Exceptional 21-unit multi-residential investment property in Kitchener with a current NOI of $243, 341, reflecting a strong 5.48% cap rate on asking price. Suite mix: 1 bachelor, 12 one-bedroom, and 8 two-bedroom apartments, many with updated kitchens and baths. Gas fireplaces in each unit serve as a primary heat source, supplemented by electric baseboard heating. Tenants enjoy on-site parking and proximity to major transportation routes, retail, and amenities. Professional management in place. HST is in addition to the purchase price where applicable. Confidential rent roll and P&L available with executed attached CA.Show Description MLS® Number40758467
Laundry LevelCoin Operated, Common Area
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementFull, Partially Finished
DrivewayAttached Garage
Garage Spaces
HeatBaseboard, Electric, Fireplace(s), Natural Gas
A/CNone
Heating Fuel
Hot Water Tank Owned, All Existing Fridges, Stoves, Light Fixtures, And Any Owned Hot Water Heaters/Mechanical Equipment, All In As-Is Condition.
