56 Grenville Avenue Kitchener, Ontario N2G 3S4

$749,900

Presenting a captivating raised ranch home, a legal duplex, conveniently located near ION, schools, places of worship, and shopping. The lower level, previously rented at $2,100 (before renovations) provides an excellent income stream, while the upper level offers potential for owner occupancy or additional rental income. Renting the upper level at market rates ($2,500/month) yields a favorable CAP rate of 6%. The freshly painted upper level exudes warmth with wood and ceramic flooring throughout. The well-designed kitchen boasts granite counters, a spacious island with a breakfast bar, stainless steel appliances and under cabinet lighting. An expansive open-concept living and dining area, accentuated by pot lights and modern fixtures, leads to a welcoming front deck. Two generously sized bedrooms on the main floor share a charming bathroom with a quartz counter, complemented by convenient in-suite laundry. Additional storage space is available in the accessible attic. The freshly painted lower level comprises two spacious bedrooms, a new kitchen with vinyl laminate floors, undercabinet lighting, laminate flooring in main areas, and a bathroom featuring ceramic flooring, a spacious shower, and granite counter. The lower level also features a sizable family room with a gas fireplace and a laundry/utility room. Key features include a new kitchen in lower level, under cabinet lighting, freshly painted throughout, newer windows and doors, two private decks, a spacious outdoor patio, a double garage, a 1 ½ storey workshop, and three large sheds. This residence harmoniously combines comfort, functionality, and ample outdoor space while offering an income stream. (id:27910)

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