ON > Kitchener
Kitchener, ON N2A2R6,62 GREENDALE CRESCENT
Kitchener, ON N2A2R6,62 GREENDALE CRESCENT
Kitchener, ON N2A2R6,62 GREENDALE CRESCENT
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$700,000
Est. payment /mo
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4 Beds
2 Baths
700 SqFt
Active

62 GREENDALE CRESCENT Kitchener, ON N2A2R6

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Mica Sadler

Mica Sadler

+1(519) 589-3521

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 700 sqft

Price per Sqft $1,000

MLS® Listing ID X12418615

Style Bungalow

Bedrooms 4

Source Toronto Regional Real Estate Board

Property Description

Legal Duplex Investment Every strong portfolio starts with the right property, the kind of investment that generates income today while positioning you for long-term growth. 62 Greendale Crescent is exactly that: a fully permitted, legal duplex with proven rental income, market demand, and the fundamentals investors look for. The upper 2-bedroom unit is already leased at $2,100 per month, providing stable cash flow from day one. The lower 2-bedroom suite, with its own entrance and full layout, is vacant and ready for a new tenant at approximately $1,900$2,100 per month or it can serve as an ideal in-law arrangement while maintaining income from upstairs. With projected annual rents of approximately $48,000 and manageable operating expenses, investors can expect a cap rate in the 5 percent range. With financing available at current interest rates around 4 percent, cash-on-cash returns project in the low-to-mid single digits, with realistic potential for positive monthly cash flow. These are the fundamentals that matter, and they are rarely found at this level in todays market. Unlike many competing listings, this property is already legally compliant, offers parking for five vehicles, a fenced yard, and a low-maintenance setup. Its location near schools, shopping, transit, and highway access further ensures ongoing tenant demand and long-term stability. For first-time investors or those adding to a growing portfolio, 62 Greendale Crescent represents more than just a duplexit is an opportunity to secure reliable returns, build equity, and take the next step toward financial growth with confidence. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Lower level 6.25 m X 3.89 m Utility room

Extra Room 2 Lower level 7.7 m X 3.28 m Kitchen

Extra Room 3 Lower level 4.72 m X 3.28 m Bedroom 3

Extra Room 4 Lower level 3.86 m X 2.41 m Bedroom 4

Extra Room 5 Lower level 2.79 m X 1.5 m Bathroom

Extra Room 6 Lower level 1.75 m X 1.47 m Other

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features Yes

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Story 1

Sewer Sanitary sewer

Architectural Style Bungalow

Others

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Mica Sadler

Mica Sadler

CEO | REALTOR®

+1(519) 589-3521

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62 GREENDALE CRESCENT

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