The Royal and Wales Apartments – three well-maintained low-rise walk-ups totaling 46 residential units in downtown Kitchener. Renovated in 2015, suites feature modern kitchens, stainless steel appliances, gas fireplaces, and individual thermostats. Excellent tenant mix of 12 bachelors, 23 one-bedrooms, and 11 two-bedrooms. Steps to Victoria Park, Grand River Hospital, Uptown Waterloo, Belmont Village, and the ION LRT. Strong current income with clear rental upside as leases turn over. A turnkey, stabilized investment in a high-demand core location. (id:35544)
| MLS® Number | 40758559 |
| Property Type | Multi-family |
| AmenitiesNearBy | Park, Public Transit, Schools, Shopping |
| Features | Laundry- Coin Operated |
| ParkingSpaceTotal | 16 |
| Appliances | Water Softener |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| CoolingType | None |
| ExteriorFinish | Brick |
| HeatingFuel | Natural Gas |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 3 |
| SizeInterior | 76000 Sqft |
| UtilityWater | Municipal Water |
| AccessType | Road Access |
| Acreage | No |
| LandAmenities | Park, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeFrontage | 130 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | C5 |
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