Property description for B - 61 Eby Street S, Kitchener, ON N2G 3K9

[ HIGHEST CAP RATE IN TOWN at 7%+ | FULLY VACANT | PRIME DOWNTOWN INVESTMENT ] Rare opportunity to acquire a fully vacant, non-conforming duplex townhouse offering the highest potential cap rate in town (7%+) and unmatched flexibility for investors or owner-occupiers. With both units vacant, you can immediately set market rents, house-hack, accommodate multigenerational living, or explore alternative uses - no tenant constraints. The upper unit features updated flooring and a clean, neutral palette. A bright living room flows into the dining area, creating a comfortable and functional living space. The kitchen offers white cabinetry, ample storage, and outdoor views. Builtin hallway cabinets and additional storage add everyday convenience. Upstairs are three well-sized bedrooms, a 4-piece bath, and access to a private balcony. The lower unit has a separate entrance, enhancing privacy and rental appeal. It includes a kitchen, family room, spacious bedroom, 4-piece bath, and additional storage - ideal for a secondary rental unit, in-law suite, or extended family use. At market rents, the property can easily generate $3,500+/month in combined income, delivering strong cash flow. The investment performance speaks for itself, with a net profit exceeding $31,000 in 2025, making this a true turn-key, high-yield asset. Located in the heart of Downtown Kitchener, steps to ION LRT, Kitchener Market, Victoria Park, schools, shopping, and dining - ensuring long-term demand and rent stability. Vacant. High-yield. Flexible. A standout opportunity for savvy investors looking to maximize returns from day one. Book your private showing today. (id:38686)

QUICK OVERVIEW

1 parking space
None
Forced air, Natural gas
23 Days on website

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

UTILITIES

AREA AND SCHOOLS

FINANCIAL INFO

ADDITIONAL INFO

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Jay Chan

Listing Office Cityscape Real Estate Ltd., 905-241-2222

Updated Saturday, May 9, 2026 at 7:54:04 PM

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NEIGHBOURHOOD

About the Cedar Hill Neighbourhood

People who prefer a calm environment will enjoy Cedar Hill. There are a few public green spaces close by for residents to check out, including Kaufman Park, and they are especially well-situated, which makes them very easy to access. This neighbourhood is reasonably quiet overall, as the streets are generally quite calm.

Learn more about Cedar Hill

Parks

Exceptionally large amount of park space within a few minutes’ walk

High Schools

At least one high school within a 10-minute walk

Elementary Schools

At least one elementary school within a 5-minute walk

Groceries

At least one supermarket within a 5-minute walk

Pedestrian friendly

Most day-to-day needs are within a few minutes' walk

CLIMATE RISK FOR N2G 3K9

Mortgage Payments for B - 61 Eby Street S, Kitchener, ON N2G 3K9

$1,952

Monthly

Estimated Payment

$449,900

26 SYDNEY STREET NKITCHENER, ON N2H 3L5

835 SQ FT

Listing by Real Broker Ontario Ltd.

MLS® #: 40826069

$439,000

489 EAST AVENUE UNIT# BKITCHENER, ON N2H 0A8

1,226 SQ FT

Listing by Real Broker Ontario Ltd.

MLS® #: 40795537

$415,000

4 AVALON PLACE UNIT# 103KITCHENER, ON N2M 4N6

1,080 SQ FT

Listing by Red And White Realty Inc.

MLS® #: 40798357

60 ELMSDALE DRIVE UNIT# 66, KITCHENER, ON N2E 2G4, photo 1

Visites libres

Visite Virtuelle

$425,500

60 ELMSDALE DRIVE UNIT# 66KITCHENER, ON N2E 2G4

1,548 SQ FT

Listing by Re/max Solid Gold Realty (ii) Ltd - Brenda Milmine

MLS® #: 40820376

$449,900

219 KINGSWOOD DRIVE UNIT# 52KITCHENER, ON N2E 3J5

1,507 SQ FT

Listing by The Realty Firm Inc.

MLS® #: 40820116

100 BLUEVALE STREET N UNIT# 22, WATERLOO, ON N2J 4M9, photo 1

Visite Virtuelle

$424,900

100 BLUEVALE STREET N UNIT# 22WATERLOO, ON N2J 4M9

1,557 SQ FT

Listing by Re/max Twin City Realty Inc - Richard Steinmann

MLS® #: 40827243

$449,700

4D - 45 CEDARHILL CRESCENTKITCHENER, ON N2E 0A2

1,400 SQ FT

Listing by 365 Realty

MLS® #: X12895458

2 - 160 RITTENHOUSE ROAD, KITCHENER, ON N2E 3E9, photo 1

Visite Virtuelle

$449,000

2 - 160 RITTENHOUSE ROADKITCHENER, ON N2E 3E9

1,000 SQ FT

Listing by Sam Mcdadi Real Estate Inc.

MLS® #: X13084838

265 WILLIAMSBURG ROAD UNIT# 16, KITCHENER, ON N2E 3H1, photo 1

Visite Virtuelle

$435,000

265 WILLIAMSBURG ROAD UNIT# 16KITCHENER, ON N2E 3H1

1,574 SQ FT

Listing by Re/max Solid Gold Realty (ii) Ltd - Carolyn Lund

MLS® #: 40823499

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B - 61 EBY STREET S, KITCHENER, ON N2G 3K9