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$799,000 total
—
Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA8 — Medium Rise
$ / SF
—
Occupancy
89%
Year Built
1968
Lot Size
0.16 ac
Rare Legal Triplex in the Heart of Chicopee! This well-located property offers a fantastic opportunity for investors or buyers looking for flexible multi-unit living. Featuring three self-contained units, each with its own kitchen and full bathroom, this property provides excellent versatility and income potential. The finished lower level offers a living area, kitchen, 2 bedrooms and a 3-piece bathroom. The main and upper levels each feature a full kitchen, 3 bedrooms and a 4-piece bathroom. With three separate entrances and parking for up to five vehicles, the property is designed for convenient multi-unit living. Tenants pay their own hydro, while the property also features shared coin-operated laundry for added income potential. Ideally located in an established Kitchener neighbourhood, close to parks, schools, shopping, transit, and major amenities. A rare opportunity to own a legal triplex with three independent living spaces—whether you are expanding your investment portfolio or looking for a flexible property with future potential, you won't want to miss it. (id:66811)
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Monthly debt service
$4K
Projected NOI
$32K
Annual cash flow
$-12K
Cash-on-cash
-5.20%
DSCR
0.72
Going-in cap
3.98%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
52,237
Households
19,032
Median income
$126,000
Median age
37
Daytime population
60,607
5-yr growth
9.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 62 OLD CHICOPEE Drive, Kitchener.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.