Property sold firm. Rare opportunity to own two buildings on one property. 70 Olympic is a triplex with 2-2 bedrooms units and 1 -1 bedroom unit. It is in above average condition with 1 unit completely renovated, the other 2 in excellent shape. Brand new roof, updated vinyl windows, long lasting Viessmann boiler (made in Waterloo), 2 balcony’s, low expenses, coin laundry, an extra exit to the rear yard and lots of parking. The almost 1,300 sq ft bungalow has a brand new roof, large principal rooms including an eat in kitchen, 3 + bedrooms and 2 full baths, washer, dryer and a new retaining wall and sidewalk. The layout would lend itself to duplexing. There is a recent inspection report available for the bungalow. The R5 zoning allows for single, duplex and multi family. The lot is 104 x 145, with a huge, fully fenced backyard. The location is ½ km from the Mill Street LRT station. There is a potential for severance. Both of these buildings and the grounds have been well maintained. Inspection Report available upon request. Lower Unit $925 (vacant January 31, 2022), Main Floor $826, Upper Level $1,375, Bungalow projected at $2,200. Inspection report available for the bungalow only - please see attachments.
Address
70 OLYMPIC Drive
List Price
$1,595,000
Property Type
Residential
Type of Dwelling
12+ Units
Transaction Type
Sale
Area
Ontario
Sub-Area
Kitchener
Bedrooms
8
Bathrooms
5
Lot Size
104.00 ft Frontage
MLS® Number
40201286
Listing Brokerage
Twin City Realty Inc. Brokerage - Kitchener
Tax Amount
$6,095.00
Features
Separate Heating Controls, Separate Hydro Meters, Greenbelt/Conservation, Highway Access, Near Hospital, Major Highway, Near Park, Place of Worship, Public Transit, Near Rec./Community Centre, Regional Mall, School Bus Route, Near Schools, Near Shopping, Near Skiing, Carbon Monoxide Detector(s), Smoke Detector(s)
Heat Type
Gas Hot Water
Construction Materials
Brick
Foundation Details
Poured Concrete
Water Source
Municipal
Sewer
Sewer
