31 Hoffman Street

Welcome to 31 Hoffman Street, Kitchener – a fantastic Multi-Family Home for sale in Kitchener that offers an incredible opportunity for investors or those looking to live in one unit while renting out the other. This property is nestled in the charming community of 311 - Downtown/Rockway/S. Ward, making it a prime spot for families and individuals alike. With its proximity to highways, schools, parks, shopping, and public transport, you really can't ask for a better location.

Now, let’s dive into what this splendid Multi-Family Home for sale in Kitchener has to offer. Although the property is set up as a multiplex, it’s important to note that it features a total of zero bedrooms in the main description, which might seem a bit unusual. However, the layout is flexible and can be tailored to suit your needs. The main floor is designed for comfort and convenience, boasting a full bathroom and a spacious living/dining area. While there isn’t a kitchen listed in the features, the potential for creating a welcoming space is immense, allowing you to add your personal touch.

The basement of this Multi-Family Home for sale in Kitchener is where the magic happens. It comes with a separate entrance, making it ideal for privacy and independence. The basement unit is fully finished and currently occupied by a fantastic tenant, providing you with a steady stream of rental income right from day one. This unit includes two bedrooms and a full bathroom, along with a living/dining space that benefits from large windows, flooding the area with natural light. It’s a perfect setup for anyone looking to invest in a property that generates income while still having the option to live on the main floor.

The exterior of 31 Hoffman Street, Kitchener, is equally appealing. With a private entrance and separate hydro meters, you’ll find that managing this property is a breeze. There’s no garage space, but the private double-wide driveway offers ample parking for up to six vehicles, which is a real bonus in this bustling area. Although there isn’t a pool, the outdoor space is still quite generous, sitting on a 55 X 97 acres lot, which is less than half an acre but offers plenty of room for outdoor activities.

Inside, you’ll be pleased to find a range of additional features that enhance the living experience. The property is equipped with central air conditioning, ensuring comfort during those hot summer months. There’s a fireplace, which adds a lovely touch of warmth and charm, perfect for cosy evenings in. The home also includes essential appliances such as a dishwasher, dryer, refrigerator, stove, and washer, making it move-in ready for both you and your tenants.

Heating is provided by a forced air system powered by natural gas, and the hot water tank is owned, which is a great advantage. Additionally, a water softener is installed, ensuring that you have quality water throughout the property. It’s worth mentioning that the property does not have a central vacuum system, but with the various other features available, this should not pose a significant issue.

In summary, 31 Hoffman Street, Kitchener, is a remarkable Multi-Family Home for sale in Kitchener that presents a unique opportunity for both investors and homeowners. With its strategic location, flexible living arrangements, and a host of features designed for comfort and convenience, this property is a smart choice for anyone looking to make a sound investment in a desirable area. Don’t miss out on this chance to own a piece of Kitchener real estate that’s ready to generate income and provide a wonderful living experience.

The 311 - Downtown/Rockway/S. Ward area in Kitchener is a vibrant and diverse neighbourhood that beautifully blends urban convenience with a touch of natural charm. Nestled close to the city centre, it boasts an array of amenities, including eclectic shops, delightful cafes, and cultural attractions, making it an ideal spot for those who appreciate a lively atmosphere. The nearby Rockway Park offers green spaces and recreational opportunities, perfect for leisurely strolls or outdoor activities. With its rich history and a strong sense of community spirit, this area presents a welcoming environment for new residents looking to enjoy the best of city living while still being close to nature.

Schools in the Neighbourhood

This property is conveniently located near a variety of educational institutions, making it an ideal choice for families. The closest school is Queen Elizabeth Public School, just 0.4 km away, offering elementary education from JK to grade 6, with a solid rating of 3.8. For older elementary students, Courtland Senior Public School is 1.4 km away, although it currently has a rating of 0. Cameron Heights Collegiate Institute, also 1.4 km away, provides secondary education for grades 9 to 12 and boasts a commendable rating of 7.7. Other nearby schools include Sheppard Public School (1.8 km) and St. Bernadette Catholic Elementary School (0.9 km), offering a mix of English and French language instruction. For secondary education, Kitchener-Waterloo Collegiate and Vocational School (3.5 km) and St. Mary's High School (1.6 km) are available, with ratings of 7 and 5.4, respectively. The area also features additional options like Stanley Park Senior Public School and St. Anne Catholic Elementary School, catering to diverse educational needs. Overall, this location provides excellent access to a range of schools, ensuring quality education for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,052 residents, with an average household size of 2.2 individuals. The community's average age is 41.7 years, and the average household income stands at $61,800. Notably, 20.2% of the population is classified as low-income. The real estate market reflects an average property price of $490,000, with 73.2% of residents being renters. A significant portion of the population, 52.3%, is single, while households with children make up 33.33% of the community. Immigrants constitute 37.07% of the population, indicating a diverse demographic. Educational attainment is relatively high, with 35.15% of residents holding a college or university degree. However, a substantial 38.79% of the population is not in the labor force, which may impact local economic dynamics. Additionally, condominiums represent 11.34% of the housing options available in the area. This demographic profile highlights a vibrant, diverse community with a mix of families, singles, and a significant number of renters, contributing to a unique living environment.