Local Real Estate News

duplex conversion

Investment Profile: Kitchener Duplex Conversion

Investment Profile:

Kitchener Duplex Conversion

At Benjamins Realty, we take real estate investment seriously. We’re not just showing properties and calculating basic rates of return for our clients. We’re actively investing in Waterloo Region ourselves and we have some pretty exciting projects on the go. 

One of our premier investment strategies is the duplex conversion. It involves taking a once single family detached home and converting it into two legal and self contained units or apartments. Those units can then be rented on the open market and the return on investment can be as high as 10% without factoring in appreciation (most realtors factor in some appreciation for rate of return models).

We think factoring in appreciation is important too, especially when you convert a single family home into a duplex. Cash flowing, easily managed and high-end duplex properties can sell up to 650k+ in Kitchener-Waterloo, while similar sized detached homes may only be worth 420k. 

151 Wentworth Profile:

duplex conversion
151 Wentworth Avenue, Kitchener Ontario

Our most recent conversion project is taking place at 151 Wentworth Avenue in Kitchener. We targeted this location for its proximity to the downtown, it provides direct access to an excellent tenant pool of young professionals who work in the core. These types of tenants expect and appreciate well finished apartment units that fit in with their active lifestyle. They enjoy biking and walking to work and may even choose to not own a car.

Our process involves, completely separating all utilities, using high end finishes like quartz counters and stainless steel appliances in each unit, and creating a space that competes with the luxury condos popping up around town while providing the privacy and neighbourhood feel of living in a duplex. We are nearing completion and the upper unit at 151 Wentworth is now ready while the lower level unit is on pace to complete in March 2019.

duplex conversion
Quartz counters, stainless steel appliances, herringbone backsplash with a walkout deck

The projected rent return for this project will be $3200 a month. The tenants will pay all utilities associated with the property. Furthermore, we targeted this property because it had a lot and a half  on the frontage (68’) and that actually just allows us to sever off the side yard and build a second, new construction duplex right next door. We are currently in the planning stages for this project. Stay tuned!

duplex conversion
Built for efficiency, insuite laundry with an all-in-one washer dryer

There is a real need for duplex properties in Waterloo Region. Have questions about what it takes to invest in a duplex conversion? Contact Us today or fill out the form below to get started.

  • Let's get started, contact us TODAY.

  • This field is for validation purposes and should be left unchanged.

Recent Posts

[BREAK]

Reasons to Pick benjamins realty inc?

Around benjamins realty inc all of us take becoming a real estate agent exceedingly earnestly. We all realize that unquestionably when folks are looking to get a fantastic realtor in Kitchener these people require the top. As a result continually push to be really the smartest real estate agent we can be around Ontario. It's our dedication to absolutely being the standout that has garnered all of us extremely good esteem here with each of our patrons.

As a fantastic realtor in Kitchener we all also always endeavor to commit to listen to every one of our clients issues diligently and with no judgment. All of us inevitably go to the trouble. All of us insist it is really critical to ensure that customers really feel valued and also taken care of.

Certainly, there are truly not too many real estate agent which maintain the specific expertise and background to identify their service as being front runner within their market. Merge this along with a high degree of client support and we really feel we are the best fantastic realtor in Kitchener within Ontario.

Ready to learn how to start?

It gets going with a quick call.

Phone (519) 575-9092.

We'll be thrilled to go over your present real estate agent requirements in greater detail over the telephone or by using email in case that is better for yourself. Following that we'll offer the choice which idealy suits your conditions. Discover the reason people describe us as the very best fantastic realtor in Kitchener!

Still Require Enticing? Different Great Reasons benjamins realty inc is truly A Realtor In Kitchener

Devotion to Quality - A Realtor In Waterloo and A Real Estate Agent In Kitchener

Our devotion to excellence is definitely extraordinarily high. For anyone trying to become a fantastic realtor in Kitchener or a fantastic realtor in Kitchener, there is certainly truly no other option but to do your personal best to shine. Whenever any particular consumer needs extra work, we all grant that client more time. Anything at all to make sure they are very pleased with us as a real estate agent. Never forget, we work in just about all of Ontario, and so you should get in touch.

Determination - A Real Estate Agent In Waterloo and A Real Estate Listing Service In Kitchener

Our cherished purchasers have sometimes described us all as a fantastic realtor in Kitchener, a fantastic realtor in Kitchener, a fantastic realtor in Kitchener coupled with the finest Ontario situated real estate agent there is! This does not develop unless there's exceptionally hard work plus commitment to the all-important clients and the quality bestowed in your work. In case you'll be shopping around to get a fantastic realtor in Kitchener, we all absolutely contend that we're sincerely the ideal solution. Contact benjamins realty inc to speak about the needs you have immediately! (519) 575-9092.

Knowledge - A Real Estate Listing Service In Waterloo and A Fantastic Realtor In Kitchener

For virtually any business, experience can be a significant factor affecting final results. When you are looking for a fantastic realtor in Kitchener, well then this will be even more legitimate. With being a real estate agent, all of us will definitely convey to you in person that the result is very much measured through the practical experience of the corporation you're contracting. The very huge volume of past experience that benjamins realty inc has in being a fantastic realtor in Kitchener, is definitely just why you ought to believe in us all for your invaluable requirements. In case you happen to be wanting for a fantastic realtor in Kitchener, trust in benjamins realty inc. Certainly communicate with us immediately.

Reach out Today for your Totally Free Consultation!

We will not get underpriced. No need to pay higher rates merely because you neglected to chat with us all. Positive you were told an incredible quote ? Why not be 100 % sure? Talk to us. You may simply see that we are in fact most suitable company. Lots of individuals have before.

Choosing exactly which real estate agent to work with is a crucial task. Choose the best choice. Shouldn't you make contact with us with zero need to determine yourself if we all are in fact the ideal real estate agent for your requirements.

Call Now!

(519) 575-9092 [/BREAK]