Size
-
Lot size
649.39 sqm
Street frontage
W
Possession
-
Price per sqm
$5,917
Taxes
$4,666.41 (2023)
Parking Type
-
Style
-
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Description
Stable Income & Growth Potential in Kitchener.
This 5-plex in a desirable Kitchener area offers a compelling opportunity for investors seeking a stable income stream with excellent growth potential. The property boasts a healthy 4.5% cap rate and enjoys easy access to highways 85 and 7, allowing tenants convenient commutes around the region and to Guelph. Nearby amenities, parks, schools, and shopping centres further enhance the property's appeal.
Adding to its attractiveness, the property backs onto peaceful Creekside land feeding the Grand River, providing a tranquil escape for tenants, helping to boost occupancy and rental potential. The unit mix itself offers two spacious 2-bedroom units, and three functional 1-bedroom units perfect for singles or couples. This 5-plex boasts a well-connected location, a serene setting, and a diversified unit mix, creating a strong foundation for a successful investment. Learn more about the property's income potential and schedule your tour.
Broker: DEWAR REALTY INC., BROKERAGE
MLS®#: 40579509
Property details
Parking:
5
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
-
MLS Size:
169 sqm
Lot front:
15.24 M
Lot depth:
42.37 M
Listed on:
May 15, 2024
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