Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bedrooms: | 9 BR |
| Bathrooms: | 5 |
Financials
Price:C1,749,000
($1,229,900)
(€1,098,800)
Annual Taxes:C7,578
Rare opportunity to acquire an high performing legal fourplex in the heart of Kitchener on a quiet, tree lined street.
Description
Rare opportunity to acquire an high-performing legal fourplex in the heart of Kitchener on a quiet, tree-lined street. With only one 1-bedroomunit currently available, a new owner has the flexibility to either select their own tenant or move into the unit themselves while benefiting from the income generated by the remaining suites. Located just a 2-minute walk from Google's Kitchener hub, the property sits in a Walker's Paradise with a Walk Score of 90+, offering immediate access to the ION LRT, GO Train, restaurants, amenities and major employers throughout Downtown Kitchener and Uptown Waterloo. The building features an excellent unit mix consisting of one 1-bedroom + den, one 2-bedroom +den and two spacious 3-bedroom units. Each unit has its own private entrance, in-suite laundry, individual heating controls and private outdoor space. Abundant on-site parking, with up to two spaces per unit, provides a significant advantage in this central location. Bright, spacious and newly renovated, the property has been well maintained and designed for minimal ongoing maintenance. Its diverse unit mix appeals to everyone from young professionals to families, providing both stable income and long-term flexibility for an investor. Currently generating an NOI of $100,000, this is a rare opportunity to secure an outperforming multi-residential asset in one of Waterloo Region's strongest technology and employment hubs, with existing income, tenant stability and additional upside.
Amenities
- Water Heater
- Water Meter
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.