main cross streets
Courtland to Kent to Kennedy
Zoning
R5

MLS® number
X9508048
Data source
Toronto Regional Real Estate Board
Status change
2025-01-22
Listed on
2024-10-21
Days on market
93 days
Possession type
Flexible/Immediately
Co-op commission
2% + HST
Seller
Listed by
SEARCH REALTY

Home Market Value

Current home valuation for 14 Kennedy Avenue, Kitchener, Downtown Kitchener/West Ward, Kitchener, ON. Listed for $1,049,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 14 Kennedy Avenue, Kitchener, Downtown Kitchener/West Ward

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Kitchener, ON
Minimum Down Payment Required:7.6%

5% on first $500K + 10% on $549,000 over $500K

Minimum down payment

$79,900

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
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%
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%
$
+CMHC insurance
$38,729$29,267$24,966$0
=Total mortgage
$1,006,956$973,367$916,616$839,200
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$4,916monthly$4,752monthly$4,475monthly$4,097monthly
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Land Transfer Tax

Provincial

$17,455

Total Land Transfer Tax

$17,455

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