87 Kenwood Dr
Kitchener, N2B3H3
For Sale
$5,900,000
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Apartment
CATEGORY26,867 Sq Ft
TOTAL AREAX8075256
MLSIDContact Us
Property Description
Exceptional Investment opportunity- Impeccable 24-suite Apartment building in a safe and quiet Kitchener neighborhood. Close to Stanley Park, schools, shopping, and transit. A perfect suite mix of 6 extra large 2-bedroom suites, 16 large corner 2-bedroom suites, and 2 1-bedroom suites. A bright and clean laundry room. A small office, a ground floor walk-out workshop, a well-stocked supply room, and an on-site full-service superintendent since 2011. Recent improvements include a new roof, a newer furnace, newer windows, and new sliding glass balcony doors. Below market rents. Great upside potential.
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Property Details
Category
Apartment
Usage
Apts-Over 20 Units
Zoning
R2
Total Area
26,867 Sq Ft
Lot Size
70' x 161'
Taxes
$52,482 (2023)
Parking Spaces
26
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Listing contracted with Century 21 Heritage Group Ltd.
Similar Listings
Solid Investment: 212 Belmont Ave W & 75 Metzloff Dr, Kitchener totalling 14 Units. This building features 12 x 2 Bed and 2 x 1-bed units. Capital improvements include a new roof (2019), new balconies (2023), fresh asphalt parking (2023), updated hallways (2023), hot water tank (2021), and boiler (2022). It offers 22 parking spots and 4 building entrances, with dual entrances for two-bed units. Located with a bus stop right out front and across the street from grocery and amenities. A short 10 min walk to St. Mary's Hospital. Basement houses laundry and storage lockers. VTB available for qualified buyers at attractive rates.
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