Kitchener · Value-Add · Legal duplex
A legal duplex sitting in plain sight.
Acquisition
$500–540K
Repairs
$60–90K
ARV (comps)
$715–760K
Spread*
$120–180K
*Illustrative gross spread before renovation, financing and transaction costs. Not a guarantee.
On the comps it is priced like a single-family home while it already performs as two units.
Figures are illustrative estimates for discussion, not an appraisal or guarantee. The property is described in general terms only; the specific listing is shared privately, on a disclosed cooperating basis, once we are working together.
The read
Already a functional two-unit building, vacant, with a newer furnace and separate hydro meters. Renovated legal duplexes in the same neighbourhood have sold from the low-$700Ks into the $800Ks. It is a rental-income building being sold like an ordinary house, and it is hard to get a regular mortgage on, so most buyers pass it by. That is the opening.
What to watch
- A cosmetic-to-moderate refresh, not a gut
- Confirm two-unit rents cover at today’s rates
- Confirm why earlier interest did not firm up
Why it is still available
These are motivated-seller situations: a power of sale, a price that outran the condition, a building the ordinary buyer could not finance or could not read. The motivation is real and so is the value. Most buyers simply stop at the surface, and reading past it is the work. That gap is the opportunity.
If the math works for you, let us send the ones that fit your box.
Tell us your area, budget and what you would take on. When a file matches, you see it first.
Resolve · HomeLife G1 Realty Inc., Brokerage · Independently Owned & Operated · RECO Reg. No. 6024721