40
See all 40 photos
$2,099,000
Est. payment /mo
8,736 SqFt
Active
15 FLORAL CRESCENT Kitchener, ON N2G3B3
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 8736
Square Footage 8,736 sqft
Price per Sqft $240
MLS® Listing ID X12781782
Property Description
Turnkey multi-residential investment in a proven, high-demand rental market. Rockway Gardens Apartments is a well-maintained, solid brick, stick-construction apartment building comprised of 11 spacious one-bedroom units. Family-owned since 2007, the property reflects significant pride of ownership, with extensive major capital improvements completed, including new Weil-McLain boilers (2010), full window replacement (2010-2015), a new roof (2018), water softener system (2021), and newly paved asphalt parking/driveway-minimizing near-term capital risk. All units are separately metered for hydro, offering strong operational efficiency and upside potential. The property is situated on a generous 0.371-acre lot with 16 on-site parking spaces. Located in the desirable Kingsdale neighbourhood of Kitchener, a quiet, mature area with consistent rental demand, close to Rockway Golf Course, Wilson Park, Kingsdale Community Centre, Fairview Mall, public transit, shopping, and schools, with quick access to the Expressway and major highways. An excellent opportunity to acquire a stabilized asset in a supply-constrained rental market with long-term growth potential. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat, Hot water radiator heat, Baseboard heaters
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 16
Garage No
Private Pool No
Others
Virtual Tour https://youriguide.com/vLRVZFZU6V8DD1/
Listed by HomeLife Power Realty Inc