7 Balmoral Drive, Kitchener, ON N2M 2J7, Kitchener, ON, N2M 2J7
MLS: X13054494 | Investment
$899,500
Property Description
Fantastic opportunity to own a FULLY VACANT PURPOSE-BUILT TRIPLEX! in desirable Belmont Village, steps from Catalyst HIGH TECH HUB, offering both immediate flexibility and strong income potential. This well-maintained property features three Bright & SPACIOUS units, including two upper 2bdrm units and a basement 1bdrm unit where owner is starting renovations to convert it to a 2-bedroom layout - creating even greater future rental possibilities!Large windows fill each unit with natural light, while practical layouts create homes that feel open, comfortable and highly functional for everyday living, The upper and middle units also feature a WALK OUT BALCONY. Each unit is separately metered for hydro. All units will be vacant on closing, providing the flexibility to set market rents and maximize returns from day one. There is also parking for six vehicles, offering excellent convenience for tenants or future owners. Extra shed in the parking lot for extra storage! Recent upgrades include updated flooring, new roof shingles (2020), ensuring low ongoing maintenance and long-term value. There's also coin operated laundry, offering an additional revenue stream. GENEROUS LOT SIZE allowing potential of adding a 4th unit.The property is conveniently located near schools, parks, shopping, hospital ,public transit and major commuter routes, making it highly appealing for both tenants and homeowners. Whether you're an investor or looking for a multi-unit property with flexibility and long-term potential, this is a great opportunity in a high-demand rental area close to transit, amenities, and everyday conveniences.With all units vacant, buyers have the rare advantage of setting their own rents and selecting tenants, or even occupying one unit while generating income from the others.
Quick Facts
- Property Type: Investment
- Bedrooms: 5
- Bathrooms: 1
- Attached: Yes
Costs
- Annual Taxes: $6,661.20 (2026)
Listing Provided by: UPPERSIDE REAL ESTATE LIMITED
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: No
- Utilities: Yes
Lot & Land
- Zoning: Triplex - residential
Listing Information
Listing History
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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7 Balmoral Drive, Kitchener, ON N2M 2J7, Kitchener, ON, N2M 2J7