REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,250,000
Est. payment | /mo
$ 2,250,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID X12334308
Annual Tax Amount $24,372
Tax Year 2024
Property Sub-Type Investment
Property Description
Charming 12-unit brownstone in Kitcheners sought-after Mount Hope neighborhood, steps to the ION LRT, Kitchener GO Station, hospitals, parks, and downtown amenities. Built in 1942 and extensively updated, the property features all one-bedroom suites with modern kitchens, stainless steel appliances, luxury plank flooring, and on-site laundry. Current NOI $110,733, representing a 5% cap rate at asking price. Seven surface parking spaces (off-site). Strong rental demand from professionals, healthcare workers, and students. HST in addition to purchase price where applicable. Confidential rent roll and P&L available upon execution of a Confidentiality Agreement.
Location
Province ON
County Waterloo
Area Waterloo
Zoning R2
Interior
Cooling No
Inclusions All existing fridges, stoves, light fixtures, and any owned hot water heaters/mechanical equipment, all in as-is condition.
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Lot
Others
Virtual Tour https://youtu.be/xeAyMXctLnw
Lited by REAL BROKER ONTARIO LTD.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "