38
  • X12475532
  • MLS® Number
  • Property Type
  • Duplex, Residential
  • Acres
  • Land Area
  • 7
  • Bedrooms
  • 3
  • Bathrooms
  • Sqft
  • Area Size

35 Shaftsbury Drive, Kitchener, ON N2A 1N4

  • $1,099,000

Description

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.

Details

MLS® Number X12475532
7 Bedrooms
3 Bathrooms
Updated on November 2, 2025 at 12:56 pm

Additional details

  • Roof: Asphalt Shingle
  • Sewer: Sewer
  • Cooling: Wall Unit(s)
  • County: Waterloo
  • Property Type: Residential
  • Pool: None
  • Parking: Private Double
  • Architectural Style: 2-Storey

Address

  • Address: 35 Shaftsbury Drive
  • City: Kitchener
  • State/county: ON
  • Zip/Postal Code: N2A 1N4
  • Country: CA

Contact Information

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