58 Hazelglen Drive Kitchener, Ontario N2M 2E3
$1,599,000
Excellent location close to downtown, bus service, short distance to the universities, library, public pool, shopping, and the expressway. Very attractive investment in a good area close to all amenities. Always rented and 5 units have been renovated. All have newer windows, extra insulations in the attic and ring joyce, all are metered separately for hydro, each has a private patio area and newer fencing, at least one parking spot each. Close to shopping and schools. New roof in May/26, new boiler and tank in 2/25. Very efficient gas boiler hot water heating so they can pay you more rent. With a 5.0 cap rate this is a very easy property to finance, let the rent pay your mortgage and in 25 years you have an excellent retirement income of over 100,000 per year. Most tenants have been here for over 5 years so if a few move the rent at current values would spike substantially. (id:50964)
Property Details
| MLS® Number | 40835295 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Community Features | Community Centre |
| Features | Paved Driveway |
| Parking Space Total | 10 |
Building
| Bathroom Total | 6 |
| Bedrooms Total | 12 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1974 |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding, Brick Veneer, Concrete, Shingles |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 6,150 Ft2 |
| Utility Water | Municipal Water |
Parking
| Open |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 127 Ft |
| Size Frontage | 118 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2b |
https://www.realtor.ca/real-estate/29833539/58-hazelglen-drive-kitchener
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June 02 2026 04:11:02
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