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$3,850,000
Status: For Sale
An exceptional opportunity to purchase a recently renovated building - the Condor Suites - in the heart of Downtown Kitchener with nine furnished residential suite apartments with ground floor commercial space currently vacant. This unique opportunity would allow the purchaser to select their own tenants or choose to operate the property as a short term to mid term rental property in order to achieve higher returns. There are 8 bachelor suites, and one 1 bedroom. One of the units has a large balcony overlooking Downtown Kitchener. All units have been completely and skillfully renovated from top to bottom - including kitchens, bathrooms, flooring, electrical, windows, heat pumps, and includes furnishings such as kitchenware, bedding, and TVs. Laundry onsite for all residential suites. Access to the building and units is handled wirelessly and has security cameras throughout the common areas. This property is unlike any other in downtown Kitchener and well positioned to be a top performer in your portfolio with additional value add opportunities. The property is featured as part of the DTK Artwalk, with a beautiful large mural created by Chilean artist Alapinta, as a tribute to the Mapuche and Six Nation’s Peoples, the original caretakers of the land. The building has large garage space at the back for potential value add opportunities.
Property Type | :Commercial Sale |
MLS Number | :40616498 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :05 Jul, 2024 (77 Days ago) |
Source | :Waterloo Region |
Area | :Waterloo |
City | :Kitchener |
Area Major | :3 - Kitchener West |
Area Minor | :313 - Downtown Kitchener/West Ward |
Postal Code | : N2G 1X2 |
Directions | :Ontario St S, between King St W and Charles St W. |
Price | : $3,850,000 |
Property Taxes | :$17430.06 |
Tax Year | :2023 |
Bedrooms | :0 + |
Air Conditioning | :Ductless |
Heating | :Heat Pump |
Place of Worship | :No |
Approx Square Footage | :6000 sqft |
Great Room | :3.51 m x 4.42 m |
Bedroom | :3.07 m x 3.07 m |
Bedroom | :3.07 m x 3.17 m |
Laundry | :0.94 m x 0.74 m |
Dining Room | :3.71 m x 3.96 m |
Bedroom Primary | :3.38 m x 4.17 m |
Kitchen | :2.74 m x 3.53 m |
Basement | :Partial |
Library | :Library |
05 Jul, 2024
TREB #40616482
Listed
$3850000
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