345 Louisa Street – Prime Investment Opportunity in the Heart of Kitchener!
First time offered in nearly 20 years, this solid brick sixplex is a rare find, featuring five spacious 1-bedroom units and one 3-bedroom unit, all situated on a large 62’ x 165’ lot with parking for 8 vehicles—a true gem for savvy investors or owner-occupiers. 4619 sq ft of living space ! (3445.76 sq ft above grade, 1173 sq ft below grade).
Boasting a gross annual income of over $100,000, this is a low-maintenance, high-yield property with serious upside potential. Whether you're looking to expand your portfolio or break into the market with a smart house-hack, 345 Louisa Street checks all the boxes. NOI is over $70,000.
Key Features: New asphalt driveway paved in 2023, 1 updated/ vacant unit (#5), no rental items—all major systems owned
One vacant unit—move in and let your tenants pay the mortgage! Zoning and lot size may allow for future development or additional units.
Perfectly located just:4 minutes to the University of Waterloo School of Pharmacy, 14-minute walk to the Kitchener GO Station, ION Light Rail, and downtown Kitchener
This is your chance to own a solid, income-generating property in a rapidly growing area. With proximity to major transit, schools, and downtown amenities, 345 Louisa Street offers both immediate returns and long-term appreciation.
Don’t miss this rare opportunity!
Property Type:
Residential Income
Property SubType:
Multi-6-9 Unit
Year built:
1947
(Age: 78)
Listing General Location:
212 - Downtown Kitchener/East Ward, 2 - Kitchener East
Bedrooms:
8
Bathrooms:
7.0
(Full:-/Half:-)
Lot Details:
62.1 x 165.19
Lot Depth:
165'2"50.3 m
Lot Frontage:
62'1¼"18.9 m
Lot Shape:
62.1 x 165.19 x 62.23 x 165.1
Kitchens:
0
County Or Parish:
Waterloo
Features:
Crops Included: No, Garage: No, Inspection ESA: No, Inspection Fire: Yes, New Construction: No
Construction:
Brick
Basement:
Full, Finished
Roof:
Asphalt Shing
Year Roof Replaced:
2013
Number of Storeys:
3
Number of Buildings:
0
Total Floor Area:
4,618 sq. ft.429 m2
Finished Area Above Grade:
3,445 sq. ft.320 m2
Finished Area Below Grade:
1,173 sq. ft.109 m2
Fireplace:
false
Laundry Features:
Coin Operated
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
None
Heating:
Natural Gas, Radiator
Age Tank:
2017
Hot Water Tank Owned,Smoke Detector,All Existing Appliances (6 Fridges, 6 Stoves), Coin Operated Washer, Coin Operated Dryer
Hot Water Tank Owned, Dryer, Refrigerator, Stove, Washer
Separate Hydro Meters
false
No
Turn right on to Louisa Street from Margaret Street
No
Smoke Detector
HST Applicable To Sale Price:
Included
Features:
Crops Included: No, Garage: No, Inspection ESA: No, Inspection Fire: Yes, New Construction: No
Electric Expense:
$1,495.93
Insurance Expense:
$2,512.88
Expenses:
Actual
Heating Expense:
$6,980.65
Laundry Income:
$1,440
Net Income:
$70,642.07
Leases:
Yes
Zoning:
R3
Lot Site Features:
City Lot, Highway Access, Public Transit, Schools
Features:
Crops Included: No, Garage: No, Inspection ESA: No, Inspection Fire: Yes, New Construction: No
Listed by Royal LePage Wolle Realty and Royal LePage- Johnston & Daniel Division
Data was last updated October 2, 2025 at 07:50 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$949,900
Min list price:
$599,000
Max list price:
$13,500,000
Avg days on market:
30
Min days on market:
3
Max days on market:
72
Avg price per sq.ft.:
$324.6
These statistics are generated based on the current listing's property type
and located in
212 - Downtown Kitchener/East Ward. Average values are
derived using median calculations. This data is not produced by the MLS® system.