Cash-flowing four-unit property at 287 Blucher Blvd generating $78,600 in annual rental income with an estimated NOI of $68,613 and ~7.6% cap rate at $900,000. Based on today’s ~3.5% financing, the property projects approximately $2,400+ monthly positive cashflow after debt service. Diverse unit mix supports stable tenancy, making this an ideal turnkey investment for investors seeking immediate income and long-term appreciation in Kitchener. (id:63008)
| MLS® Number | 40806439 |
| Property Type | Single Family |
| Neigbourhood | Mount Hope Huron Park |
| AmenitiesNearBy | Park, Place Of Worship, Public Transit, Schools |
| CommunityFeatures | High Traffic Area, Quiet Area |
| Features | In-law Suite |
| ParkingSpaceTotal | 6 |
| BathroomTotal | 2 |
| BedroomsAboveGround | 5 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 7 |
| Appliances | Dryer, Refrigerator, Stove, Water Softener, Washer |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | None |
| ExteriorFinish | Brick, Vinyl Siding |
| HeatingFuel | Natural Gas |
| SizeInterior | 2417 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Park, Place Of Worship, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeFrontage | 40 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Res-4 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 3pc Bathroom | Measurements not available | ||
| Second Level | Bedroom | 16'8'' x 1'5'' | ||
| Second Level | Bedroom | 9'2'' x 11'3'' | ||
| Second Level | Primary Bedroom | 15'8'' x 11'4'' | ||
| Basement | Bedroom | 9'3'' x 8'7'' | ||
| Basement | Bedroom | 9'8'' x 8'10'' | ||
| Main Level | 3pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | 9'2'' x 1'3'' | ||
| Main Level | Bedroom | 16'8'' x 10'11'' | ||
| Main Level | Kitchen | 11'7'' x 11'4'' | ||
| Main Level | Living Room | 15'6'' x 10'4'' | ||
| Main Level | Kitchen | 10'8'' x 11'3'' | ||
| Main Level | Dining Room | 14'4'' x 11'4'' | ||
| Main Level | Living Room | 18'11'' x 11'4'' |
https://www.realtor.ca/real-estate/29386387/287-blucher-road-kitchener
Sam Abdallah
Salesperson