Robert Castañeda

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183 OTTAWA Street S, Kitchener, Ontario

$1,499,000

7 Baths
7,447 Square Feet

Prime Investment Opportunity in Downtown Kitchener located along the LRT tracks and just 450 meters from the station, this 7-unit property offers exceptional accessibility and convenience. Spanning 7,447 sq. ft. of above-grade space, it provides a rare opportunity to expand to 9 units plus a garage and full basement, unlocking additional income potential. Currently generating a reliable NOI of $73,000, the property promises substantial growth in a high-demand rental market. Surrounded by many amenities and steps from transit, it’s an ideal investment for those seeking to maximize returns or leverage its mixed-use potential. Vendor Take-Back (VTB) Financing is Available. (id:23309)

Listing ID: 40683779
Property Type: Multi-family

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Details

Amenities Nearby: Golf Nearby, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Community Features: Community Centre
Ownership: Freehold
Parking Spaces: 2
Transaction: For sale
Zoning Description: L1

Building

BasementType: Full (Unfinished)
Basement Development: Unfinished
Exterior Finish: Brick
Fireplace Present: False
Foundation: Block
Bathrooms (Total): 7
Heating: Other
Heating Fuel: Electric, Natural gas
Size Interior: 7446.72 sqft
Stories Total: 2.5
Utility Water: Municipal water

Land

Access Type: Highway access
Amenities: Golf Nearby, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Sewer: Municipal sewage system
Size Frontage: 43 ft

Listing provided by RE/MAX TWIN CITY REALTY INC. BROKERAGE-2
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 183 OTTAWA Street S in Kitchener Ontario. It was last modified on December 6th, 2024. Contact Robert Castañeda to schedule a viewing or to discover other Kitchener real estate for sale.

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