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:
132'40.2 m
Lot Frontage:
76'4"23.3 m
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.299 m2
Finished Area Above Grade:
3,220 sq. ft.299 m2
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
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
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
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
Unfurnished room with baseboards, light tile patterned flooring, and a baseboard heating unit
View of balcony
Stairway featuring tile patterned flooring
Unfinished below grade area with washing machine and dryer, concrete block wall, gas water heater, and a sink
Basement featuring washer and clothes dryer, concrete block wall, and gas water heater
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.