A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 55 Silver Aspen Cres, Kitchener Ontario N2N 1H5
Re-listed 44 days ago

55 Silver Aspen Cres, Kitchener, Ontario N2N 1H5

Detached
3 + 2
2
~2000-2500 sqft
$840,000
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Detached
3 + 2
2
~2000-2500 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$378/sqft

Est. Mortgage$3,607/mo

Tax Amount (2024)$3,666/yr

Days On Market44 days

Total Days On Market96 days


Description

A fantastic investment opportunity awaits with this stunning legal duplex in a desirable, family-friendly neighborhood. This turn-key property offers incredible income potential, with top-tier tenants already in place and generating an impressive annual return. Both units are beautifully designed with high-end finishes, including luxury vinyl plank flooring, quartz countertops, stainless steel appliances, and in-suite laundry. Thoughtful upgrades such as a separate hydro meters, upgraded R60 attic insulation, pot lighting, and a modern electrical panel make this a worry-free investment. Conveniently located just minutes from grocery stores, shopping, schools, parks, and transit, Silver Aspen is a prime rental location that will always attract demand. With a gross income of over $40,000 and minimal expenses, this property is a true wealth-builder. Live in one unit while renting out the other as a mortgage helper, or maximize your portfolio with a fully leased duplex.


Property Details

StyleBungalow
View-
Age of property-
SqFt~2000-2500 SqFt
Lot Size4,457 SqFt(110.9 x 40.19)
Parking Spaces3
MLS ®NumberX12037581
Community NameNeighborhood of Forest Heights
Data SourceTRREB
Listing byEXP REALTY

Features

Heating: Forced Air
Cooling: Central Air
Basement: Sep Entrance

Main Floor

Living

5.03 x 3.56

Picture Window / Vinyl Floor / Open Concept

Dining

3.94 x 2.77

Picture Window / Vinyl Floor

Kitchen

2.34 x 2.46

Stainless Steel Appl

Primary

3.23 x 4.27

Vinyl Floor / Picture Window


Features

Lot size: 4,457 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 3


Property listed by EXP REALTY, Brokerage

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Market Data - Neighborhood of Forest Heights

Geo Zone Map ThumbnailNeighborhood of Forest Heights

Strong Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

22 days

Compared to

2024

13 days

2023

10 days

2022

7 days

New Listings

Past 30 days

11 listings

Compared to

2024

21 listings

2023

13 listings

2022

21 listings

Units sold

Past 30 days

10 units

Compared to

2024

13 units

2023

14 units

2022

12 units

Median Sold Price

Past 30 days

$783,250

Compared to

2024

$790,000

2023

$815,680

2022

$932,500


Population and Demographics

Overview

Total population 14038
Average household income $122,668

Age (%)

0 to 19
23%
50 to 64
20%
35 to 49
20%
65 and plus
18%
20 to 34
18%

Household composition (%)

Single family
79%
Single person
17%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
85%
Others
3%
Spanish
2%
Arabic
2%
Romanian
2%
German
1%
Portuguese
1%
French
1%

House tenancy (%)

Owners
85%
Renters
15%

Schools and amenities

Estimated Budget