Basics
- Date added: Added 3 weeks ago
- Category: Residential Income
- Type: Apartment
- Status: Active
- Bedrooms: 34
- Bathrooms: 21
- Area: 14000 sq ft
- County Or Parish: Waterloo
- MLS ID: 40672421
Description
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Description:
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.
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Location
- Parking Total: 13
- Directions: MARGARET AVE AND BREITHAUPT ST
Building Details
- Number Of Units Total: 21
- Building Area Total: 14000 sq ft
- Number Of Buildings: 0
- Parking Features: Attached Garage
- Security Features: Carbon Monoxide Detector
- Covered Spaces: 3
- Construction Materials: Brick
- Garage Spaces: 3
- Roof: Asphalt Shing
Amenities & Features
- Water Source: Municipal
- Appliances: Built-in Microwave, Hot Water Tank Owned
- Sewer: Septic Tank
- Cooling: Central Air
- Attached Garage Yes/ No: 1
- Interior Features: Separate Hydro Meters
- Heating: Natural Gas, Other
