KWC - Kitchener - Multi-Unit High-Rise Apartment Building $7,900,000

[Mike Milovick]

53 Multi-Unit High-Rise Apartment Building. Steel, concrete and brick construction. Central Kitchener location – close to St. Mary’s Hospital, Downtown, Regional Transit Hub, UW Pharmacy School and McMaster Medical School. Nice mixture of two, one and bachelor units. Loaded with upgrades: insulated roof (2016), LED hallway lighting, vestibule intercom system (2017), FOB access (2017). 24/7 video surveillance. Freshly refurbished first floor lobby with gleaming terrazzo floors. 17 units fully renovated between 2015-2017. 3 units with in-suite, stackable washers/dryers. Viessman boilers. Windows replaced in 2003. Elevator upgraded in 2000. New coin operated washers in laundry room. New phone-based intercom. Storage lockers. Lobby, first floor and basement hallways freshly repainted. Site accented by gardens and mature trees. Opportunity abounds! This building is not condo titled and further, immediate upswing is available by increasing rents, through additional unit renovation/ tenant repositioning and submetering. REIT Grade opportunity. First time on MLS. *53rd unit being utilized as tenant lounge.

For details:
http://www.teammilovick.com/listings/listings/on/kitchener/367-highland-road-w?listingId=5815864

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