An exceptional investment asset with high-yielding revenue streams in the heart of Kitchener’s thriving tech and innovation hub. Strategically positioned on a massive 0.24-acre lot with EMP-1 Employment Zoning, this highly versatile property features a multi-unit residential building plus a rare, substantial concrete block detached garage compound. The primary building consists of four tenanted one-bedroom units plus an additional bonus studio space offering immense value-add potential, all serviced by robust radiant heating. Completely independent from the residential leases, the four garage bays operate as distinct, cash-flowing storage rental units equipped with their own separate hydro meters. The property also features a massive asphalt driveway accommodating eleven off-street parking spaces. Located just steps from major transit lines, commuter rail links, tech employers, highway access, and downtown amenities, this recession-proof portfolio addition appeals equally to commercial owner-operators, traditional multi-residential investors, and premium value-add buyers looking to secure a dominant footprint in a premier location.
Property Type:
Residential Income
Property SubType:
Multi-4 Unit
Year built:
1985
(Age: 41)
Listing General Location:
114 - Uptown Waterloo/North Ward, 1 - Waterloo East
Data was last updated September 21, 2026 at 03:50 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$799,000
Min list price:
$475,000
Max list price:
$2,700,000
Avg days on market:
63
Min days on market:
11
Max days on market:
136
Avg price per sq.ft.:
$435.48
These statistics are generated based on the current listing's property type
and located in
1 - Waterloo East. Average values are
derived using median calculations. This data is not produced by
the MLS® system.