Attention savvy investors, this is a turn key investment property with room to grow and future development potential. Currently a 12 room licenced lodging house with an annual gross income of $63,000. R-5 zoning allows for additional building changes or additions. Morice Manor, a home providing community housing for over 30 years. The century home built in 1922 with over 1,800 sq ft contains 5 of the private bedrooms, a full bathroom, the main kitchen, full dining room and full living room. The rear addition built in 1989 added an additional 1,600 sq ft, with 7 additional private bedrooms, another kitchen and full bathroom. Ample parking with the paved 40x67 parking lot in the rear yard. Located in the quiet neighbourhood of Cherry Hill, right in the heart of Kitchener, Morice Manor backs onto beautiful Cherry Park and is the perfect location for everything your residents need. A quick walk to downtown Kitchener, Grand River Hospital, grocery stores and more!
MLS# | 40089053 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1922 |
Days On Site | 13 |
SQ Feet | 3,021 |
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Units | 12 |
Building(s) | 1 |
Area Information | |
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Province | ON |
County | Waterloo |
City | Kitchener |
Postal Code | N2G 1F3 |
Area | 3 - Kitchener West |
Listing VS Median (in N2G 1F3) | |
Price: $1,100,000 low | high Med: $1,100,000 SqFt: 3,021 low | high Med: 3,021 $ / SqFt: $364 low | high Med: $364 On Site: 13 low | high Med: 13 Sourced by Back At You |