Message Number373665
statusActive
Subject LineKWC - Kitchener - 14 Unit Town House Complex - $2,999,000 - $219,000+ gross annual income, Central Kitchener Location, Condo Approved Site Plan!
Business area
Canada
Ontario
Southwestern Ontario
Kitchener
Location, CityCentral Kitchener
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingFebruary 8 2019
Type DescriptionTownhouse Complex
LocationCentral Kitchener
Price$2,999,000.00
Gross Income219903
Expenses61048
Net Income154457
Cap Rate5.14
Comments$219,000+ Gross Annual Income Available Here! 14 Unit, Newer Stacked Townhouse Development in Investor Sought After Central Kitchener Location. Attractive, Modern Building with nice combination of 11 three bedroom units and 3 one bedroom units. Beautifully landscaping. Built in 2015, everything is new. No deferred maintenance. Each unit features the conveniences and finishes the discerning tenant expects: four appliances - including in suite laundry, Colonial Series doors/trim, dark laminate flooring, contemporary kitchen. Three bedroom units have both a four piece bath as well as a two piece bath. Main and upper units have air conditioning. This combination appeals well to professionals. Note individual electrical and gas meters. Good convenient location with easy proximity to all the amenities your tenants are looking for: the trails/activities at McLennon Park, schools, transit and walking distance to the Big Box stores at Sunrise Centre. Condo-approved site plan may allow for additional future disposition options. Clean opportunity to add to your existing income property portfolio. Investor work sheet available to show how this premium offering can work for you!
Internet Links

Why Invest in Kitchener?



More Investment Properties Here


Client DetailsBuilder/Developer
ControlMLS
NameMike Milovick
TitleBroker
Company NameRoyal LePage Grand Valley Realty Brokerage
Address Line OneUnit 15C, 370 Highland Road West
CityKitchener
State/ProvinceOntario
Zip/Postal CodeN2M 5J9
CountryCanada
Business Phone Number(519)745-7000
Cell Number519745-7000
Home Number519745-7000
FAX Number(519) 745-8460
Email AddressSend Email
Home PageHome Page