When it comes to starting or adding to your investment portfolio, it is important to find a property with great bones. Unless you have renovation experience, and you’re knowledgeable and familiar with zoning regulations and building codes, it is a good idea to stick with investments that are already legal multi-family dwellings.
For example, this week, coming to the market, we have a legal up-down duplex in the Kingsdale neighbourhood in Kitchener.
Quiet, and family-oriented, this home can be used as an investment with two rental units, you can live in the upper and rent the lower to pay your mortgage or build equity faster, or simply live in the whole home yourself.
Because of the unique layout, it is easily used as a single family home if desired. This can also be convenient if you have extended family who will reside with you.
This brick and aluminum siding home has a full-basement, the windows are unusually large and the fully fenced yard and double garage and driveway make it suitable for one family or two. In addition, public transit, the expressway and the 401 are nearby, and proximity to shopping and schools makes it convenient too.
In general, with an income-producing basement unit, ceiling height, egress windows and the entry/exit are important factors to consider in order to have a safe, code-abiding investment, and the location makes it more accessible for varying needs.
For more information on this listing, you can visit: 230ninth.com