Be your own landlord - fantastic opportunity whether you are a first time investor looking to occupy your own building and have tenants pay your mortgage or are a seasoned investor. The property consists of a purpose built 6 unit apartment building on a large 0.231 acre lot. Unit breakdown is four (4) 1 bed - 1 bath units and two (2) 2 bed – 1 bath units. Hydro is separately metered (at tenant's expense) with a single water and sewer. The building has been responsibly maintained with a number of recent capital expenditures including full renovation of units 5 (2021) and 4 (2025), new boiler (2022), roof, furnace and pavement in parking lot (2018). The property is located in a very attractive area in terms of investment with a majority of single family detached homes in addition to smaller duplexes and triplexes. The area will appeal to Tenants with easy access to public transportation, schools and various other amenities including a regional shopping mall, the expressway (to 401), a variety of grocery stores, restaurants, drug stores, medical and dental as well as other shopping opportunities. (id:37841)
MLS® Number | 40722097 |
Property Type | Multi-family |
Community Features | High Traffic Area |
Equipment Type | Water Heater |
Features | Laundry- Coin Operated |
Parking Space Total | 8 |
Rental Equipment Type | Water Heater |
Bathroom Total | 6 |
Bedrooms Total | 8 |
Appliances | Water Softener |
Basement Development | Partially Finished |
Basement Type | Full (partially Finished) |
Cooling Type | None |
Exterior Finish | Brick |
Heating Fuel | Natural Gas |
Heating Type | Forced Air, Radiant Heat |
Stories Total | 2 |
Size Interior | 5,325 Ft2 |
Utility Water | Municipal Water |
Access Type | Highway Access |
Acreage | No |
Sewer | Municipal Sewage System |
Size Frontage | 65 Ft |
Size Total Text | Under 1/2 Acre |
Zoning Description | Res 5 |
https://www.realtor.ca/real-estate/28234549/43-6-avenue-kitchener
Contact us for more information
Terry Riddoch
Broker
(519) 741-0950
(519) 741-0957