Developers and builders, bring your creative vision to downtown Kitchener. This well maintained and carefully managed 17-unit multifamily property (all one bedroom apartments) is set on just over one-half of an acre (.503 acres) directly across from City
Hall and beside the Central LRT station. With highly flexible D-5 zoning, this site could potentially house a 30+ storey high-rise residential tower someday. Ask for a copy of our land use study from LandPro highlighting this opportunity. Only a 600m walk to the future Waterloo Region transit hub, 400 m to Gaukel and Victoria Park, 750m to the Central library while the arts and entertainment of downtown Kitchener are all on the doorstep. Meanwhile, investors can make use of the excellent holding asset in the 17-unit building which generates solid income as plans are laid.More details
Welcome to a rare purpose-built 36 unit investment opportunity in the heart of Kitchener-Waterloo! This purpose-built, 3-storey, 36-unit building situated on 0.8 acres offers a mix of amenities, excellent location, and potential for significant rental income growth. This solid-built property features 24 one-bed units, 10 two-bed units, and 2 bachelor units, all designed with tenant comfort and convenience in mind. Each above-ground unit boasts a private balcony. The building's infrastructure is rock-solid, with recent updates to all windows and balcony sliders ensuring energy efficiency and aesthetic appeal. The roof, with durable rubber membrane since 2010, provides reliable protection and longevity. Parking is never a concern with 33 open parking spots and 11 garage bays, a rare find in this prime location. The building's secured entry and elevator access add to the safety and convenience for all residents. This opportunity not only offers a stable income with several long-term tenants but also holds immense potential for increased rent as tenants transition. Living in Cherry Hill means being at the heart of it all. Just a short stroll to Highland Road, you'll find a variety of grocery stores, restaurants, and other services that cater to daily needs. Nature enthusiasts will enjoy the proximity to the Filzinger Natural Area, an 8-minute walk that leads to the renowned Victoria Park, offering picturesque pathways and green spaces. Downtown Kitchener, just beyond, is home to the KW tech hub, restaurants/retail options, Kitchener City Hall, train station, and the LRT. Commuters will benefit from the close proximity to the Conestoga Expressway, ensuring efficient travel to Waterloo, Cambridge, and the 401.Families will appreciate the nearby schools/community facilities, making this an ideal location for tenants of all ages. Seize this unique opportunity to expand your real estate portfolio with a prime asset.More details
$$$ DON’T MISS OUT ON THIS CASH COW LEGAL TRIPLEX WITH OVER 5% PROJECTED CAP RATE $$$ COMPLETELY UPDATED LEGAL TRIPLEX IN THE HEART OF THE CITY WITH METAL ROOF & ZERO CONDO FEES!!! This is the perfect opportunity for the savvy investor to grow their portfolio. This home has been completely gutted and updated! With too many updates to list…here are just a few; NEW WINDOWS, DOORS, ELECTRICAL, PLUMBING, FLOORING, BATHROOMS ETC… this is a MUST-SEE building. All units have private entrances as well as EN-SUITE laundry. Your Tenants can enjoy the morning and evening sun on their private veranda or balconyMore 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
Turn-key legal triplex with 72K+ gross annual income potential located in the desirable East Ward neighborhood of Kitchener. 132 Merner Ave features a 3 bed upper unit (vacant), lower 2 bed unit (tenanted) and rear bachelor unit (vacant). Spacious upper 3 bed unit features open living/dining room area, eat-in kitchen with pantry, updated bathroom, new paint and in-suite laundry. Lower 2 bedroom unit brand new in 2023 accessible through the separate side entrance currently rented at $2195 with A+ tenants. Unit includes 2 bedrooms, tiled shower in the bathroom, large open concept living/dining/kitchen area, SS appliances, new rads, interconnected fire alarms and large laundry/den area. Rear bachelor unit brand new 2023 with tiled bathroom/shower, in-suite laundry, new appliances, mini split duct for heat/AC. Each unit has it's own hydro panel, in-suite laundry, sound proofing, double wide driveway and double car garage with new doors, new drainage systems and more. Prime location, condition, and opportunity! Contact listing agent for financials.More details
Highly desirable neighborhood with mature trees. Close to schools and shopping. Purpose built triplex, very spacious units, lot's of character and old charm with hardwood floors. Each unit has its own heating control. One shared laundry and one in-suite laundry. Exceptionally well cared for. Detached double car garage with hydro.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
WELCOME TO YOUR NEXT INVESTMENT PROPERTY! All savvy investors, pay attenton. Legal Triplex with 2 units currently rented and a 3rd ready for you to move in or move in your own tenant at current market rent. Location, location, location! Only 240 metres to the Kitchener Market Station for easy LRT access for your tenants but still has parking for 2-3 vehicles. Photos of Unit 3 show the great floor plan of this basement unit, complete with gas fireplace and newly renovated kitchen with vinyl plank flooring. 2 two bedroom units, and 1 one bedroom unit make this very managable for new or seasoned landlords. Shared laundry with a coin dryer for extra income. Book your viewing today!More details
