Property Information:
An exceptional investment asset with high-yielding revenue streams in the heart of Kitchener's thriving tech and innovation hub. Strategically positioned on a massive 0.24-acre lot with EMP-1 Employment Zoning, this highly versatile property features a multi-unit residential building plus a rare, substantial concrete block detached garage compound. The primary building consists of four tenanted one-bedroom units plus an additional bonus studio space offering immense value-add potential, all serviced by robust radiant heating. Completely independent from the residential leases, the four garage bays operate as distinct, cash-flowing storage rental units equipped with their own separate hydro meters. The property also features a massive asphalt driveway accommodating eleven off-street parking spaces. Located just steps from major transit lines, commuter rail links, tech employers, highway access, and downtown amenities, this recession-proof portfolio addition appeals equally to commercial owner-operators, traditional multi-residential investors, and premium value-add buyers looking to secure a dominant footprint in a premier location. (id:7525)
Building Features:
-
Style:
Multiplex
-
Building Type:
Fourplex
-
Basement Development:
Unfinished
-
Basement Type:
Full
-
Floor Space:
2500 - 3000 sqft
-
Foundation Type:
Concrete
-
Heating Type:
Radiant heat
-
Heating Fuel:
Other
-
Cooling Type:
None
