Kitchener N2H 2V9

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 18 BR
Bathrooms: 14
Pets: Pets No

Financials

Price:C1,999,900
($1,448,788)
(€1,241,081)
Annual Taxes:C27,946.49
505 Park Ave, New York, NY 10022

Description

**CAP RATE 7.12% Very strong annual income$198,459.00, can be purchased with property management company in place. DUPLEX + 12-PLEX - ATTENTION INVESTORS! Unique real estate assembly on 14 Brubacher St. (Duplex) and 16-18-20 Brubacher St. consisting of 4 bachelor units, 6 one-bedroom units and 2 two bedroom units sold together. All tenants pay their own hydro with 14 separate hydro meters, newer furnaces, 1 shared washer and dryer at 12-plex and parking for 11 vehicles total. 3 hot water tanks 1 rented and 2 owned. Half of the units have seen upgrades in last couple of years. Ideally positioned in the heart of Kitchener's Central Frederick neighborhood. Located within walking distance of the LRT, & close to the University of Waterloos School of Pharmacy, this area is close to major employers such as Google & the Innovation Centre, & provides easy access to Toronto via the nearby GO Train. The neighborhood is bustling with cultural attractions including Centre in the Square, Kitchener Market, The Museum, Library, & dining options. Its a thriving hub of innovation/growth, further enhanced by Victoria Park & Kitchener Auditorium, adding to the area's appeal. 4 units are currently vacant and can be shown anytime.

Amenities

  • Separate Hydro Meter

CAP RATE 7. 12 Very strong annual income 198, 459.


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.