115 Kraft Avenue, Kitchener, On Ave N - Apartments FOR SALE


Kitchener, ON N2A 2J2- Kitchener North-East
$3,350,000 CAD
519-831-4916
115 Kraft Avenue, Kitchener, On Ave N, Kitchener, ON for Sale
$3,350,000 CAD
Apartments - FOR SALE
1/13
null | Request Cap Rate

115 Kraft Avenue, Kitchener, On Ave N
Kitchener, ON N2A 2J2
Kitchener North-East


HIGHLIGHTS

  • VTB Available: Vendor is willing to do a 2-Year VTB up to 75% LTV, subject to mutually agreeable terms
  • One Bachelor, One 1-Bedroom, and Thirteen 2-Bedroom Suites
  • Strong rental upside, with current average rents approximately $449 below market levels

OVERVIEW

Excellent opportunity for multi-family investors to acquire a 15-suite apartment building with strong value-add potential. The property includes 1 bachelor suite, 1 one-bedroom suite, and 13 predominantly two-bedroom suites, with approximately half recently renovated, appealing to a broad tenant base and supporting strong cash flow. Ideally located directly off Highway 8 and just minutes from the 401, with access from two streets and ample parking, the building offers exceptional convenience and exposure near local amenities. With rents currently below market, there is significant upside through strategic renovations and tenant turnover, making this a rare opportunity to secure a stable, income-producing asset with long-term growth potential.

FOR SALE DETAILS

PRICE

$3,350,000 CAD

PRICE/SF

$220 CAD /SF

# OF UNITS

15

PRICE/UNIT

$223,333

CAP RATE

Request Cap Rate

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,778 SF

ZONING

RES-5

APN/PARCEL ID

301203002125200

ASK ABOUT THIS PROPERTY

Ethan TyoColliersMore Info
519-831-4916

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Ethan TyoColliersMore Info
519-831-4916

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