Exceptional Investment Opportunity – Turn-Key Multi-Family Asset Near Downtown Kitchener. Discover a premier investment generating approximately $203,000 in gross annual rental income. Renovated in 2015, this meticulously maintained property offers a seamless blend of modern finishes and classic character, featuring twelve self-contained one-bedroom units in a sought-after rental location. Situated just steps from schools, hospitals, transit, and downtown amenities, this high-demand area boasts a Walk Score of 97 – a true Walker’s Paradise. In 2015 this building had a major overhaul with all new windows, doors, kitchens, appliances, full electrical and plumbing upgrades as well as a steel roof. Surrounded by high-density redevelopment, this asset holds strong current value and promising future appreciation potential – making it ideal for land banking while collecting attractive rental returns. Just one property away from Weber Street, it’s perfectly positioned for investors seeking a turn-key, low-maintenance asset minutes from the heart of Downtown Kitchener. (id:35544)
| MLS® Number | 40731112 |
| Property Type | Multi-family |
| AmenitiesNearBy | Hospital, Park, Playground, Schools, Shopping |
| CommunityFeatures | High Traffic Area, Community Centre |
| Features | Laundry- Coin Operated |
| ParkingSpaceTotal | 12 |
| BathroomTotal | 12 |
| BedroomsTotal | 12 |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| ConstructionMaterial | Concrete Block, Concrete Walls |
| CoolingType | None |
| ExteriorFinish | Brick, Concrete |
| HeatingType | Radiant Heat |
| StoriesTotal | 3 |
| SizeInterior | 8750 Sqft |
| UtilityWater | Municipal Water |
| Visitor Parking |
| Acreage | No |
| LandAmenities | Hospital, Park, Playground, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 143 Ft |
| SizeFrontage | 60 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Cr-a, 18h |
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