$961,066
97 ST GEORGE Street
Beds
4
Baths
4
Sqft
—
Year
1900
Type
Multi-family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kitchener. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Attractive 6% CAP rate and strong rents ($57,664.00 Net operating income!) on this turn-key, legal triplex, perfect for an investor to add to their portfolio or first time buyer planning to take over the main unit and benefit from market rents on two more units. Highly resilient rental income driven by three modern above ground units with full amenities (laundry, etc in unit) and unique outdoor spaces facing scenic Cedar Hills Park (2 of 3). Tenant in largest main floor unit willing to stay on as month-to-month or provide vacant possession at closing on buyers request. Current owners have significantly upgraded property over eight year ownership, including backyard fence, backyard large lower deck, new roof, 6+ new major appliances (dishwashers/laundry/fridge). Located in the heart of Cedar Hill, just a few minutes walk to the LRT, downtown Kitchener and the market, and offering 6 parking spaces, this investment is easy to own - Landlord provides shovels and salt, tenants clear own snow as stipulated in leases, creating significant savings in maintenance costs. Rear lower unit: $2,450, Rear upper unit: $1,640, Front upper unit: $1,520 (excludes sep. metered hydro, includes heat and water). Detailed financial reports available! (id:65958)
- Subtype
- Multi-family
- Structure
- Triplex
- Community
- 311 - Downtown/Rockway/S. Ward
- Common interest
- Freehold
- Living area
- 2,110 square feet
- Parking
- 6 total
- Stories
- 2
- On market
- Apr 22, 2026
- Status changed
- Apr 25, 2026
- Annual tax
- $4,354.87
- Zoning
- R5
- Photos
- 44
- MLS#
- 40803568
- Area
- KITCHENER
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Cash on cash
-6.60%
Cap rate
3.54%
GRM
16.7
Break-even rent
$5,913
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 25, 2026.