22 Sherwood Avenue

Welcome to 22 Sherwood Avenue, Kitchener, a remarkable Multi-Family Home for sale in Kitchener that has been fully renovated to meet modern living standards. Nestled in a quiet and family-friendly neighbourhood, this property offers a unique opportunity for investors, homeowners, or multi-generational families seeking a versatile living arrangement. The renovations, completed in 2023 with all necessary permits and inspections, ensure that this home is not only aesthetically pleasing but also functional and compliant with current regulations.

This Multi-Family Home for sale in Kitchener features a well-designed layout that includes a main unit and a lower unit, providing flexibility for various living situations. The main unit, which is currently vacant, boasts three spacious bedrooms and two full four-piece bathrooms, making it ideal for families or individuals looking for ample space. The modern kitchen is a standout feature, equipped with stainless steel appliances, quartz countertops, and soft-close cabinetry, all of which contribute to a sleek and contemporary aesthetic. Additionally, there is a separate dining room that overlooks the backyard, creating a perfect setting for family meals and entertaining guests.

The lower unit of this Multi-Family Home for sale in Kitchener is currently tenanted, generating a rental income of $2,200 per month. This unit features two bedrooms, a four-piece bathroom, and a modern kitchen complete with an island, providing a comfortable and inviting living space. The open-concept living room is perfect for relaxation, and the in-suite laundry adds convenience for tenants. With its own private entrance, this lower unit ensures privacy and independence for its occupants.

Situated on a generous lot measuring 51 x 128 feet, the property includes a large backyard that is garden suite-ready. The groundwork has already been laid, with plumbing and electrical rough-ins, planned drawings, and open permits in place, presenting an incredible opportunity for additional income or extended living space. Whether you envision a garden suite for guests or a rental unit, the potential here is significant.

Parking is never an issue at 22 Sherwood Avenue, Kitchener, as the property includes a covered carport and a private double driveway that can accommodate up to six vehicles. This is particularly advantageous for families with multiple cars or for those who wish to provide parking for tenants.

The interior of this Multi-Family Home for sale in Kitchener has been thoughtfully updated with new laminate flooring throughout, ensuring a carpet-free environment that is both stylish and easy to maintain. The electrical system has been upgraded, and the heating has been converted from electric to gas, providing efficient warmth during the colder months. The four-piece bathrooms have also been modernised, and fresh paint throughout the home gives it a bright and inviting feel.

In summary, 22 Sherwood Avenue, Kitchener, is a rare find in today’s market. Whether you are looking to live in one unit while renting out the other or seeking to expand your property portfolio with three potential rental units, this Multi-Family Home for sale in Kitchener offers exceptional flexibility and value. With its prime location, modern amenities, and potential for additional income, this property is a fantastic opportunity not to be missed. Don't hesitate to arrange a viewing and explore the possibilities that await you at this splendid residence.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Smithson Public School, just 0.3 km away, offering elementary education (grades K to 6) with a solid school rating of 6.4. For older elementary students, Margaret Avenue Senior Public School (2.0 km) and Stanley Park Senior Public School (1.4 km) provide grades 7 to 8, though they currently have no ratings. Secondary education options include Eastwood Collegiate Institute (1.7 km), with a rating of 5.2, and Kitchener-Waterloo Collegiate and Vocational School (3.5 km), which boasts a higher rating of 7. Additionally, there are Catholic education options, such as St. Daniel Catholic School (1.5 km) for grades JK to 8, rated at 4.1, and St. Mary's High School (3.7 km) for grades 9 to 12, rated at 5.4. The diverse language offerings include English and French, catering to various preferences. With a mix of public and Catholic schools nearby, families will find ample choices for their children's education.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 433 residents and an average household size of 2.1 individuals. The average age of residents is 43.8 years, indicating a mature population. The average household income stands at $84,000, with 9% of the population classified as low-income. The real estate market reflects an average property price of $630,000, highlighting a potentially affluent neighborhood. A significant portion of the population, 51.28%, is single, while 33.33% of households have children, suggesting a mix of family and single-person households. The area has a relatively low percentage of immigrants at 6.58%, and 37.21% of residents are renters, indicating a diverse housing market. Notably, there are no condominiums in the area, which may appeal to those seeking single-family homes. Education levels are high, with 61.97% of residents holding a college or university degree, while 26.76% are not in the labor force, suggesting a stable community with a focus on education and professional development. Overall, this demographic information paints a picture of a well-educated, mixed-age community with a healthy income level and diverse housing options.