110 Stonybrook Drive

Introducing a remarkable opportunity: a Multi-Family Home for sale in Kitchener , located at 110 Stonybrook Drive, Kitchener. This exceptional property is set on a generous lot measuring 60 x 104 feet in a tranquil and mature neighbourhood, making it an ideal choice for both investors and multi-generational families. With a solid all-brick bungalow design, this legal duplex offers incredible value, particularly with a promising 5.5% cap rate.

The property features a total of six rooms on the main floor, complemented by an additional eight rooms, providing ample space for comfortable living. The main kitchen is thoughtfully designed, and there is an additional kitchen that enhances the functionality of this Multi-Family Home for sale in Kitchener. The main living area boasts a bright, open-concept layout, enhanced by recent renovations exceeding $70,000. The modernisation includes stunning quartz countertops, an updated bathroom, and stylish vinyl flooring throughout, ensuring a contemporary feel that is both inviting and practical.

This Multi-Family Home for sale in Kitchener includes three spacious bedrooms on the upper level, alongside a well-appointed bathroom. Large windows flood the space with natural light, creating a warm and welcoming atmosphere. Additionally, the upper unit features in-suite laundry, adding to the convenience of this remarkable property. The lower level is equally impressive, boasting its own private entrance and a walkout to a vast backyard, perfect for outdoor activities and family gatherings. This area includes two bedrooms and a bathroom, along with its own in-suite laundry facilities, making it a self-sufficient living space.

While the property does not feature a pool or a fireplace, it compensates with a family room that provides a comfortable space for relaxation and entertainment. The absence of air conditioning and a central vacuum system is noteworthy, yet the property is equipped with municipal water and sewer services, ensuring essential utilities are readily available. The heating is provided by a baseboard system, which is efficient and effective for this type of dwelling.

Parking is not an issue, as the property offers space for up to four vehicles, making it convenient for residents and guests alike. Although there is no garage or driveway, the ample parking area provides flexibility for multiple vehicles. The property is unfurnished, allowing new owners the freedom to personalise the space to their liking.

Located in the highly sought-after Forest Hill area, 110 Stonybrook Drive, Kitchener, is just steps away from scenic trails and top-rated schools, making it a prime location for families. Furthermore, it is only minutes from downtown Kitchener and provides easy access to major highways, enhancing its appeal for commuters and those who enjoy the vibrancy of city life.

In summary, this Multi-Family Home for sale in Kitchener at 110 Stonybrook Drive, Kitchener, presents a unique opportunity for savvy buyers. With its legal duplex status, extensive renovations, and prime location, it is a property that will undoubtedly attract interest. Whether you are an investor seeking a lucrative rental opportunity or a family looking for a spacious home with the potential for multi-generational living, this property is sure to meet your needs. Don’t miss your chance to explore this exceptional offering—properties like this do not stay on the market for long!

Schools in the Neighbourhood

This property is ideally situated near several reputable schools, providing excellent educational opportunities for families. The closest is Forest Hill Public School, just 0.4 km away, which offers English instruction for grades JK to 6 and boasts a commendable rating of 4.6. For older children, Laurentian Senior Public School (1.0 km) serves grades 7 to 8, while the highly-rated Forest Heights Collegiate Institute (1.7 km) caters to secondary students in grades 9 to 12 with an impressive rating of 4.9. Additionally, Southridge Public School (1.3 km) offers French-language education for grades 1 to 6 and has a remarkable rating of 5.1. Monsignor Haller Catholic Elementary School (1.1 km) and St. Mary's High School (2.8 km) are also nearby, providing quality Catholic education with ratings of 4.7 and 5.4, respectively. For those seeking a French-language curriculum, Westheights Public School and Kitchener-Waterloo Collegiate and Vocational School are within a short distance. Overall, this location is perfect for families prioritizing access to quality education in both public and Catholic school systems.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 563 residents, with an average household size of 2. The community is characterized by a median age of 43.5 years, indicating a mature demographic. The average household income stands at $81,000, though 18.4% of the population is classified as low-income. Housing prices are relatively high, with an average property value of $700,000. A significant portion of the population, 54.17%, is single, while 25.81% of households include children, suggesting a mix of family structures. The area is also home to a diverse population, with 20.18% of residents being immigrants. Renters make up a substantial 58.18% of the housing market, and condominiums represent 7.27% of the available housing options. Educational attainment is noteworthy, with 50% of the population holding a college or university degree. However, a considerable 31.91% of residents are not participating in the labor force, which may reflect various socio-economic factors in the community. Overall, this demographic profile highlights a blend of single individuals, families, and a diverse population, set against a backdrop of relatively high housing costs and varying income levels.