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Open House Times
- Sun. Apr. 19 at 2:00pm to 4:00pm
About the Listing MIB132 - MI6877
[ HIGHEST CAP RATE IN TOWN at 7%+ | FULLY VACANT | PRIME DOWNTOWN INVESTMENT ] Rare opportunity to acquire a fully vacant, non-conforming duplex townhouse offering the highest potential cap rate in town (7%+) and unmatched flexibility for investors or owner-occupiers. With both units vacant, you can immediately set market rents, house-hack, accommodate multigenerational living, or explore alternative uses — no tenant constraints. The upper unit features updated flooring and a clean, neutral palette. A bright living room flows into the dining area, creating a comfortable and functional living space. The kitchen offers white cabinetry, ample storage, and outdoor views. Builtin hallway cabinets and additional storage add everyday convenience. Upstairs are three well-sized bedrooms, a 4-piece bath, and access to a private balcony. The lower unit has a separate entrance, enhancing privacy and rental appeal. It includes a kitchen, family room, spacious bedroom, 4-piece bath, and additional storage — ideal for a secondary rental unit, in-law suite, or extended family use. At market rents, the property can easily generate $3,500+/month in combined income, delivering strong cash flow. The investment performance speaks for itself, with a net profit exceeding $31,000 in 2025, making this a true turn-key, high-yield asset. Located in the heart of Downtown Kitchener, steps to ION LRT, Kitchener Market, Victoria Park, schools, shopping, and dining — ensuring long-term demand and rent stability. Vacant. High-yield. Flexible. A standout opportunity for savvy investors looking to maximize returns from day one. Book your private showing today.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances: Water Heater Owned, Hot Water Tank Owned, Range Hood, Refrigerator, Stove
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 972
- Below Ground Sq Ft: 458
- Basement: Walk-Out Access,Full,Finished
- Other: Water Meter,2 Kitchens
- Water: Municipal-Metered
Exterior Details
- Lot Description: Urban,City Lot,Library,Park,Place of Worship,Public Parking,Schools,Shopping Nearby
- Garage Capacity: N/A
- Parking Spaces: 1
- Lot Dimensions: 20.74 x 70.54
- Zoning: R2
- Roof: Flat,Membrane
- Others:
- Sewer: Sewer (Municipal)
- Parking Features: Outside/Surface/Open
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 225020029
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
61 Eby Street B Kitchener, ON N2G 3K9
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