183 Ottawa St S - Apartments FOR SALE


Kitchener, ON N2G 3T3
$1,499,000 CAD
519-650-5800
183 Ottawa St S, Kitchener, ON for Sale
$1,499,000 CAD
Apartments - FOR SALE
1/1
null | 4.87% Cap Rate

183 Ottawa St S
Kitchener, ON N2G 3T3


OVERVIEW

Available for sale is a 7 unit rental property with commercial zoning, offering significant growth potential. This property includes an unfinished garage, loft, and accessory unit, along with a clean, dry basement. The total above-grade square footage is 7,075 Sq. Ft. Location: Downtown, with excellent walkability and just 450 meters from the LRT (Light Rail Transit) station. Current Rent Roll: Stable, generating a net operating income (NOI) of $73,000. Expansion Potential: Opportunity to increase the rent roll by finishing the garage, loft and accessory unit. This property represents a solid investment with existing rental income and room for future growth. Don't miss the opportunity to capitalize on a prime downtown location. Be sure to view the iGuide for more details. Contact listing broker for a breakdown of the proforma.

FOR SALE DETAILS

PRICE

$1,499,000 CAD

PRICE/SF

$212 CAD /SF

# OF UNITS

7

PRICE/UNIT

$214,143

CAP RATE

4.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,493 SF

ZONING

CR-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tony JohalRe/Max Inspired Living RealtyMore Info
519-650-5800

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Tony JohalRe/Max Inspired Living RealtyMore Info
519-650-5800

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