$1,499,000
( $201.32Per Sq Foot )
$8,047 est/mo Sourced by Back At You183 Ottawa Street S , Kitchener, ON N2G 3T3
Kitchener, ON N2G 3T3
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.
Details
| MLS# | 40684437 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 40 |
| Listing Provided By | RE/MAX TWIN CITY REALTY INC. BROKERAGE-2 | Tony Johal |
Features
| Bed(s) | 7 |
|---|---|
| SQ Feet | 7,446 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 2 |
| Units | 7 |
| Zoning | L1 |
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Learn More About This Property
| State | ON |
|---|---|
| County | Waterloo |
| City | Kitchener |
| Zip Code | N2G 3T3 |
| Area | 2 Kitchener East |
| Subarea | 212 Downtown Kitchener | East Ward |
| Community Name | 212 Downtown Kitchener/East Ward |
| Listing VS Median (in 212 Downtown Kitchener/East Ward) | |
Price: $1,499,000 low | high Med: $366,900 SqFt: 7,446 low | high Med: 457 $ / SqFt: $201 low | high Med: $803 On Site: 40 low | high Med: 75.500000 | |
Listing Updated: January 19, 2025 at 1:30:51 AM PST