97 ST GEORGE Street
Kitchener, Ontario
- 4 bed
- 4 bath
- Multi-family
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!
Price History
Schools
Elementary
- Courtland Avenue Public School0.2 km
Public · Waterloo Region DSB · 270 students
- Suddaby Public School0.9 km
Public · Waterloo Region DSB · 505 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 58% met the provincial standard
- St Bernadette Catholic Elementary School1.3 km
Catholic · Waterloo CDSB · 435 students
Grade 3 reading: 85% met the provincial standard · Grade 6 math: 42% met the provincial standard
Secondary
- Cameron Heights Collegiate Institute0.5 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- Kitchener Waterloo Collegiate and Vocational School2.1 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% met the provincial standard
- Eastwood Collegiate Institute2.2 km
Public · Waterloo Region DSB · 1270 students
Grade 10 literacy: 84% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2G
- Population
- 14,580
- Private dwellings
- 8,284
- Median age
- 38
- Average household size
- 1.8
- Median household income
- $62,400
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,925
- Median days on market
- 20
- Sale-to-list price
- 100.9%
Based on 1,925 recorded sales of multi-family properties in Kitchener over the last 12 months.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$192,213
Estimated Monthly Payment
$4,721
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,721/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $240/mo
Estimates only. Consult a financial advisor.
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