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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

$ 2,099,000

Est. payment | -/mo

11 Beds

11 Baths

Save

$ 2,099,000

Est. payment | -/mo

Save

11 Beds

11 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active Under Contract

Purchase Type For Sale

Approx. Sqft 5000 +

MLS Listing ID X12781784

Style 2-Storey

Bedrooms 11

Annual Tax Amount $25,500

Tax Year 2025

Property Sub-Type Multiplex

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

Rooms

Family Room No

Basement Full, Finished

Kitchen 11

Interior

Interior Features Separate Heating Controls, Separate Hydro Meter, Water Softener

Cooling None

Inclusions 1 Coin Operated Washer, 1 Coin Operated Dryer, 11 Stoves, 11 Fridges, 1 Water Softener, 1 Hotwater Tank

Exterior

Parking Features Available

Pool None

Roof Type Shingles

Lot Frontage 161.66

Lot Depth 113.19

Total Parking Spaces 16

Building

Foundation Concrete, Poured Concrete

Others

Senior Community No

ParcelsYN No

Listed by HomeLife Power Realty Inc

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15 Floral CRES Kitchener, ON N2G 3B3