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24 Cait Avenue
Kitchener
N2C 1G4
$1,289,000
Residential Income
beds: 5
baths: 6.0
3,220 sq. ft.
built: 1963
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 40719549
- Bedrooms:
- 5
- Bathrooms:
- 6
- Year Built:
- 1963
- Photos (28)
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Turnkey Investment Opportunity! Well-Maintained 6-Plex Generating Over $83,000 in Annual Rental Income with a 4% CAP RATE! This multi-family property features six units, including five spacious 1-bedroom suites and one bachelor unit, offering strong tenant appeal and stable returns. The property provides eight dedicated parking spaces, on-site laundry, and individual storage lockers for tenant convenience. The tenants can enjoy a large, landscaped yard with a patio - ideal for outdoor relaxation and summer barbecues. Located just minutes from Fairview Park Mall, public transit including the ION LRT, and a full range of shops, restaurants, and amenities, this property is perfectly positioned for both tenant satisfaction and long-term value.
- Property Type:
- Residential Income
- Property SubType:
- Multi-6-9 Unit
- Year built:
- 1963 (Age: 62)
- Listing General Location:
- 327 - Fairview/Kingsdale, 3 - Kitchener West
- Bedrooms:
- 5
- Bathrooms:
- 6.0 (Full:-/Half:-)
- Lot Details:
- 76.35 x 132
- Lot Depth:
- 132'
- Lot Frontage:
- 76'4"
- Frontage Type:
- North
- Kitchens:
- 0
- County Or Parish:
- Waterloo
- Features:
- Crops Included: No, Garage: No, New Construction: No
- Construction:
- Brick
- Basement:
- Full, Finished
- Foundation:
- Poured Concrete
- Roof:
- Tar/Gravel
- Number of Storeys:
- 2
- Number of Buildings:
- 0
- Total Floor Area:
- 3,220 sq. ft.
- Finished Area Above Grade:
- 3,220 sq. ft.
- Fireplace:
- false
- Laundry Features:
- Coin Operated, Shared
- Water Supply:
- Municipal
- Sewer:
- Sewer (Municipal)
- Cooling:
- None
- Heating:
- Baseboard, Natural Gas, Radiant
- None
- Tenant's Belongings fridge And Freezer In Unit #1; Freezer In Unit #4; Freezer Chest In Unit #6.
- Separate Heating Controls, Separate Hydro Meters, None
- false
- No
- Wilson Ave to Woodhaven Rd on Cait Ave
- No
- HST Applicable To Sale Price:
- Yes
- Features:
- Crops Included: No, Garage: No, New Construction: No
- Electric Expense:
- $639
- Insurance Expense:
- $8,463
- Expenses:
- Actual
- Snow Garbage Expense:
- $2,576
- Trash Expense:
- $1,282
- Utilities Expense:
- 7083
- Laundry Income:
- $1,800
- Net Income:
- $53,271
- Under Contract Costs Monthly:
- $433.00
- Zoning:
- RES-5
- Lot Site Features:
- Rectangular, High Traffic Area, Highway Access, Park, Place of Worship, Public Transit, School Bus Route, Schools, Shopping Nearby
- Features:
- Crops Included: No, Garage: No, New Construction: No
- # Of Total Parking Spaces:
- 8.0
- # Of Open Parking Spaces:
- 8.0
- Driveway Parking:
- Outside/Surface/Open
- Licensed Dwelling:
- No
- Num Apartment Units:
- 0
- Num Bachelor Units:
- 1
- Num Efficiency Units:
- 0
- Num Loft Units:
- 0
- Num Other Units:
- 0
- Num Penthouse Units:
- 0
- Num Studio Units:
- 0
- Listed Date:
- May 07, 2025
-
View of front facade with driveway, stucco siding, a front lawn, and fence -
View of property featuring a front yard and uncovered parking
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Stairway with baseboards
-
View of doorway to property
-
Unfurnished room with light tile patterned floors, baseboards, and baseboard heating
-
Empty room featuring baseboards, tile patterned flooring, and baseboard heating
-
Spare room with a baseboard radiator and washer / clothes dryer
-
Unfurnished room featuring baseboards and baseboard heating
-
Kitchen with a ceiling fan, baseboard heating, white appliances, a sink, and dark countertops
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Kitchen with a sink, dark countertops, white cabinetry, and white electric stove
-
Spare room with a ceiling fan, a baseboard radiator, baseboards, baseboard heating, and light tile patterned flooring
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Kitchen featuring a ceiling fan, a sink, white electric stove, dark countertops, and a baseboard heating unit
-
Hall with light tile patterned floors, baseboards, and baseboard heating
-
Bathroom with tile walls, vanity, tile patterned floors, a baseboard radiator, and bathing tub / shower combination
-
Empty room with baseboards
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Unfurnished room with baseboards, light tile patterned flooring, and a baseboard heating unit
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View of balcony
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Stairway featuring tile patterned flooring
-
Unfinished below grade area with washing machine and dryer, concrete block wall, gas water heater, and a sink
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Basement featuring washer and clothes dryer, concrete block wall, and gas water heater
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Utility room featuring water heater
-
View of uncovered parking lot
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Photo 23 of 28
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Back of property with a patio and fence
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View of yard featuring fence
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Uncovered parking lot featuring fence
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Room layout
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Property floor plan
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Listed by Royal LePage Wolle Realty
Data was last updated June 12, 2025 at 01:50 PM (UTC)
Area Statistics
- Listings on market:
- 27
- Avg list price:
- $999,000
- Min list price:
- $635,000
- Max list price:
- $1,550,000
- Avg days on market:
- 24
- Min days on market:
- 1
- Max days on market:
- 254
- Avg price per sq.ft.:
- $399.6
These statistics are generated based on the current listing's property type
and located in
3 - Kitchener West. Average values are
derived using median calculations.
- MIKE HARVEY
- ROYAL LEPAGE WOLLE REALTY
- 1 (519) 5888088
- Contact by Email
Mike Harvey
Change Realty
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Office Address:
7-180 NORTHFIELD DR W.
Waterloo, ON, N2L 0C7