Great development opportunity! Two building lots for sale - 30x120 ft each. Preliminary consent approval for severance into two lots. Building permit approval for 4 units on each lot. This combined opportunity increases the potential to develop a total of eight units. Main building (at front) over 3000 sq ft. Ground floor has 2 bed 2 bath plus full basement for additional 2 bedrooms and 1 bath. Second floor has 3 bed, 2 bath, large living room, full-size kitchen, 9 ft ceilings on each level. Accessory duplex dwelling unit (at back) has 1 bed, 1 bath, plus a secondary suite in the basement, estimated at 400 sq ft/unit. Each unit has a full kitchen and its own laundry. Projected rent for these 4 units is around 10,800/month. Amazing location, easy access to expressway, walking distance to Prueter Public School, Breithaupt Community Centre, parks, hospital, Google building. Call today, start digging tomorrow! WALK THROUGH LOT ONLY WITH AGENT.More details
BRAND NEW PURPOSE BUILT FOUR-PLEX! NO RENT CONTROL HERE! ANOTHER QUALITY NEW VILLA GROUP BUILD! This custom build four unit building offers its new owner years of carefree investing with a great return. You set the rents and pick your own hand picked quality tenants. Designed with the investor in mind this building features no interior hallways to maintain. In suite laundry rooms in all suites. Open concept modern layouts with custom kitchens with quartz counter tops. High quality hard surface flooring throughout. Separate HVAC systems in all units with all separate meters. Full unfinished basement with 2 separate doors gives this property even more additional potential. Great Stanley park neighbourhood close to all amenities. This is a great opportunity for the savy investor looking to add a quality income producing property to their investment portfolio. Full 7 year Tarion warranty!!More details
Listed by RE/MAX REAL ESTATE CENTRE INC. BROKERAGE-3
Vacant main-foor unit for owner-occupiers ~~ This multi-residential property in Victoria Park is an award winner that perfected every detail. With a quiet location on Schneider Avenue, this property impresses from the first glimpse with its beautiful landscaping, soft yellow brick, crushed brick and cobblestone laneway, wrap-around covered porch, mature walnut trees, and backyard coach house. There is so much to appreciate and take in from this Mike Wagner Heritage Award recipient, for commitment to the conservation of the City of Kitchener's cultural heritage resources, that by the time you take your first step inside the front door you know you've found something special. Extensively and carefully renovated and restored('11-12), 27 Schneider took new form under the owner's vision to create three additional quality rental units to complement the owner's main-floor unit. Inside the main unit, sense the owner's passion for period appropriate finishes, quality, and design with an open floorplan that is home to hardwood oak flooring, woodclad architectural windows, crown mouldings and wood milled baseboards, gas fireplace with built-ins, exposed brick wall, in-floor bathroom heating, and much more brought to life by designer Lorelie Ratz. Enjoy the remarkable custom kitchen with JennAir appliances including built-in oven and gas stovetop, Cambria Quartz counters, two-tier cabinets to the ceiling with crown moulding, and extended pantry. It is a real delight! Relax in the primary bedroom with its old-walnut views, exposed-brick and transom window as reminders of the past, walk-in closet, and spa-like ensuite with heated floors, glass shower, rich finishes, and natural light through the private frosted glass windows. Initially built in 1880 and owned by the Joseph Schneider family, the property has been given its renewal. With three additional units that have received careful updating, and tenants that treat it like their own, this property offers great peace of mind.More details
Stable Income & Growth Potential in Kitchener.
Make an offer on this well-priced 5-plex, currently generating $61,000 annually with a solid 5% cap rate, presents a rare opportunity for investors looking for more than just a standard duplex or triplex. Located in a highly sought-after area of Kitchener, this property offers both stable income and the potential for substantial equity growth through strategic upgrades, rental increases, and possibly adding another storey. With convenient access to Hwy 7, Bridgeport Rd, and University Ave, this property ensures easy commutes for tenants, reducing vacancy concerns and enhancing long-term rental demand. The unit mix, featuring two 2-bedroom units and three 1-bedroom units, caters to a variety of tenant profiles, increasing flexibility and occupancy potential. For savvy investors, this property presents an attractive blend of current cash flow and future appreciation, making it a competitive investment with more upside than other multi-unit properties that are currently available. Schedule a tour today and explore the possibilities of turning this 5-plex into a high-performing asset in your portfolio.More details