179 Fifth Ave, Kitchener, ON N2C 1P6, Canada
179 Fifth Ave, Kitchener, ON N2C 1P6, CanadaBasics
- Date added: Added 1 hour ago
- Category: Residential Income
- Type: Multi-4 Unit
- Status: Active
- Bedrooms: 10
- Bathrooms: 8
- Area: 3060 sq ft
- County Or Parish: Waterloo
- MLS ID: 40856151
Description
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Description:
Here is your chance to own a modern, purpose-built fourplex which was constructed only in 2024. This exceptionally built property features two 3-bedroom upper-level units and two 2-bedroom lower-level units, all offering quality finishes and enhanced soundproofing insulation with resilient channel and SonoPan for improved privacy and comfort between units.
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The property features upgraded kitchen cabinets, countertops and appliances, commercial-grade laminate flooring, commercial steel siding and insulated vertical siding. The rear unit benefits from a covered porch with skylight, while a drainage system around the property provides additional protection and functionality.
Each unit is separately metered for utilities, making this an efficient and attractive investment. Excellent tenants are currently in place, providing stable income and peace of mind for the new owner.
Residents enjoy a shared common backyard area at the rear. Located in an established family-friendly neighbourhood which is close to amenities, transit, parks, schools and highway access.
This is a rare opportunity to acquire a newer, custom built fourplex offering an excellent unit mix, premium construction, upgraded soundproofing, separately metered utilities and strong existing tenancy with an approximate a 5.5% cap.
Location
- Parking Total: 2
Building Details
- Number Of Units Total: 4
- Building Area Total: 4660 sq ft
- Number Of Buildings: 0
- Construction Materials: Aluminum Siding, Brick
- Roof: Shingle
Amenities & Features
- Water Source: Municipal
- Appliances: Hot Water Tank Owned, Dishwasher, Dryer, Refrigerator, Stove, Washer
- Sewer: Sewer (Municipal)
- Cooling: Central Air
- Interior Features: Separate Hydro Meters
- Heating: Natural Gas