88 Woodhaven Drive

88 Woodhaven Drive, Kitchener, ON N2C 1V1
1 Day Back Posted
Sell

$950,000

Overview

Type:

Triplex

Area:

700-1100 sq ft (Living Area)

Beds:

6 Bedrooms

Baths:

3 Bathrooms

Furnished:

No

Parking:

Detached

A RARE OPPORTUNITY TO OWN A PROPERTY FEATURING THREE LEGAL UNITS in a friendly, established neighbourhood. Whether you're looking for the perfect multi-generational setup, a mortgage helper, or a turnkey investment, this versatile property offers exceptional flexibility. The main level features a bright, open-concept living and dining area filled with natural light, three generously sized bedrooms, and a full bathroom, creating a comfortable space to call home. The finished lower level is a fully self-contained two-bedroom suite complete with its own kitchen, offering privacy and independence for extended family or rental income. Adding even more value is the detached legal one-bedroom accessory dwelling unit, complete with its own kitchen, bathroom, and in-suite laundry, providing a completely separate living space for family, guests, or tenants. Situated on one of the larger lots in the neighbourhood, measuring approximately 52' x 109', the fully fenced backyard offers generous outdoor space for everyone to enjoy. Ideally located on a quiet street close to schools, parks, shopping, public transit, the ION LRT, and major highways, convenience is right at your doorstep. Recent updates include new flooring throughout, custom built-in cabinetry, a 200-amp electrical service, and an on-demand water heater (2021). Live in the spacious main unit while the two additional legal units help offset a significant portion of your monthly living expenses, create an ideal multi-generational living arrangement where everyone can enjoy their own private space, or take advantage of the property's full investment potential with projected rental income of approximately $5,600 per month ($67,200 annually). Vendor Take-Back financing is available with a minimum 30% down payment, providing additional flexibility for qualified buyers. With a projected cap rate of over 6%, this is a rare opportunity for both owner-occupiers and investors in today's market.

Property Units

6 Bedrooms

1 Unit
  • $950,000 3 Baths 700-1100 sq ft (Living Area) Sep 10th 2026

Property Details

  • Property Type: Residential Freehold
  • Property Sub Type: Triplex
  • Lease Terms: N/A
  • Parking Spots: 4
  • Short Term: No
  • Furnished: No
  • Year Built: N/A
  • # of Floors: N/A
  • # of units: 1
  • MLS: X13768322

Features

Accessory Apartment
Carpet Free
Guest Accommodations
In-Law Capability
In-Law Suite
Primary Bedroom - Main Floor
Private Double
None
City

Nearby Amenities

  • Schools
  • Bus Stations
  • Restaurants
  • Pharmacies
  • Gyms
  • Supermarkets
  • Hospitals
  • Parks
  • Cafes
  • Convenience Stores
  • Gas Stations
  • Laundromats
  • Bars
  • Banks

May lee

Sales Representative At Right At Home Realty

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