35 Shaftsbury Drive Kitchener, Ontario N2A 1N4
$1,099,000
6% CAP RATE! PURPOSE-BUILT THREE-UNIT PROPERTY IN LACKNER WOODS! This cash-flowing gem brings in approximately $7,000 per month in rental income, offering a 6% cap rate and around $1,000 per month in positive cash flow. Featuring two spacious 3-bedroom units (1,150 sq ft each) and a bright, updated 1-bedroom lower-level unit, this property is ideal for investors or owner-occupiers looking to have their mortgage paid by tenants. Each unit has been thoughtfully updated with granite countertops, open-concept layouts, vinyl flooring, and access to outdoor spaces including private balconies, a private patio, and a shared backyard. The basement unit offers a new kitchen and plenty of natural light. Tenants pay all utilities, and each unit has separate hydro meters and its own private driveway. Additional highlights include a full 2-car garage, parking for 4 more vehicles in the main driveway, and a new 2024 driveway for 2 extra cars. Recent upgrades include a new boiler (2021), chimney liner (2021), electrical (2013), owned water heater (2022), and owned water tank (2020). Located steps from shopping, parks, schools, and amenities, this turn-key investment blends income potential, location, and modern comfort. (id:46441)
Property Details
| MLS® Number | X12475532 |
| Property Type | Multi-family |
| Parking Space Total | 7 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 6 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 7 |
| Age | 51 To 99 Years |
| Amenities | Separate Electricity Meters |
| Appliances | Dryer, Water Heater, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 2000 - 2500 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 111 Ft |
| Size Frontage | 65 Ft |
| Size Irregular | 65 X 111 Ft |
| Size Total Text | 65 X 111 Ft|under 1/2 Acre |
| Zoning Description | Res-4 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 2.88 m | 4.24 m | 2.88 m x 4.24 m |
| Second Level | Primary Bedroom | 4.57 m | 2.89 m | 4.57 m x 2.89 m |
| Second Level | Bedroom 2 | 3.52 m | 2.63 m | 3.52 m x 2.63 m |
| Second Level | Bathroom | 2.84 m | 1.98 m | 2.84 m x 1.98 m |
| Second Level | Kitchen | 2.86 m | 2.36 m | 2.86 m x 2.36 m |
| Second Level | Living Room | 3.48 m | 4.69 m | 3.48 m x 4.69 m |
| Second Level | Dining Room | 3.96 m | 3.74 m | 3.96 m x 3.74 m |
| Basement | Bedroom | 3.37 m | 5.56 m | 3.37 m x 5.56 m |
| Basement | Kitchen | 3.92 m | 2.1 m | 3.92 m x 2.1 m |
| Basement | Bathroom | 3 m | 3 m | 3 m x 3 m |
| Basement | Utility Room | 4.08 m | 2.35 m | 4.08 m x 2.35 m |
| Main Level | Bathroom | 2.86 m | 1.97 m | 2.86 m x 1.97 m |
| Main Level | Kitchen | 2.86 m | 2.38 m | 2.86 m x 2.38 m |
| Main Level | Dining Room | 2.97 m | 3.72 m | 2.97 m x 3.72 m |
| Main Level | Living Room | 3.34 m | 4.65 m | 3.34 m x 4.65 m |
| Main Level | Bedroom | 2.86 m | 4.2 m | 2.86 m x 4.2 m |
| Main Level | Primary Bedroom | 4.48 m | 2.86 m | 4.48 m x 2.86 m |
| Main Level | Bedroom 2 | 3.4 m | 2.71 m | 3.4 m x 2.71 m |
https://www.realtor.ca/real-estate/29018080/35-shaftsbury-drive-kitchener
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October 23 2025 12:57:19
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Forest Hill Real Estate Inc.