8 ONWARD Avenue, Kitchener, Ontario

$699,000

4 Beds
3 Baths
1,431 Square Feet

Welcome to 8 Onward Ave, a 3-unit home ideal for multi-family or multi-generational living. Situated on a large lot in the desirable East Ward, this property offers a great investment opportunity with its 3 units. There’s potential for expansion by adding an addition, extending into the attic, or even building a garden suite. The home has a convenient side entrance, parking for up to 4 vehicles, and a new back deck that provides access to the two upper units. The main floor and basement units are currently tenanted, offering immediate rental income, while the upper floor is vacant and ready for new occupants. Located in a highly walkable neighbourhood, it’s just steps from the ION LRT, downtown Kitchener, trendy cafes, parks, shopping, and the farmers market. Nearby are the AUD auditorium, Sheppard and Cameron Heights schools, and Rockway Golf Course. Commuters will appreciate quick access to major highways. The property next door, 12 Onward Ave, is also for sale, offering a rare chance to acquire both homes, creating a unique multi-generational compound or development potential. The combined lots offer room for further development, whether by expanding existing structures or adding new amenities. This is a unique opportunity to secure Atriplex and the option of the adjacent property in a thriving community. Ask the listing agent about upcoming by-law changes that will allow for even more density options! (id:23309)

Listing ID: 40662766
Property Type: Multi-family

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Details

Amenities Nearby: Public Transit
Community Features: Community Centre
Features: Paved driveway
Ownership: Freehold
Parking Spaces: 4
Transaction: For sale
Zoning Description: R5

Building

Appliances: Freezer, Microwave, Water softener, Window Coverings
BasementType: Full (Finished)
Basement Development: Finished
Cooling: None
Exterior Finish: Aluminum siding, Brick
Fireplace Present: False
Foundation: Poured Concrete
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1430.75 sqft
Stories Total: 1.5
Type: Triplex
Utility Water: Municipal water

Land

Access Type: Highway access
Amenities: Public Transit
Sewer: Municipal sewage system
Size Frontage: 35 ft

Listing provided by Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 8 ONWARD Avenue in Kitchener Ontario. It was last modified on October 15th, 2024. Contact Chloe Trapp to schedule a viewing or to discover other Kitchener real estate for sale.

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