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Kitchener,ON N2H 5A1
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 76,000 sqft
Price per Sqft $111
MLS Listing ID X12334354
Annual Tax Amount $95,805
Tax Year 2024
Property Sub-Type Investment
Property Description
The Royal and Wales Apartments three well-maintained low-rise walk-ups totaling 46 residential units in downtown Kitchener. Renovated in 2015, suites feature modern kitchens, stainless steel appliances, gas fireplaces, and individual thermostats. Excellent tenant mix of 12 bachelors, 23 one-bedrooms, and 11 two-bedrooms. Steps to Victoria Park, Grand River Hospital, Uptown Waterloo, Belmont Village, and the ION LRT. Strong current income with clear rental upside as leases turn over. A turnkey, stabilized investment in a high-demand core location.
Location
State ON
County Waterloo
Area Waterloo
Zoning C5
Interior
Cooling No
Inclusions Hot water tank (owned).All existing fridges, stoves, light fixtures, and window coverings in units; laundry equipment; any fixtures not owned by tenants.
Exterior
Parking Features Outside/Surface
Utilities Available Yes
Building
Lot Description Lot