Sold for:Sold Dec 4, 2024
$699,000

8 Onward Avenue

Kitchener (King East), ON N2H 3J7

Multiplex SoldNot available

Property not available for sale or for rent.

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Sale & Price History for 8 Onward Avenue, Kitchener, King East

2024-09-11
2024-12-04
Sold
Price
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MLS#
x9363517

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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 8 Onward Avenue, Kitchener, King East

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!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$4,124
Land Transfer Tax Fee
$10,455

Basement Type
Apartment, Finished with Walk-Out

Interior Features

Interior Extras
Water Softener
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
1 1/2 Storey
Approx Age
51-99

Construction

Exterior Finish
Aluminum Siding
Roof
Asphalt Shingle
Foundation Details
Poured Concrete
Special Designation
Unknown

Lot

Lot Front
35.00 ft
Lot Depth
166.00 ft

Inclusions

Inclusions
3 Refrigerator, 3 Stove, 3 Freezer, Microwave, Washer, Dryer, Dishwasher, Window Coverings, All Electrical Light Fixtures

Parking & Garages

Garage Type
None
Garage Spaces
5
Parking Spaces
5
Total Garage And Parking Spaces
5

Heating & Cooling

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

Bedrooms
4
Washrooms
3
Kitchens
3

Room sizes

  • Living Room—
    Main level
  • Kitchen—
    Main level
  • Bedroom—
    Main level
  • Bedroom—
    Main level
  • Bedroom—
    Upper level
  • Living Room—
    Upper level
  • Kitchen—
    Upper level
  • Bedroom—
    Basement level
  • Kitchen—
    Basement level
  • Living Room—
    Basement level
  • Laundry—
    Basement level

Washrooms

  • 4-piece, Main
  • 4-piece, Upper
  • 4-piece, Basement

Municipality
Kitchener
Neighbourhood
King East
Main cross streets
King Street
Zoning
R5

MLS® number
X9363517
Data source
Toronto Regional Real Estate Board
Status change
2024-12-04
Listed on
2024-09-11
Days on market
84 days
Possession type
Immediately
Co-op commission
2.5% + HST
Seller
Listed by
CHESTNUT PARK REALTY SOUTHWESTERN ONTARIO LTD.

Home Market Value

Current home valuation for 8 Onward Avenue, Kitchener, King East, Kitchener, ON. Listed for $699,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 8 Onward Avenue, Kitchener, King East

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

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Mortgage Payment Calculator

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Kitchener, ON
Minimum Down Payment Required:6.4%

5% on first $500K + 10% on $199,000 over $500K

Minimum down payment

$44,900

Scenario 1 Scenario 2 Scenario 3 Scenario 4
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+CMHC insurance
$26,143$19,502$16,636$0
=Total mortgage
$679,708$648,602$610,786$559,200
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Payment frequency
=Mortgage payment
$3,319monthly$3,167monthly$2,982monthly$2,730monthly
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Land Transfer Tax

Provincial

$10,455

Total Land Transfer Tax

$10,455

Around this home

7/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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6.0 /10

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Public·elementary·370m

7.5 /10

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8.4 /10

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6.1 /10

St. Mary's

Private·secondary·2.6km

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