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$1,499,000
Status: For Sale
Prime Investment Opportunity in Downtown Kitchener located along the LRT tracks and just 450 meters from the station, this 7-unit property offers exceptional accessibility and convenience. Spanning 7,447 sq. ft. of above-grade space, it provides a rare opportunity to expand to 9 units plus a garage and full basement, unlocking additional income potential. Currently generating a reliable NOI of $73,000, the property promises substantial growth in a high-demand rental market. Surrounded by many amenities and steps from transit, it’s an ideal investment for those seeking to maximize returns or leverage its mixed-use potential. Vendor Take-Back (VTB) Financing is Available.
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40683779 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :16 Dec, 2024 (1 Day ago) |
| Source | :Waterloo Region |
| Area | :Waterloo |
|---|---|
| City | :Kitchener |
| Area Major | :2 - Kitchener East |
| Area Minor | :212 - Downtown Kitchener/East Ward |
| Postal Code | :
N2G 3T3
|
| Directions | :COURTLAND AVE E -> OTTAWA ST S |
| Price | : $1,499,000 |
|---|---|
| Property Taxes | :$8387.94 |
| Tax Year | :2024 |
|---|
| Air Conditioning | :Other |
|---|---|
| Heating | :Electric |
| Place of Worship | :No |
| Bathrooms | :7 |
|---|---|
| Approx Square Footage | :7446.72 sqft |
| Virtual Tour | :Virtual Tour (External Link) |
06 Dec, 2024
TREB #40683779
Listed
$1499000
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