Properties

23 Rutherford Dr Fairway, Kitchener West

Offered at $999,900

Square Feet 1,968

Beds / Baths 5 / 3

MLS ID 40161288

The Story

4.1% Cap rate! This triplex acts more like a four-plex with the $9,000+ yearly annual income coming from the solar panels. This purpose-built triplex has two 2-bed units and one 1-bed unit and generates over $57,000 per year in annual revenue. The renovated main floor is currently under lease for $1600 + hydro per month, the upper unit is under lease for $1550 + hydro per month, and the basement unit is rented month-to-month for $847.30 + hydro per month, with all exceptional tenants. The solar panels have generated an average of $780 per month over the last 12 months. With over seven parking spots in the driveway available, a newer deck on the back, a new boiler (2021) and updated exterior, close to the expressway, Fairview Mall, and upcoming ELEVATE condo project that will change the landscape of this neighbourhood, this is an investment you won't want to miss!

Walk / Transit Score 39 / 44

Property Dimensions 55 X 120

Property Taxes $4,321

Year Built 1966

360° Tour

The Details

Kitchen (Suite A) 11' 9" X 11' 8"
Living Room 19' 7" X 11' 7"
Primary Bedroom 13' 9" X 11' 10"
Bedroom 11' 11" X 11' 10"
Bathroom 4 PCE
Kitchen (Suite B) 11' 8" X 11' 7"
Living Room 19' 8" X 11' 6"
Primary Bedroom 14' 0" X 12' 0"
Bedroom 11' 10" X 11' 11"
Bedroom 4 PCE
Kitchen (Suite C) 14' 0" X 13' 0"
Living Room 14' 3" X 11' 7"
Primary Bedroom 11' 3" X 11' 7"
Laundry 11' 5" X 9' 7"
Bathroom 3 PCE

The Neighbourhood

Fairway

Public PrimaryHoward Robertson

Public SecondaryEastwood CI

Separate PrimarySt. Daniel

Separate ScondarySt. Mary's

The Lifestyle

Welcome to the Fairway neighbourhood, centrally located in the city of Kitchener. This neighbourhood is comprised of a mixture of two smaller neighbourhoods known as Kingsdale and Vanier. Fairway is a maturing area with homes built between the 50’s and 80’s. The area is predominantly single family detached homes with some semi-detached homes sprinkled throughout the neighbourhood. The area, while close to fantastic amenities, maintains its picturesque vision and quiet in the more residential sections. [...]

Neighbourhood Details & Data

Detached$532,500

Median Days on Market8

Tell me more