$4,595,000

Condo For Sale In Vanier, Kitchener, Ontario

$4,595,000
  • 34

    Bedrooms

  • 0

    Baths

  • 17000 sqft

    FLOOR AREA

Property Information:

Well maintained purpose built 18-unit apartment building on a 0.575 acre lot with significant opportunity to increase revenue. Unit break-down is 17 Two Bed / One Bath units and 1 newly constructed (completion September 2024) One bed / One bath unit. 8 of the 18 units are newly renovated including flooring, kitchens, appliances and bathrooms leaving an opportunity for the new owner to reposition the 10 remaining units. Revenue may further be increased by the introduction of parking surcharges on turn-over. The building is located in a very attractive area in terms of investment that will appeal to Tenants with easy access to public transportation, including the Region’s Light Rail Transit (LRT) system, schools, regional shopping mall, the expressway (to 401), and a variety of grocery & drug stores, restaurants, medical and dental offices as well as other shopping opportunities.

Inclusions: None

Exclusions : Tenants' Possessions

Building Features:

  • Floor Space: 17000 Square Feet

Property Features:

  • Bedrooms: 34
  • Acres Range:
  • Basement: None
  • Built in: 1972
  • Construction Materials: Brick Veneer
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 17000 Square Feet
  • Heating: Natural Gas, Radiant
  • Laundry Features: In-Suite, Other
  • Lot Features: Ample Parking, Business Centre, High Traffic Area, Highway Access, Major Anchor, Public Transit, Regional Mall, School Bus Route
  • Lot Frontage: 127.74 Feet
  • Roof: Tar/Gravel
  • Water Source: Municipal
  • Zoning: R7
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 22

Courtesy of: RE/MAX REAL ESTATE CENTRE INC.

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
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