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Janice Carter

janice@bhhswest.ca +1(289) 969-1147

Listed by Tony Johal • RE/MAX TWIN CITY REALTY INC. BROKERAGE-2

$ 1,499,000

Est. payment -/mo

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Active Under Contract

183 Ottawa Street S Kitchener, ON N2G 3T3

7 Baths

7,446 SqFt

UPDATED:

12/16/2024 01:59 PM

Key Details

Property Type Multi-Family

Sub Type Multi-6-9 Unit

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 7,446 sqft

Price per Sqft $201

MLS Listing ID 40683779

Abv Grd Liv Area 7,446

Originating Board Waterloo Region

Annual Tax Amount $8,387

Property Description

Prime Investment Opportunity in Downtown Kitchener located along the LRT tracks and just 450 meters from the station, this 7-unit property offers exceptional accessibility and convenience. Spanning 7,447 sq. ft. of above-grade space, it provides a rare opportunity to expand to 9 units plus a garage and full basement, unlocking additional income potential. Currently generating a reliable NOI of $73,000, the property promises substantial growth in a high-demand rental market. Surrounded by many amenities and steps from transit, it's an ideal investment for those seeking to maximize returns or leverage its mixed-use potential. Vendor Take-Back (VTB) Financing is Available.

Location

Province ON

County Waterloo

Area 2 - Kitchener East

Zoning L1

Direction COURTLAND AVE E -> OTTAWA ST S

Rooms

Basement Separate Entrance, Full, Unfinished

Kitchen 0

Interior

Interior Features Accessory Apartment, Separate Heating Controls, Separate Hydro Meters

Heating Electric, Fireplace(s), Natural Gas, Other

Cooling Other

Fireplace Yes

Appliance Dryer, Refrigerator, Stove, Washer

Laundry In-Suite, Other

Exterior

Parking Features Attached Garage, Built-In

Garage Spaces 1.0

Roof Type Asphalt Shing

Handicap Access Multiple Entrances

Lot Frontage 43.0

Lot Depth 100.0

Garage Yes

Building

Lot Description Near Golf Course, Highway Access, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, Schools, Shopping Nearby

Faces COURTLAND AVE E -> OTTAWA ST S

Story 2.5

Foundation Concrete Block

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 225790050

Ownership Freehold/None

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Janice Carter

+1(289) 969-1147

Janice Carter

183 Ottawa Street S Kitchener, ON N2G 3T3

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183 Ottawa Street S