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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID X12781782
Annual Tax Amount $25,500
Tax Year 2025
Property Sub-Type Investment
Property Description
Turnkey multi-residential investment in a proven, high-demand rental market. Rockway Gardens Apartments is a well-maintained, solid brick, stick-construction apartment building comprised of 11 spacious one-bedroom units. Family-owned since 2007, the property reflects significant pride of ownership, with extensive major capital improvements completed, including new Weil-McLain boilers (2010), full window replacement (2010-2015), a new roof (2018), water softener system (2021), and newly paved asphalt parking/driveway-minimizing near-term capital risk. All units are separately metered for hydro, offering strong operational efficiency and upside potential. The property is situated on a generous 0.371-acre lot with 16 on-site parking spaces. Located in the desirable Kingsdale neighbourhood of Kitchener, a quiet, mature area with consistent rental demand, close to Rockway Golf Course, Wilson Park, Kingsdale Community Centre, Fairview Mall, public transit, shopping, and schools, with quick access to the Expressway and major highways. An excellent opportunity to acquire a stabilized asset in a supply-constrained rental market with long-term growth potential.
Location
Province ON
County Waterloo
Area Waterloo
Zoning RES-5
Interior
Cooling No
Inclusions 1 Coin Operated Washer, 1 Coin Operated Dryer, 11 Stoves, 11 Fridges, 1 Water Softener, 1 Hotwater Tank
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 161.66
Lot Depth 113.19
Building
Building Age 51-99
Others
ParcelsYN No
Listed by HomeLife Power Realty Inc
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