88 Woodhaven Road Kitchener, Ontario N2C 1V1
$1,049,000
A rare opportunity to own a property featuring three legal living units in a friendly, established neighbourhood. Whether you're looking for the perfect multi-generational setup, a mortgage helper, or a turnkey investment, this versatile property offers exceptional flexibility. The main level features a bright, open-concept living and dining area filled with natural light, three generously sized bedrooms, and a full bathroom, creating a comfortable space to call home. The finished lower level is a fully self-contained two-bedroom suite complete with its own kitchen, offering privacy and independence for extended family or rental income. Adding even more value is the detached legal one-bedroom accessory dwelling unit, complete with its own kitchen, bathroom, and in-suite laundry, providing a completely separate living space for family, guests, or tenants. Situated on one of the larger lots in the neighbourhood, measuring approximately 52' x 109', the fully fenced backyard offers generous outdoor space for everyone to enjoy. Ideally located on a quiet street close to schools, parks, shopping, public transit, the ION LRT, and major highways, convenience is right at your doorstep. Recent updates include new flooring throughout, custom built-in cabinetry, a 200-amp electrical service, and an on-demand water heater (2021). Live in the spacious main unit while the two additional legal units help offset a significant portion of your monthly living expenses, create the ideal multi-generational lifestyle where everyone enjoys their own private space, or maximize the property's investment potential with projected rental income of approximately $6,000 per month ($72,000 annually). Vendor Take-Back financing is available with a minimum 30% down payment, offering additional flexibility for qualified buyers. A rare opportunity offering a projected 6% cap rate in today's market. (id:61852)
Property Details
| MLS® Number | X13494568 |
| Property Type | Multi-family |
| AmenitiesNearBy | Park, Place Of Worship, Schools |
| CommunityFeatures | School Bus |
| ParkingSpaceTotal | 4 |
| Structure | Deck |
| ViewType | City View |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 4 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 6 |
| Age | 51 To 99 Years |
| Appliances | Water Softener, All, Dishwasher, Dryer, Stove, Washer, Refrigerator |
| ArchitecturalStyle | Bungalow |
| BasementDevelopment | Finished |
| BasementFeatures | Separate Entrance |
| BasementType | N/a (finished), Full, N/a |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 700 - 1100 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage | |
| Tandem |
Land
| Acreage | No |
| LandAmenities | Park, Place Of Worship, Schools |
| LandscapeFeatures | Landscaped |
| Sewer | Sanitary Sewer |
| SizeDepth | 109 Ft ,6 In |
| SizeFrontage | 52 Ft ,2 In |
| SizeIrregular | 52.2 X 109.5 Ft |
| SizeTotalText | 52.2 X 109.5 Ft |
| ZoningDescription | R2 |
https://www.realtor.ca/real-estate/29959132/88-woodhaven-road-kitchener
Interested?
Contact us for more information
Nicole Ashley Prokopowicz
Salesperson
75 King St South #50a
Waterloo, Ontario N2J 1P2
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
June 26 2026 07:19:37
Toronto Real Estate Board
Chestnut Park Realty(Southwestern Ontario) Ltd