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$5,000,000
Status: For Sale
Discover an exceptional 21-unit multi-family investment opportunity in two elegant brownstone buildings near downtown Kitchener. Nearly all units have been updated with new electrical panels, modern kitchens, baths, and stainless appliances. Each suite is separately metered for tenant-paid electricity, with an efficient gas boiler in each building. Professional property management is in place for a seamless, turnkey investment. Current rents are near market rates, ensuring healthy tenant turnover and solid returns. With a cap rate of approximately 5.6%, this property is ideal for CMHC financing. Contact listing broker for detailed financials.
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40672421 |
| Listing Type | :Sale |
| Property Age | :51-99 Years years |
| Possession Date | : |
| Last Updated | :01 Nov, 2024 (5 Days ago) |
| Source | :Waterloo Region |
| Area | :Waterloo |
|---|---|
| City | :Kitchener |
| Area Major | :1 - Waterloo East |
| Area Minor | :114 - Uptown Waterloo/North Ward |
| Postal Code | :
N2H 4H6
|
| Directions | :MARGARET AVE AND BREITHAUPT ST |
| Price | : $5,000,000 |
|---|---|
| Property Taxes | :$46546.32 |
| Tax Year | :2024 |
|---|
| Bedrooms | :34 + |
|---|---|
| Air Conditioning | :Central Air |
| Heating | :Natural Gas |
| Place of Worship | :No |
| Bathrooms | :21 |
|---|---|
| Approx Square Footage | :14000 sqft |
| Parking Space | :13 |
|---|---|
| Basement | :Full |
| Garage | :3 |
|---|
01 Nov, 2024
TREB #40672421
Listed
$5000000
