$699,000 - 22 Dellroy Avenue, Kitchener
Multi-Family for Sale in Kitchener
49 days on market- MLS Number
- X13070172
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 49
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- RE/MAX Solid Gold Realty (II) Ltd
Situated in a lively pocket of Kitchener close to schools, transit, shopping, and the expressway, you won't want to miss this duplex offering over 1860 sq ft of living space with 6 parking spaces and a heated 287 sq ft workshop/studio space. This is a property that will give you a place to call home now and an investment opportunity for your future. Laid out over 2 and a half stories on a 43 x 120-foot lot, this property offers 5 bedrooms, 2 bathrooms and loads of indoor and outdoor space to enjoy. Rent out or move into the vacant, renovated 2-bedroom main-floor space and receive steady income from the upper 3-bedroom unit. This property has a bonus main floor workshop space that could be your art studio or additional rental income. Meticulously poured concrete parking offers 4 parking spaces beside the house and 2 more at the back; you may consider renting a couple of spots to the neighbours in the future. If you love the character and charm of the 1930s Arts and Crafts era homes, this property has beautiful built-in storage, accented by hardwood floors, and granite in the main floor unit. The roof was replaced in 2012, all wiring and windows have been updated. Tenants pay their own hydro. This is a low-maintenance property that can generate a little extra income while you enjoy a great location for lawn darts, bonfires, and entertaining this summer.
Estimate your monthly payments for this property
Estimated Payment
$3,586.23/mo
Includes CMHC insurance ($19,502)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Kitchener
Kitchener is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Kitchener
- •Convenient location in Kitchener
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Kitchener offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
22 Dellroy Avenue, Kitchener
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $466/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 49 days on site, this property has exceeded the typical selling timeline for Kitchener. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Kitchener. Good resale value as demand remains consistent.
Investment Perspective
Looking at this as an investment: Kitchener properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,913 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.