Legal Duplex Investment Every strong portfolio starts with the right property-one that delivers reliable income today while positioning you for long-term growth. 62 Greendale Crescent checks every box. This fully permitted legal duplex offers proven rental performance, strong market demand, and the solid fundamentals investors seek. The upper two-bedroom unit is leased at $2,100 per month, providing immediate, stable cash flow. The lower two-bedroom suite, complete with its own private entrance, is vacant and ready to lease at approximately $1,900-$2,100 per month-or ideal for an in-law setup while maintaining upstairs income. With projected annual rents near $48,000 and manageable operating costs, investors can anticipate a cap rate around 5 percent. With financing near 4 percent, projected cash-on-cash returns fall in the low-to-mid single digits, with realistic potential for positive monthly cash flow-an increasingly rare combination in today's market. Unlike many listings, this property is fully legally compliant and move-in ready. It features parking for five vehicles, a fenced yard, and a low-maintenance configuration designed for simplicity and stability. Its proximity to schools, shopping, transit, and major highway access further supports consistent tenant demand. Whether you're entering the investment market or expanding your portfolio, 62 Greendale Crescent offers dependable returns, equity growth, and the confidence to take your next step forward.
Details
X12805496
Carport/4
$680,000
Tenant
None
1 + 1
Bungalow
2 + 2
2
700-1100 Sqft
0.09 N/A
N/A
Duplex
Sale
Additional details
Forced Air / Gas
RES-3
$4354.87
2026
T 84 PL 1310 KITCHENER; S/T 437586
N/A
N
0.09
Full
Central Air
Place Of Worship,School,Skiing
Municipal
Rooms
Living Room
Main Level
5.26 x 5.41
Kitchen
Main Level
3.05 x 6.4
Bedroom
Main Level
2.44 x 3.53
Bedroom 2
Main Level
3.2 x 3.53
Bathroom
Main Level
1.5 x 2.24
Kitchen
Lower Level
3.28 x 7.7
Bedroom 3
Lower Level
3.28 x 4.72
Bedroom 4
Lower Level
2.41 x 3.86
Bathroom
Lower Level
1.5 x 2.79
Other
Lower Level
1.47 x 1.75
Utility Room
Lower Level
3.89 x 6.25
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FAQ
What is the total square footage of the X12805496 - 62 Greendale Crescent, Kitchener, ON N2A 2R6?
The total square footage of this property is 700-1100 SqFt.
What schools near to X12805496 - 62 Greendale Crescent, Kitchener, ON N2A 2R6?