Discover an exceptional 21-unit multi-family investment opportunity in two elegant brownstone buildings near downtown Kitchener. Nearly all units have been updated with new electrical panels, modern kitchens, baths, and stainless appliances. Each suite is separately metered for tenant-paid electricity, with an efficient gas boiler in each building. Professional property management is in place for a seamless, turnkey investment. Current rents are near market rates, ensuring healthy tenant turnover and solid returns. With a cap rate of approximately 5.6%, this property is ideal for CMHC financing. Contact listing broker for detailed financials.More details
Discover a meticulously maintained multi-family investment with market-competitive rents. This unique opportunity features TEN townhome units, all included under a single title in a prime location, with condominium conversion potential.
Each of the ten units underwent a comprehensive renovation in 2020, including new flooring, modern kitchens and baths, new appliances and fire safety systems. The property consists of 6 two-bedroom and 4 three-bedroom townhomes, designed with a common hallway and private entrances at the back of each unit.
All units are self-contained, featuring finished basements that provide additional living space, as well as individual furnaces, air conditioning, hot water heaters, and in-suite laundry machines. Tenants are responsible for their own utilities, while the owner pays for hallway lighting, waste removal, snow clearing, landscaping, and insurance.
Don’t miss out on the chance to review the financials of this turnkey investment property and see the impressive returns it offers. Contact us today for more details!More details
An exceptional opportunity to purchase a recently renovated building - the Condor Suites - in the heart of Downtown Kitchener with nine furnished residential suite apartments with ground floor commercial space currently vacant and available for lease or for the purchasers own use. This unique opportunity would allow the purchaser to select their own tenants or choose to operate the property as a short term to mid term rental property in order to achieve higher returns. There are 8 bachelor suites, and one 1 bedroom. One of the units has a large balcony overlooking Downtown Kitchener. All units have been completely and skillfully renovated from top to bottom - including kitchens, bathrooms, flooring, electrical, windows, heat pumps, and includes furnishings such as kitchenware, bedding, and TVs. Laundry onsite for all residential suites. Access to the building and units is handled wirelessly and has security cameras throughout the common areas. This property is unlike any other in downtown Kitchener and well positioned to be a top performer in your portfolio with additional value add opportunities. The property is featured as part of the DTK Artwalk, with a beautiful large mural created by Chilean artist Alapinta, as a tribute to the Mapuche and Six Nation’s Peoples, the original caretakers of the land. The building has large garage space at the back for potential value add opportunities.More details
FLOOR TO CEILING, WALL TO WALL - Don't miss this extensively renovated 4-unit rental - with potential to develop 2 additional units! Achieving a 5.6% cap rate - this property has been carefully renovated with an eye for design and energy efficiency.
Each unit is separately metered for electricity. Natural gas connectivity exists, but no gas is flowing to the units/building, reducing utility bills for tenants. Landlord pays for water with tenant agreements to reimburse at a specified monthly amount - all controlled by an in-unit thermostat.
Individual electric heat pumps provide forced-air heating and cooling to each unit - all controlled by in-unit thermostats. Together with new insulation, new plumbing/electrical and HVAC, this investment property will be low to no maintenance for years to come!
Two additional basement units are ready for the next phase of development - or perhaps used as storage for additional income. Newly paved driveway provides ample parking for tenant vehicles.
