Basics
- Date added: Added 2 weeks ago
- Category: Residential Income
- Type: Multi-5 Unit
- Status: Active
- Bedrooms: 7
- Bathrooms: 5
- Area: 1819.89 sq ft
- Year built: 1949
- County Or Parish: Waterloo
- MLS ID: 40579509
Description
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Description:
Stable Income & Growth Potential in Kitchener.
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Make an offer on this well-priced 5-plex, currently generating $61,000 annually with a solid 5% cap rate, presents a rare opportunity for investors looking for more than just a standard duplex or triplex. Located in a highly sought-after area of Kitchener, this property offers both stable income and the potential for substantial equity growth through strategic upgrades, rental increases, and possibly adding another storey. With convenient access to Hwy 7, Bridgeport Rd, and University Ave, this property ensures easy commutes for tenants, reducing vacancy concerns and enhancing long-term rental demand. The unit mix, featuring two 2-bedroom units and three 1-bedroom units, caters to a variety of tenant profiles, increasing flexibility and occupancy potential. For savvy investors, this property presents an attractive blend of current cash flow and future appreciation, making it a competitive investment with more upside than other multi-unit properties that are currently available. Schedule a tour today and explore the possibilities of turning this 5-plex into a high-performing asset in your portfolio.
Location
- Parking Total: 5
- Directions: Bridge Street to Lancaster Street West
Building Details
- Number Of Units Total: 5
- Building Area Total: 3491.63 sq ft
- Number Of Buildings: 0
- Parking Features: Gravel, Other
- Security Features: Alarm System, Carbon Monoxide Detector(s)
- Covered Spaces: 0
- Construction Materials: Metal/Steel Siding
- Garage Spaces: 0
- Roof: Flat
Amenities & Features
- Water Source: Municipal
- Appliances: Refrigerator, Stove
- Sewer: Sewer (Municipal)
- Cooling: None
- Interior Features: Separate Hydro Meters
- Heating: Forced Air, Natural Gas
- Frontage Type: West
