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$ 700,000
Est. payment /mo
Active
62 Greendale CRES Kitchener, ON N2A 2R6
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
MLS Listing ID X12418615
Style Bungalow
Bedrooms 4
Annual Tax Amount $4,354
Tax Year 2025
Property Sub-Type Duplex
Lot Depth 100.0
Lot Front 40.0
Property Description
Legal Duplex Investment Every strong portfolio starts with the right property, the kind of investment that generates income today while positioning you for long-term growth. 62 Greendale Crescent is exactly that: a fully permitted, legal duplex with proven rental income, market demand, and the fundamentals investors look for. The upper 2-bedroom unit is already leased at $2,100 per month, providing stable cash flow from day one. The lower 2-bedroom suite, with its own entrance and full layout, is vacant and ready for a new tenant at approximately $1,900$2,100 per month or it can serve as an ideal in-law arrangement while maintaining income from upstairs. With projected annual rents of approximately $48,000 and manageable operating expenses, investors can expect a cap rate in the 5 percent range. With financing available at current interest rates around 4 percent, cash-on-cash returns project in the low-to-mid single digits, with realistic potential for positive monthly cash flow. These are the fundamentals that matter, and they are rarely found at this level in todays market. Unlike many competing listings, this property is already legally compliant, offers parking for five vehicles, a fenced yard, and a low-maintenance setup. Its location near schools, shopping, transit, and highway access further ensures ongoing tenant demand and long-term stability. For first-time investors or those adding to a growing portfolio, 62 Greendale Crescent represents more than just a duplexit is an opportunity to secure reliable returns, build equity, and take the next step toward financial growth with confidence.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Full
Kitchen 2
Separate Den/Office 2
Interior
Interior Features Water Softener, Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 40.0
Lot Depth 100.0
Total Parking Spaces 5
Building
Unit Features Place Of Worship,School,Skiing
Foundation Poured Concrete
Others
ParcelsYN No
Listed by Toronto Real Estate Realty Plus Inc
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