B - 61 Eby Street S Kitchener, Ontario N2G 3K9

$429,900

[ HIGHEST CAP RATE IN TOWN at 7%+ | FULLY VACANT | PRIME DOWNTOWN INVESTMENT ] Rare opportunity to acquire a fully vacant, non-conforming duplex townhouse offering the highest potential cap rate in town (7%+) and unmatched flexibility for investors or owner-occupiers. With both units vacant, you can immediately set market rents, house-hack, accommodate multigenerational living, or explore alternative uses - no tenant constraints. The upper unit features updated flooring and a clean, neutral palette. A bright living room flows into the dining area, creating a comfortable and functional living space. The kitchen offers white cabinetry, ample storage, and outdoor views. Builtin hallway cabinets and additional storage add everyday convenience. Upstairs are three well-sized bedrooms, a 4-piece bath, and access to a private balcony. The lower unit has a separate entrance, enhancing privacy and rental appeal. It includes a kitchen, family room, spacious bedroom, 4-piece bath, and additional storage - ideal for a secondary rental unit, in-law suite, or extended family use. At market rents, the property can easily generate $3,500+/month in combined income, delivering strong cash flow. The investment performance speaks for itself, with a net profit exceeding $31,000 in 2025, making this a true turn-key, high-yield asset. Located in the heart of Downtown Kitchener, steps to ION LRT, Kitchener Market, Victoria Park, schools, shopping, and dining - ensuring long-term demand and rent stability. Vacant. High-yield. Flexible. A standout opportunity for savvy investors looking to maximize returns from day one. Book your private showing today. (id:15069)

Open House

This property has open houses!

Property Details

MLS® Number	X13006288
Property Type	Single Family
Amenities Near By	Place Of Worship, Park, Schools
Parking Space Total	1

Building

Bathroom Total	2
Bedrooms Above Ground	3
Bedrooms Below Ground	1
Bedrooms Total	4
Age	100+ Years
Appliances	Water Heater, Hood Fan, Stove, Window Coverings, Refrigerator
Basement Development	Finished
Basement Features	Walk Out
Basement Type	Full (finished)
Construction Style Attachment	Attached
Cooling Type	None
Exterior Finish	Brick
Foundation Type	Unknown
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	700 - 1,100 Sqft
Type	Row / Townhouse
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Land Amenities	Place Of Worship, Park, Schools
Sewer	Sanitary Sewer
Size Depth	70 Ft ,6 In
Size Frontage	20 Ft ,8 In
Size Irregular	20.7 X 70.5 Ft
Size Total Text	20.7 X 70.5 Ft|under 1/2 Acre
Zoning Description	R2

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Bedroom 2	3.33 m	2.46 m	3.33 m x 2.46 m
Second Level	Bedroom 3	2.61 m	3.4 m	2.61 m x 3.4 m
Second Level	Primary Bedroom	3.58 m	2.72 m	3.58 m x 2.72 m
Basement	Bedroom 4	2.37 m	3.27 m	2.37 m x 3.27 m
Basement	Family Room	2.39 m	3.05 m	2.39 m x 3.05 m
Basement	Kitchen	3.48 m	3.09 m	3.48 m x 3.09 m
Basement	Utility Room	1.77 m	2.05 m	1.77 m x 2.05 m
Main Level	Dining Room	3.34 m	3.35 m	3.34 m x 3.35 m
Main Level	Kitchen	2.55 m	2.46 m	2.55 m x 2.46 m
Main Level	Living Room	3.73 m	3.25 m	3.73 m x 3.25 m

Utilities

Cable	Available
Electricity	Available
Sewer	Available

https://www.realtor.ca/real-estate/29613701/b-61-eby-street-s-kitchener