$1,299,000

Investment For Sale In Vanier, Kitchener, Ontario

$1,299,000

Property Information:

The property consists of a purpose built 6 unit apartment building on a large 0.231 acre lot. Unit breakdown is four (4) 1 bed - 1 bath units and two (2) 2 bed – 1 bath units. Hydro is separately metered (at tenant's expense) with a single water and sewer. The building has been responsibly maintained with a number of recent capital expenditures including full renovation of unit 5 (2021), new boiler (2022), roof, furnace and pavement in parking lot (2018) and full reno of unit 4 (2025). The property is located in a very attractive area in terms of investment with a majority of single family detached homes in addition to smaller duplexes and triplexes. The area will appeal to Tenants with easy access to public transportation, schools and various other amenities including a regional shopping mall, the expressway (to 401), a variety of grocery stores, restaurants, drug stores, medical and dental as well as other shopping opportunities. (id:27)

Building Features:

  • Style: Multiplex
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Brick
  • Floor Space: 5400 sqft
  • Foundation Type: Poured Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Water softener

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 8
  • Bathrooms: 6
  • Access Type: Highway access
  • Amenities Nearby: Park, Shopping
  • Built in: 1956
  • Features: Paved driveway, Laundry- Coin operated
  • Floor Space (approx): 5400 Square Feet
  • Lot Depth: 162 Feet
  • Lot Frontage: 65 Feet
  • Structure Type: Shed, Porch
  • Zoning: R5
  • Sewer: Municipal sewage system
  • Parking Type: Open
  • No. of Parking Spaces: 8

Courtesy of: RE/MAX REAL ESTATE CENTRE INC.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

  • Brick exterior structure with white trim windows and a covered entrance featuring decorative pillars -
  • Brick exterior with a white entry door, recessed wall panel, and planter box -
  • Red brick exterior with multiple windows, a glass-paneled entrance, and a concrete foundation -
  • Brick wall exterior with white painted lower half -
  • Brick wall detailing with a gray entry door, brass-finish door number, and a secure lockset -
  • Entryway featuring a solid gray door with a metal door closer, light wood-finish flooring, white baseboards, and a bright white wall -
  • Bright living area featuring wood-finish flooring, white walls, and a large window with white curtains -
  • Modern kitchen featuring dark wood-finish cabinetry, stainless steel appliances, white subway tile backsplash, and light wood-finish flooring -
  • Contemporary kitchen featuring dark wood-finish cabinetry, light-toned countertops, subway tile backsplash, and stainless steel appliances including a refrigerator, range, and microwave -
  • Interior room with wood-finish flooring and white baseboards -
  • Bright room featuring wood-finish flooring, white walls, and a window with a baseboard heater below -
  • Bathroom featuring a white bathtub, large format wall tiles with subtle veining, and a dark wood-finish vanity with an integrated rectangular sink -
  • Laundry area featuring white block walls, concrete flooring, exposed utility piping, and a washer and dryer set -
  • Utility space featuring a tank water heater, a tankless water heater, and extensive copper and PVC plumbing -
  • Electrical panels and meters mounted on a wood-paneled wall, featuring exposed conduit and wiring -
  • Mechanical room featuring a water heater, two water filtration tanks, and a forced-air furnace with associated ductwork -
  • Expansive grassy yard featuring a concrete path, a storage shed, and wood fencing -
  • Expansive backyard featuring a lush lawn and a wood privacy fence -
  • Aerial perspective showcasing a residential neighborhood with a mix of single-family homes and multi-story buildings -
  • Central building with a dark shingle roof, surrounded by paved parking areas -
  • Brick multi-unit building featuring a dark shingled roof, a paved parking area, and mature perimeter trees -
  • Expansive backyard featuring a manicured lawn, brick exterior, multiple windows, and a detached garage -
  • Two-story brick exterior building with multiple windows -
  • Floor plan -
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