Prime Investment Opportunity in Downtown Kitchener located along the LRT tracks and just 450 meters from the station, this 7-unit property offers exceptional accessibility and convenience. Spanning 7,447 sq. ft. of above-grade space, it provides a rare opportunity to expand to 9 units plus a garage and full basement, unlocking additional income potential. Currently generating a reliable NOI of $73,000, the property promises substantial growth in a high-demand rental market. Surrounded by many amenities and steps from transit, it’s an ideal investment for those seeking to maximize returns or leverage its mixed-use potential. Vendor Take-Back (VTB) Financing is Available. (id:47423)
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Detailed Information
Lot
43 x 100 ft
Amenities Nearby
Public Transit, Schools
Listing Contract Date
2024-12-06
Location Description
COURTLAND AVE E -> OTTAWA ST S
Ownership Type
Freehold
# of Parking Spaces
2
Property Type
Office
Transaction Type
For sale
Zoning Description
L1
Building
Basement Type
Full
Exterior Finish
Brick
Foundation Type
Block
Stories Total
2.5
Size (Exterior)
7446.72
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Attached Garage
Land
Total Size
under 1/2 acre
Access Type
Highway access
Amenities
Public Transit, Schools
Sewer
Municipal sewage system
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