Message Number373678
statusActive
Subject LineKWC - Kitchener - Entry Level Apartment Building - $739,000 - Legal Fourplex with Oversized, Divided Garage - Shows Clean with Good Tenants!
Business area
Canada
Ontario
Southwestern Ontario
Location, City109 Bruce Street, Kitchener
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingFebruary 8 2019
Type DescriptionApartment Building
Location109 Bruce Street, Kitchener
Gross Income38544
Expenses12573
Comments$38,500+ Gross Annual Income Available Here! Rare fourplex in desirable Heritage Park/Rosemount! Compelling, clean, entry level apartment building. Strong central Kitchener rental location with easy access to Highway 85/86 and good proximity to Downtown Kitchener's amenities. Well formatted building featuring two 2 bedroom units and two spacious bachelor pads. Note oversized/divided double car garage with large shed. Coin operated laundry brings in additional cash. Updated, 200 amp electrical service. New entrance from basement. Roof (2010). Furnace (2011). Unit 1 has updated laminate flooring, new countertop and has been freshly painted. Unit 2 features newer carpeting with tiled shower stall/tiled bathroom flooring. Unit 3 has new tile throughout hallway, bathroom and kitchen. Unit 4 features a new bathroom (2016). Both Units 3 and 4 are very spacious. Shows clean. Opportunity to significantly increase rents on re-rental. Or generate additional income through parking. Garage is ideal for rental or landlord storage - or both. Ideal for investor looking for foothold in perennially one of the best Town's in Ontario or for smart owner occupier looking for quality of life while offsetting living expenses. Seller may consider second mortgage on this property or on a property existing in Buyer's portfolio.
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Clients ObjectiveRetire/Passive
Client WillTake Back Mortgage
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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