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Brick exterior apartment building featuring dark gray accent siding and multiple bay windows

Expansive grass area with a chain-link fence border

Expansive grass lot featuring a chain-link fence border and mature trees

Expansive grassy lot with mature perimeter trees

Brick apartment building with an exterior fire escape and parking area

Expansive grassy area featuring a chain link fence and a clear blue sky with white clouds

Expansive green space featuring a chain-link perimeter fence

Expansive green lot featuring a chain-link fence border and scattered trees

Expansive green space featuring a chain-link fence along the perimeter and a paved sidewalk

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Red brick exterior with white trim, featuring a covered front entry and a dark-framed glass door

Brick exterior featuring a white entry door, multiple windows, a dark grey siding accent, and a paved parking area

Exterior of a multi-story brick building with white-framed windows and dark trim accents

Brick multi-story building featuring two balconies with black railings and glass panels

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Description

Rare purpose-built triplex on one of the largest lots in the neighbourhood! Welcome to 26 Carnaby Crescent, a solid all-brick triplex located in the highly desirable Lackner Woods/Idlewood community of Kitchener. Opportunities like this are becoming increasingly difficult to find. Whether you're an investor looking to expand your portfolio or an owner-occupier seeking mortgage-supporting rental income, this property offers exceptional value in a prime location. The building features two spacious 3-bedroom apartments and one 2-bedroom apartment, appealing to a wide range of tenants and helping support strong long-term rental demand. All units are currently tenanted, generating high gross rental income. Each unit is separately metered for hydro, while a brand-new, owned combo tankless boiler, 06/2026, provides efficient heating & added peace of mind for years to come. Set on an extraordinary pie-shaped lot, this property features approximately 171 feet across the rear lot line and depths of approximately 157 feet and 213 feet, making it one of the largest lots on Carnaby Crescent. Backyard offers a unique setting rarely found with multi-residential properties & presents exceptional long-term potential. Major improvements over the years include windows (2010), roof (2016), front balconies, railings and balcony flooring (2016), along with a brand-new owned boiler installed in June 2026. Ideally situated in a quiet residential neighbourhood surrounded by parks, walking trails and mature trees, tenants enjoy convenient access to schools, shopping, restaurants, public transit, the Grand River, Stanley Park amenities, Tim Hortons, Starbucks, the Kitchener Public Library, community pool and quick access to Highway 401.Purpose-built triplexes in established neighbourhoods are always in demand. Combine that with a lot of this size, strong rental income, extensive updates and an excellent location, and you have a rare investment opportunity with tremendous long-term potential. (id:13843)

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Exterior

Parking

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MLS Number: 40841840

Listing Provided By: Goran Petrovic – (519) 897-9898

Royal LePage Wolle Realty – (519) 747-2040