$4,445,000
$4,445,000
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SOLD DATE : 11/07/2025
Key Details
Sold Price $4,445,000
Property Type Commercial
Sub Type Investment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID X12334256
Sold Date 11/07/25
Annual Tax Amount $45,052
Tax Year 2024
Property Sub-Type Investment
Property Description
Exceptional 21-unit multi-residential investment property in Kitchener with a current NOI of $243,341, reflecting a strong 5.48% cap rate on asking price. Suite mix: 1 bachelor, 12 one-bedroom, and 8 two-bedroom apartments, many with updated kitchens and baths. Gas fireplaces in each unit serve as a primary heat source, supplemented by electric baseboard heating. Tenants enjoy on-site parking and proximity to major transportation routes, retail, and amenities. Professional management in place. HST is in addition to the purchase price where applicable. Confidential rent roll and P&L available with executed attached CA.
Location
Province ON
County Waterloo
Area Waterloo
Zoning R2
Interior
Cooling No
Exterior
Parking Features Outside/Surface
Utilities Available Yes
Building
Lot Description Lot
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