31 BINGEMAN Street
Kitchener, Ontario
5 bed • 3 bath • Multi-family
Looking for a mortgage helper, turnkey income property, long-term investment, development opportunity or triple garage right in the heart of Kitchener? Then 31 Bingeman is worth exploring! This well-maintained triplex offers three large, bright and spacious units with attractive layouts that appeal to both owners and tenants alike. Live in one unit – offset the mortgage with the other 2! Each unit is separately metered for hydro, plus huge detached garage with hydro too– great for workshop, extra vehicles, additional rental income, hobby space, potential storage, etc – so many possibilities! In addition to a great house-hack opportunity, savvy investors will love this for a stable multi-residential property in a growing market. Situated on a large 8,999 sq ft lot, the property offers 9 PARKING SPACES, and long-term upside as the city continues to grow. For those seeking larger development potential and income - let your imagination fly! The generous lot size also presents potential future opportunities such accessory dwelling unit/sever and multiplex/ further residential development etc. Located close to transit, shopping, restaurants, key amenities. Just minutes walk from Centre in the Square and Kitchener public Library, LRT City Hall Station and Brubacher Green Park for the kids. This versatile property offers good current income with exciting future potential. Each unit is full of character - must see to appreciate!
Price History
Schools
Elementary
- Suddaby Public School0.2 km
Public · Waterloo Region DSB · 505 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 58% met the provincial standard
- St Anne Catholic Elementary School0.8 km
Catholic · Waterloo CDSB · 750 students
Grade 3 reading: 68% met the provincial standard · Grade 6 math: 45% met the provincial standard
- Sheppard Public School1 km
Public · Waterloo Region DSB · 365 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 60% met the provincial standard
Secondary
- Cameron Heights Collegiate Institute0.9 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- Rosemount - U Turn School2.1 km
Public · Waterloo Region DSB
- 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 N2H
- Population
- 22,456
- Private dwellings
- 11,453
- Median age
- 38.4
- Average household size
- 2.1
- Median household income
- $73,500
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
- 1,927
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,927 recorded sales of multi-family properties in Kitchener over the last 12 months.
Location
Mortgage Calculator
$199,800
Estimated Monthly Payment
$4,908
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,908/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $250/mo
Estimates only. Consult a financial advisor.
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