150-158 Heiman St - Apartments FOR SALE


Kitchener, ON N2M 3L9
$9,000,000 CAD
416-417-9098
150-158 Heiman St, Kitchener, ON for Sale
$9,000,000 CAD
Apartments - FOR SALE
1/1
null | 4.94% Cap Rate

150-158 Heiman St
Kitchener, ON N2M 3L9


OVERVIEW

CONDO TITLED 30+ rental apartments in two buildings on a single site. Wood frame walk ups - mostly larger two bedrooms. Improving Kitchener location and the site is around 0.85 acres. 40% of the suites renovated to good quality and 30% to an average quality. Over 40% upside in rents. Low rate financing in place until 2031.

FOR SALE DETAILS

PRICE

$9,000,000 CAD

PRICE/SF

$279 CAD /SF

# OF UNITS

36

PRICE/UNIT

$250,000

CAP RATE

4.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

-

APN/PARCEL ID

301204001601501

ASK ABOUT THIS PROPERTY

Lorenzo DiGianfeliceCommercial Focus Realty Inc.More Info
416-417-9098

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Lorenzo DiGianfeliceCommercial Focus Realty Inc.More Info
416-417-9098

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.