Located steps to public transit and quick access to Downtown Galt and Highways 24 & 401. Units are generally all the same or mirrored floor plans. All measurements as per i-Guide.More details
Nothing is better than Ezra! This duplexed home is located seconds to WLU and a quick walk to Uptown. Located on a street with properties that are predominantly owned by Wilfrid Laurier University, this is a rare opportunity for the private sector investor! This building comes fully rented until at least the end of April, 2025 for large $$$ with still some lift on revenue on re-rental!. With nearly $70,000 Gross Income Available here, this opportunity comes with positive cash flow with 35% down. Spacious duplex with large, purpose built addition! Almost like two houses for price of one. Interlocking brick backyard generates $150 a month in parking income. Note large storage shed. Large common areas. Hardwood flooring in main unit. Newer bedroom doors. Two bathrooms per unit with in suite laundry. This is the ideal opportunity for investor that seeks security in a AAA location. Zoning may also provide future development opportunity when combined with adjacent properties. Investor work sheet with full financials available - to show how this property can get working for you!More details
ATTENTION HOME BUYERS AND INVESTORS! Welcome to 111-113 Joseph St., Kitchener where opportunities abound. This legal triplex presents numerous possibilities. Presently with 3 great tenants or consider occupying one unit for yourself while utilizing the other two separately hydro-metered apartments to assist with your mortgage payments. Whether you're looking to support
family members, secure a solid investment, or both, this property stands out in burgeoning Downtown Kitchener. But wait, there's more! Benefit from additional income generated by owned solar panels, it’s like having a fourth unit. All current tenants are open to staying. Some of the recent upgrades include… All new Windows (2023), Two New Furnaces (2022), Central Air in Unit 113 (2022) 3 New Tub Surrounds & Tub Fixtures (2022) All new Electrical Panels (2022) Much of the Front Porch and Upstairs Balcony Replaced (2022) And let's talk location! Situated on quiet, one-way Joseph Street within the charming Victoria Park Heritage District, this property offers the perfect blend of tranquility and urban convenience. Just steps away from Kitchener's picturesque Victoria Park, you'll also find yourself in the heart of the action. Explore downtown Kitchener on foot, with shops, restaurants, nightlife, museums, and cultural venues like the Centre In The Square, all just a short stroll away. If you're part of the high-tech scene, you're in luck – major employers like Google, Communitech, D2L, and mor (see attached)More details
A purpose-built all-brick well-maintained Triplex with great income. Two three-bedroom and one are two-bedroom units. Located in a beautiful residential area of Stanley Park close to schools, just walking distance to grocery shopping, Tim Hortons, Starbucks, KPL, Community Pool, & much more ! Minutes away from 401 Highway. Lower level unit becomes vacant end of August which is an excellent opportunity to be owner-occupied or rent a higher rent. Sufficient outdoor parking.More details
This is an extremely well-situated triplex with proximity to all the locales that make Waterloo great: situated steps to Waterloo Park's LRT station, in front of the Barrel Works Development and a quick walk to night life, cafes, Waterloo Park and Waterloo Rec Centre. CIGI across the street. Perimeter Institute and Clay and Glass museum around the corner. Interior updates include vinyl plank flooring. Thousands recently spent on exterior improvements including new asphalt and retaining wall. Nine, lined, parking spots. Additional parking spots can be rented to Barrelworks tenants or Seagram Loft residents. Due to proximity to all amenities, AIRBNB could also be a very lucrative option. From a traditional rental perspective, next owner can go to market rents immediately and capitalize on perhaps the The Best Rental Market in Canada. This could also be a rare opportunity to live in Uptown with the possibility of enjoying mortgage helper income from two other units! Note 116 Erb Street West, also available, can be added to your purchase for a mixed use application: office main unit, four bedroom residential on upper levels. Combining 116 Erb (mixed office/residential) with 114 Erb Street makes the site even more compelling and may unlock development opportunity. Why settle for a tertiary location when you can own The Best? Opportunity knocks - will you answer?More details
Uber Cool, Live-Work space located in the Heart of Uptown Waterloo! Located within walking distance to all amenities that make Waterloo great! 45 Princess features 889 square feet of modernized main floor office space combining with a newly renovated, one bedroom apartment. Note the details: exposed naked brick accent walls on main floor, pot lighting, oversized baseboards, abundance of white oak hard wood flooring throughout, tile carpet, new windows, uncommon light fixtures. The building experienced a “to the stud renovations” – and it shows. Thousands of dollars spent on interior improvements to create a very, very desirable environment.
Main floor has a great flow – with two offices, a central meeting room, two piece bath and kitchenette. This could be ideal, inspirational first impression for financial planner, lawyer, retail, business incubator, personal service shop, tech office, entruprenuer that seeks mortgage helper +++ The property's zoning may open doors to future development opportunities when combined with adjacent properties.
The second level apartment boasts AirBNB level finish. Additional, quality space is available in the lowered, partially finished basement which has a bathroom rough in.
Have I mentioned parking? Parking in Uptown Waterloo is very limited – yet this spot has four independent parking spots at the back plus a couple more on the driveway. And additional street parking out front!
Current tenants on month to month basis.
Situated steps to Waterloo Public Square/Willis Way LRT stations (about 200 meters), a couple of blocks from the Iron Horse Trail, an easy walk to City Hall, the Shops at Waterloo Town Square, cafes, theaters and night life. Walking distance to Laurier. E-scooter/LRT to University of Waterloo.
Don’t be fooled by the understated exterior. This is not a drive by. Alert: Wow factor. This is a Must See.More details
AFFORDABLE VACANT TRIPLEX IN DOWNTOWN KITCHENER. 2 x 2 BEDROOM UNITS, 1 x 1 BEDROOM. LARGE DOWNTOWN LOT (42' X 134') WITH LARGE DETACHED GARAGE. GAS FURNACE, ONE HYDRO METER. THIS HOME COULD BE A GREAT INVESTMENT, PRINCIPAL RESIDENCE OR HOUSE HACKING OPPORTUNITY. R6 ZONING.More details