$748,888 - 253 Sydney Street, Kitchener
Multi-Family for Sale in Kitchener
107 days on market- MLS Number
- X12846268
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 107
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Kitchener
- Lot Size
- 2,659 sqft
- Listing Brokerage
- EXP REALTY
THE UNICORN! Purpose Built Duplex! 100% VACANT POSSESSION ON CLOSING! Stop fighting old leases and inherited tenants. 253 Sydney St S is a solid brick, purpose-built Legal Duplex + finished basement accessory suite offering the ultimate "Blank Slate" in Kitchener's desirable Rockway neighborhood. THE OPPORTUNITY: Set your own market rents from Day 1. Perfect for Investors, House-Hackers, or Multi-Generational families. UNIT BREAKDOWN: MAIN UNIT: Vacant. 2-Bed, 1-Bath or 3-Bed. 2-Bath (with in-law suite together). Features backyard access, in-suite with laundry, and a 1-car garage. UPPER UNIT: Vacant. 2-Bed, 1-Bath. Features in-suite laundry and dedicated carport parking. LOWER LEVEL: 1-Bed, 1-Bath accessory suite with laundry. Ideal for extended family or mortgage helper. THE STRATEGY: INVESTORS: Run your own tenant selection and maximize your Cap Rate immediately. Enjoy value add potential with the existing in-law suite to a legal triplex conversion. HOUSE-HACKERS: Live in one unit and let the other two pay your mortgage! MULTI-GENERATIONAL: Separate kitchens, separate laundry, and separate entrances-keep the family close with total privacy. THE LOCATION: Commuter's dream. Seconds to Hwy 7/8 Expressway, the LRT, Rockway Golf Course, and Downtown Kitchener's Tech Hub. MECHANICS: Separately metered Hydro between Upper and the Main/Lower units. Gas/Water shared on single meter. Purpose-built multi-unit properties with FULL VACANT POSSESSION premium assets are incredibly rare. Why wait for the next opportunity while the unicorn is right here!
Estimate your monthly payments for this property
Estimated Payment
$3,842.18/mo
Includes CMHC insurance ($20,894)
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.
253 Sydney Street, 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 $681/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 107 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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Kitchener.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $3,120 (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.