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$ 1,289,000
Est. payment /mo
Price Dropped by $60K
24 CAIT Avenue Kitchener, ON N2C1G4
5 Beds
6 Baths
3,220 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 3,220 sqft
Price per Sqft $400
Subdivision 327 - Fairview/Kingsdale
MLS® Listing ID 40719549
Bedrooms 5
Year Built 1963
Property Sub-Type Freehold
Source Cornerstone - Waterloo Region
Property Description
Turnkey Investment Opportunity! Well-Maintained 6-Plex Generating Over $83,000 in Annual Rental Income with a 4% CAP RATE! This multi-family property features six units, including five spacious 1-bedroom suites and one bachelor unit, offering strong tenant appeal and stable returns. The property provides eight dedicated parking spaces, on-site laundry, and individual storage lockers for tenant convenience. The tenants can enjoy a large, landscaped yard with a patio - ideal for outdoor relaxation and summer barbecues. Located just minutes from Fairview Park Mall, public transit including the ION LRT, and a full range of shops, restaurants, and amenities, this property is perfectly positioned for both tenant satisfaction and long-term value. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Radiant heat,
Cooling None
Exterior
Parking Features No
Community Features High Traffic Area, School Bus
View Y/N No
Total Parking Spaces 8
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://youriguide.com/24_cait_avenue_kitchener_on/
Listed by Royal LePage Wolle Realty