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$ 2,099,000
Est. payment | /mo
11 Beds
11 Baths
5,000 SqFt
$ 2,099,000
Est. payment | /mo
11 Beds
11 Baths
5,000 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 - 100000
Square Footage 5,000 sqft
Price per Sqft $419
MLS® Listing ID X12781784
Bedrooms 11
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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Cooling None
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 16
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Virtual Tour https://youriguide.com/vLRVZFZU6V8DD1/
Listed by HomeLife Power Realty Inc
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