8 Onward Ave,

Kitchener

8 Onward Ave

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 6 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. Financials and floorplans are attached to the listing.

Located in a highly walkable neighborhood, 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 maximizing investment 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 adjacent properties in a thriving community. Ask the listing agent about upcoming by-law changes that will allow for even more development options!

 

Price: $699,000

MLS#: 40662766

Main Level - $1,950

2 Bedroom 1 Bath

Upper Level - $2,000 (Estimate)

1 Bedroom 1 Bath

Lower Level - $713.52

1 Bedroom 1 Bath

Taxes: $4,123.97/2024

Lot: 35 x 166

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