Message Number373666
statusActive
Subject LineKWC - Kitchener - 15 Unit Town House Complex - $2,999,000 - $186,000+ gross annual income, Central Kitchener Location, 1 Block From LRT - 2 Years Old!
Business area
Canada
Ontario
Southwestern Ontario
Kitchener
Location, CityKitchener
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 Income186516
Expenses50537
Net Income132249
Cap Rate4.44%
Comments$186,000+ Gross Annual Income Available Here! 15 Unit, Newer Townhouse Development in Investor Sought After Central Kitchener Location. Attractive, Contemporary Building with Three Different Styles of one bedroom units. Built in 2016, everything is new. No deferred maintenance. Spacious units which range between 580 to 620 square feet. Each unit features the conveniences and finishes the discerning tenant expects: five appliance package (including in suite laundry and dishwasher), laminate and tile throughout - no carpet, soaker tub, central air conditioning and exposed duct work to create a desirable loft/uber feel. Note the lower level units are walk out to grade ? day light basement. This combination appeals to professionals. Individual electrical meters. Gas rough-in at the building. Landlord pays water and house electrical only. This development has a Walk Score of 90 - Walkers Paradise. Walking Distance to Everything your Tenants Need and All of Kitchener's hot spots: short walk to Market Station LRT, Farmer's Market, Victoria Park, Google Canada Headquarters, quick access to future Regional Transit Hub and Communitech. Investor work sheet available!
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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
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