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183 Ottawa Street S.

Address: 183 Ottawa St S, Kitchener, ON N2G 3T3, Canada

Canada + Apartment Buildings

Created date: August 14, 2024

Date last updated: October 29, 2024

No parking to maintain
property rents easily. In a great location with my amenities within walking distance
800m to the closest LRT location
New roof

Property Description

For Sale: 7-Unit Mixed-Use Investment Property in Kitchener. This is a legal 6-Plex with 7 Units Finished and the ability to add 2 additional units within the current building envelope. Prime investment opportunity located along the LRT tracks on Ottawa Street, Kitchener. This property is currently generating $73,000 in annual net operating income with significant value-add potential. 7,075 above Grade Square footage. The building includes 900 sq. ft. of loft space, a rentable garage, and an accessory unit adjacent to the garage, all of which present further income opportunities. Note: The net operating income calculation excludes the garage rental, unfinished main floor unit, and attic loft conversion. Key recent upgrades include a new roof and replacement of all windows and doors, excluding the garage door.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$1,550,000
No. of Units:	7
Opportunity Zone:	No
Price per unit:	$221,429
Property Website	Click Here