KWC - Kitchener Entry Level Apartment Building - $739,900 - $38,500+ Gross Annual Income Available

Mike Milovick

Inspired Forum Member
REIN Member
Mar 15, 2008
Waterloo, Ontario, Canada
$38,500+ Gross Annual Income Available Here! Rare fourplex in desirable Heritage Park/Rosemount! Compelling, clean, entry level apartment building. Strong central Kitchener rental location with easy access to Highway 85/86 and good proximity to Downtown Kitchener's amenities. Well formatted building featuring two 2 bedroom units and two spacious bachelor pads. Note oversized/divided double car garage with large shed. Coin operated laundry brings in additional cash. Updated, 200 amp electrical service. New entrance from basement. Roof (2010). Furnace (2011). Unit 1 has updated laminate flooring, new countertop and has been freshly painted. Unit 2 features newer carpeting with tiled shower stall/tiled bathroom flooring. Unit 3 has new tile throughout hallway, bathroom and kitchen. Unit 4 features a new bathroom (2016). Both Units 3 and 4 are very spacious. Shows clean. Opportunity to significantly increase rents on re-rental. Or generate additional income through parking. Garage is ideal for rental or landlord storage - or both. Ideal for investor looking for foothold in perennially one of the best Town's in Ontario or for smart owner occupier looking for quality of life while offsetting living expenses.

Income and expense included as an attachment.

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