24 Cait Ave, Kitchener, ON N2C 1G4, Canada
24 Cait Ave, Kitchener, ON N2C 1G4, Canada
$1,289,000
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Basics
- Date added: Added 2 months ago
- Category: Residential Income
- Type: Multi-6-9 Unit
- Status: Active
- Bedrooms: 5
- Bathrooms: 6
- Area: 3220 sq ft
- Year built: 1963
- County Or Parish: Waterloo
- MLS ID: 40719549
Description
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Description:
Turnkey Investment Opportunity! Well-Maintained 6-Plex Generating Over $83,000 in Annual Rental Income with a 4% CAP RATE! This multi-family property features six units, including five spacious 1-bedroom suites and one bachelor unit, offering strong tenant appeal and stable returns. The property provides eight dedicated parking spaces, on-site laundry, and individual storage lockers for tenant convenience. The tenants can enjoy a large, landscaped yard with a patio - ideal for outdoor relaxation and summer barbecues. Located just minutes from Fairview Park Mall, public transit including the ION LRT, and a full range of shops, restaurants, and amenities, this property is perfectly positioned for both tenant satisfaction and long-term value.
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Location
- Parking Total: 8
- Directions: Wilson Ave to Woodhaven Rd on Cait Ave
Building Details
- Number Of Units Total: 6
- Building Area Total: 3220 sq ft
- Number Of Buildings: 0
- Construction Materials: Brick
- Roof: Tar/Gravel
Amenities & Features
- Water Source: Municipal
- Sewer: Sewer (Municipal)
- Cooling: None
- Interior Features: Separate Heating Controls, Separate Hydro Meters, None
- Heating: Baseboard, Natural Gas, Radiant
- Frontage Type: North
