368-3689910_homelife-bayside-realty-ltd-brokerage

Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD

Call Now: 416-939-2500 Email: vikas@vikaspalan.com

88 Woodhaven Drive, Kitchener, ON N2C 1V1

$950,000
  • Sale
  • Triplex
  • 7 days ago
  • Updated: 2026-09-10

Property Overview

Property Type
Triplex
Bedrooms
6
Bathrooms
3
Garage
Detached/4
Size
N/A
Age
51-99
A RARE OPPORTUNITY TO OWN A PROPERTY FEATURING THREE LEGAL UNITS in a friendly, established neighbourhood. Whether you're looking for the perfect multi-generational setup, a mortgage helper, or a turnkey investment, this versatile property offers exceptional flexibility. The main level features a bright, open-concept living and dining area filled with natural light, three generously sized bedrooms, and a full bathroom, creating a comfortable space to call home. The finished lower level is a fully self-contained two-bedroom suite complete with its own kitchen, offering privacy and independence for extended family or rental income. Adding even more value is the detached legal one-bedroom accessory dwelling unit, complete with its own kitchen, bathroom, and in-suite laundry, providing a completely separate living space for family, guests, or tenants. Situated on one of the larger lots in the neighbourhood, measuring approximately 52' x 109', the fully fenced backyard offers generous outdoor space for everyone to enjoy. Ideally located on a quiet street close to schools, parks, shopping, public transit, the ION LRT, and major highways, convenience is right at your doorstep. Recent updates include new flooring throughout, custom built-in cabinetry, a 200-amp electrical service, and an on-demand water heater (2021). Live in the spacious main unit while the two additional legal units help offset a significant portion of your monthly living expenses, create an ideal multi-generational living arrangement where everyone can enjoy their own private space, or take advantage of the property's full investment potential with projected rental income of approximately $5,600 per month ($67,200 annually). Vendor Take-Back financing is available with a minimum 30% down payment, providing additional flexibility for qualified buyers. With a projected cap rate of over 6%, this is a rare opportunity for both owner-occupiers and investors in today's market.

Key Details

  • X13768322
  • Detached/4
  • $950,000
  • Vacant
  • None
  • 2 + 2
  • Bungalow
  • 4 + 2
  • 3
  • 700-1100 Sqft
  • N/A Acres
  • 51-99
  • Triplex
  • Sale

Additional Details

  • Forced Air / Gas
  • RES 2
  • $5609.93
  • 2026
  • LT 16 PL 893 KITCHENER; KITCHENER
  • N/A
  • N
  • Apartment,Separate Entrance,Full
  • Central Air
  • Fenced Yard,Library,Place Of Worship,Rec./Commun.Centre,Public Transit
  • Municipal

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FAQ
  • What is the total square footage of the x13768322 - 88 Woodhaven Drive, Kitchener, ON N2C 1V1?

    The total square footage of this property is 700-1100 SqFt.

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