Property Information:

Here is your chance to own a modern, purpose-built fourplex which was constructed only in 2024. This exceptionally built property features two 3-bedroom upper-level units and two 2-bedroom lower-level units, all offering quality finishes and enhanced soundproofing insulation with resilient channel and SonoPan for improved privacy and comfort between units. The property features upgraded kitchen cabinets, countertops and appliances, commercial-grade laminate flooring, commercial steel siding and insulated vertical siding. The rear unit benefits from a covered porch with skylight, while a drainage system around the property provides additional protection and functionality. Each unit is separately metered for utilities, making this an efficient and attractive investment. Excellent tenants are currently in place, providing stable income and peace of mind for the new owner. Residents enjoy a shared common backyard area at the rear. Located in an established family-friendly neighbourhood which is close to amenities, transit, parks, schools and highway access. This is a rare opportunity to acquire a newer, custom built fourplex offering an excellent unit mix, premium construction, upgraded soundproofing, separately metered utilities and strong existing tenancy with an approximate 5.5% cap. (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Basement Development: Finished
Basement Type: Full
Exterior Finish: Aluminum siding, Brick
Floor Space: 4660 sqft
Heating Fuel: Natural gas
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Bedrooms: 10
Bathrooms: 8
Access Type: Highway access
Amenities Nearby: Park, Schools, Shopping
Floor Space (approx): 4660 Square Feet
Lot Depth: 190 Feet
Lot Frontage: 33 Feet
Zoning: RES-4
Sewer: Municipal sewage system
No. of Parking Spaces: 2

Courtesy of: CITIMAX REALTY LTD.

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Demographic Information of 169 FIFTH Avenue, Kitchener, Ontario, N2C 1P6

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$88,743.14

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.81 %

High school certificate or equivalent

33.89 %

Apprenticeship trade certificate/diploma

7.95 %

College/non-university certificate

22.16 %

University certificate (below bachelor)

0.52 %

University Degree

13.69 %

Commuter

Travel To Work

By Car

87.9 %

By Public Transit

6.42 %

By Walking

2.84 %

By Bicycle

0.0 %

By Other Methods

2.84 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

51.25 %

Houses

48.75 %

169 FIFTH Avenue, Kitchener, Ontario, N2C 1P6