$1,499,000
$1,499,000
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7 Baths
7,446 SqFt
SOLD DATE : 03/17/2025
Key Details
Sold Price $1,499,000
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 7,446 sqft
Price per Sqft $201
MLS Listing ID 40683779
Sold Date 03/17/25
Abv Grd Liv Area 7,446
Annual Tax Amount $8,387
Property Sub-Type Multi-6-9 Unit
Source Waterloo Region
Property Description
Prime Investment Opportunity in Downtown Kitchener located along the LRT tracks and just 450 meters from the station, this 7-unit property offers exceptional accessibility and convenience. Spanning 7,447 sq. ft. of above-grade space, it provides a rare opportunity to expand to 9 units plus a garage and full basement, unlocking additional income potential. Currently generating a reliable NOI of $73,000, the property promises substantial growth in a high-demand rental market. Surrounded by many amenities and steps from transit, it's an ideal investment for those seeking to maximize returns or leverage its mixed-use potential. Vendor Take-Back (VTB) Financing is Available.
Location
Province ON
County Waterloo
Area 2 - Kitchener East
Zoning L1
Direction COURTLAND AVE E -> OTTAWA ST S
Rooms
Basement Separate Entrance, Full, Unfinished
Kitchen 0
Interior
Interior Features Accessory Apartment, Separate Heating Controls, Separate Hydro Meters
Heating Electric, Fireplace(s), Natural Gas, Other
Cooling Other
Fireplace Yes
Appliance Dryer, Refrigerator, Stove, Washer
Laundry In-Suite, Other
Exterior
Parking Features Attached Garage, Built-In
Garage Spaces 1.0
Roof Type Asphalt Shing
Handicap Access Multiple Entrances
Lot Frontage 43.0
Lot Depth 100.0
Garage Yes
Building
Lot Description Near Golf Course, Highway Access, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, Schools, Shopping Nearby
Faces COURTLAND AVE E -> OTTAWA ST S
Story 2.5
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 225790050
Ownership Freehold/None
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