Well maintained purpose built 18-unit apartment building on a 0.575 acre lot with significant opportunity to increase revenue. Unit break-down is17 Two Bed / One Bath units and 1 newly constructed (completion September 2024) One bed / One bath unit. 8 of the 18 units are newly renovated including flooring, kitchens, appliances and bathrooms leaving an opportunity for the new owner to reposition the 10 remaining units. Revenue may further be increased by the introduction of parking surcharges on turn-over. The building is located in a very attractive area in terms of investment that will appeal to Tenants with easy access to public transportation, including the Region’s Light Rail Transit (LRT) system, schools, regional shopping mall, the expressway (to 401), and a variety of grocery & drug stores, restaurants, medical and dental offices as well as other shopping opportunities.
Property Type:
Residential Income
Property SubType:
Apartment
Year built:
1972
(Age: 53)
Listing General Location:
327 - Fairview/Kingsdale, 3 - Kitchener West
Bedrooms:
34
Bathrooms:
18.0
(Full:-/Half:-)
Lot Size:
0.58 acre(s)0.23 hectare(s)
Lot Frontage:
127'8⅞"38.9 m
Lot Shape:
173.07 ft x 79.00 ft x 47.65 ft x 1.09 ft x 179.75
Kitchens:
0
County Or Parish:
Waterloo
Features:
Crops Included: No, Garage: No, New Construction: No
Construction:
Brick Veneer
Basement:
None
Foundation:
Other
Roof:
Tar/Gravel
Number of Storeys:
3
Number of Buildings:
0
Total Floor Area:
17,000 sq. ft.1,579 m2
Finished Area Above Grade:
17,000 sq. ft.1,579 m2
Fireplace:
false
Laundry Features:
In-Suite, Other
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
None
Heating:
Natural Gas, Radiant
None,All Appliances - See Chat List.
Dishwasher, Dryer, Refrigerator, Stove, Washer
Tenants' Possessions
None
false
No
South side Traynor between Belwood and Balfour
No
HST Applicable To Sale Price:
No
Features:
Crops Included: No, Garage: No, New Construction: No
Zoning:
R7
Total Acres:
0.575
Lot Site Features:
Ample Parking, Business Centre, High Traffic Area, Highway Access, Major Anchor, Public Transit, Regional Mall, School Bus Route
Features:
Crops Included: No, Garage: No, New Construction: No
Data was last updated May 2, 2025 at 11:50 AM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$1,075,000
Min list price:
$599,900
Max list price:
$4,195,000
Avg days on market:
43
Min days on market:
2
Max days on market:
213
Avg price per sq.ft.:
$401.11
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.