32 Mowat Boulevard Unit# 52 Kitchener, Ontario N2E 1X4

$389,000

Maintenance, Common Area Maintenance, Property Management, Parking

$511.35 Monthly

Prime Investment Opportunity! This end-unit condo townhouse is an exceptional find, ideally positioned for investors seeking strong returns through both appreciation and potential rental income. Its coveted end-unit status and no rear neighbours offer enhanced privacy and a competitive edge in the rental market. The property backs onto green space and a playground, a significant amenity for attracting tenant families. The fully fenced, private yard with a large, shading tree and patio is a highly desirable feature for tenants, offering sought-after outdoor living space. The interior presents an open-plan living and dining area that is structurally sound but awaits some cosmetic updates. This blank canvas offers an excellent opportunity to execute a modern, high-ROI renovation that will significantly increase the property's rental yield and long-term resale value. This location is a significant asset for attracting and retaining quality tenants with superior transit & walkability: The property boasts a high level of convenience, being within walking distance of bus routes, schools, shopping, and parks. This reduces tenant reliance on a vehicle, even though there is parking right outside and opportunity for a second. The expressway is minutes away, providing seamless vehicular access to all of Kitchener-Waterloo and the broader region, making it an ideal hub for professionals commuting throughout the Tech Triangle. In a market with sustained demand for quality rental housing, this property offers a compelling combination of low-maintenance updates, value-add potential, and a prime, transit-friendly location. (id:50886)

Property Details

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https://www.realtor.ca/real-estate/28834339/32-mowat-boulevard-unit-52-kitchener