35 Shaftsbury Drive

Nestled in the heart of Kitchener, at 35 Shaftsbury Drive, this remarkable Multi-Family Home for sale in Kitchener is an absolute treasure for both investors and those looking to occupy a space while generating income. With a prime location in the desirable Waterloo area, this purpose-built multiplex boasts a generous layout and a plethora of features that make it a standout property.

This two-storey brick building, with an age ranging from 51 to 99 years, is a solid investment opportunity with a 6% cap rate. The property is designed to house three separate units, making it an ideal Multi-Family Home for sale in Kitchener. The layout includes two spacious three-bedroom units, each measuring approximately 1,150 square feet, and a bright, updated one-bedroom lower-level unit. This arrangement not only maximises rental income but also offers a comfortable living space for potential owner-occupiers.

As you step inside this lovely home, you’ll find a total of 14 rooms, including a den that can be used for a variety of purposes. The property features two kitchens, one for each of the larger units and an additional kitchen in the lower-level unit, ensuring that every tenant has the convenience of cooking facilities. The modern updates throughout the units include stylish granite countertops and open-concept layouts that create a welcoming atmosphere. Vinyl flooring adds to the contemporary feel, while ample natural light streams in, particularly in the basement unit, which has been designed to be both functional and inviting.

One of the key selling points of this Multi-Family Home for sale in Kitchener is the outdoor space. Each unit has access to private balconies or patios, perfect for enjoying the fresh air, while a shared backyard provides a communal area for all residents. The basement unit, with its new kitchen, is particularly appealing, offering a cosy retreat for its occupants.

Utility costs are kept manageable, as tenants are responsible for all utilities, and each unit is equipped with separate hydro meters. The property also boasts a private double driveway, providing parking for up to five vehicles, along with an attached two-car garage—ideal for those who appreciate the convenience of covered parking. Recent upgrades, including a new boiler (2021), chimney liner (2021), and electrical updates (2013), ensure that the property is not only aesthetically pleasing but also structurally sound and efficient.

At 35 Shaftsbury Drive, Kitchener, you’ll find that this Multi-Family Home for sale in Kitchener is not just a property; it’s a lifestyle choice. Located just steps away from shopping centres, parks, schools, and various amenities, the location is perfect for families and professionals alike. The area is vibrant and full of life, making it an attractive place for potential tenants.

Moreover, the property sits on a lot measuring 65 x 111 feet, with additional land under half an acre, providing ample space for outdoor activities. While there is no pool or fireplace, the home is equipped with wall unit air conditioning to keep you cool during the warmer months. The finished basement adds an extra layer of versatility to the property, allowing for additional living space or storage as needed.

In summary, this Multi-Family Home for sale in Kitchener at 35 Shaftsbury Drive is a fantastic investment opportunity that combines income potential with modern comforts. With its well-thought-out design, prime location, and impressive rental income, it’s a property that should not be missed. Whether you’re an investor looking to expand your portfolio or a homeowner wanting to offset your mortgage with rental income, this home ticks all the boxes. Don’t miss out on the chance to make this incredible property your own!

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you'll find Crestview Public School (0.7 km), which offers both English and French instruction for grades JK to 6, boasting a solid rating of 6.6. Chicopee Hills Public School (1.7 km) provides education from JK to 8, with a rating of 6.2. For secondary education, Grand River Collegiate Institute is just 0.5 km away, catering to grades 9 to 12 with a rating of 6.1. Additionally, Stanley Park Senior Public School (1.2 km) serves grades 7 to 8, although it currently has a rating of 0. For those interested in Catholic education, St. Daniel Catholic School (1.4 km) offers grades JK to 8 with a rating of 4.1, while St. Mary's High School (4.6 km) serves grades 9 to 12 with a rating of 5.4. St. Anne Catholic Elementary School (3.1 km) offers French instruction for grades 1 to 7, with a rating of 5.4. Overall, the area is well-served by a variety of public and Catholic schools, providing ample educational opportunities for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 436 residents, with an average household size of 2.5 individuals. The demographic profile indicates a mature community, with an average age of 43.1 years. The average household income stands at $89,000, reflecting a relatively affluent population, with only 7.2% classified as low-income. The real estate market is robust, with an average property price of $600,000. The community is diverse, with 30.23% of residents being immigrants and a significant portion (40.74%) of households having children. Socially, the area has a balanced demographic, with 46.05% of the population being single and 31.43% of households renting their homes. Additionally, 8.57% of the properties are condominiums. Educational attainment is noteworthy, with 48.05% of residents holding a college or university degree. However, a considerable segment of the population (38.96%) is not in the labor force, indicating potential challenges in employment opportunities. Overall, this neighborhood combines a mix of family-oriented households, educated residents, and a diverse cultural background, making it an attractive place for potential homebuyers.