80 JACKSON Avenue, Kitchener, Ontario N2H3P1

Property Description

Cash Flow. Flexibility. Future Potential. Welcome to 80 Jackson Avenue, Kitchener-a rare opportunity to own a legal triplex on an oversized 66x165ft lot in one of Kitchener's most convenient locations.Whether you're looking to expand your investment portfolio, offset your mortgage by living in one unit, or create the ideal multi-generational family compound, this property offers exceptional versatility. With the potential to generate over $6,000 per month in rental income, this is a cash-flow-positive investment that can help build your wealth while you sleep. With two vacant units and the third unit rented at market rent the possibilities are endless.The thoughtfully converted bungalow features three legal self-contained units with modern finishes and in-suite laundry:- A bright and spacious 3-bedroom main floor apartment with an oversized eat-in kitchen, generous living space, and abundant natural light.- A well-appointed 2-bedroom lower-level apartment, ideal for long-term tenants.- A unique split-level 1-bedroom unit featuring an open-concept layout, soaring vaulted ceilings, skylights, and direct access to the backyard-offering a living experience that stands out from the typical rental.The opportunities don't stop there. Sitting on a massive lot, the property offers exciting potential to add an Additional Dwelling Unit (ADU) (subject to municipal approvals), creating another income stream and increasing your long-term return on investment.Located in a quiet, established neighbourhood with access to Highway 7/8 in three minutes or less. The Kitchener Memorial Auditorium Complex, shopping, schools, parks, public transit, and countless nearby amenities make this a location tenants love, investors value and anyone would like to call home. (id:5764)