$641.67 Per Sq Foot $20,668 est/mo Sourced by Back At You

28-30 Ontario Street S,Kitchener, ON N2G 1X2

Kitchener ON, N2G 1X2

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Description

An exceptional opportunity to purchase a recently renovated building - the Condor Suites - in the heart of Downtown Kitchener with nine furnished residential suite apartments with ground floor commercial space currently vacant. This unique opportunity would allow the purchaser to select their own tenants or choose to operate the property as a short term to mid term rental property in order to achieve higher returns. There are 8 bachelor suites, and one 1 bedroom. One of the units has a large balcony overlooking Downtown Kitchener. All units have been completely and skillfully renovated from top to bottom - including kitchens, bathrooms, flooring, electrical, windows, heat pumps, and includes furnishings such as kitchenware, bedding, and TVs. Laundry onsite for all residential suites. Access to the building and units is handled wirelessly and has security cameras throughout the common areas. This property is unlike any other in downtown Kitchener and well positioned to be a top performer in your portfolio with additional value add opportunities. The property is featured as part of the DTK Artwalk, with a beautiful large mural created by Chilean artist Alapinta, as a tribute to the Mapuche and Six Nation’s Peoples, the original caretakers of the land. The building has large garage space at the back for potential value add opportunities.

Details

MLS#40616498
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site12
Listing Provided ByRoyal LePage Wolle Realty | Kyle Church

Features

SQ Feet6,000
BasementY
Story(s)3
ZoningD1
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Learn More About This Property

ProvinceON
RegionWaterloo
CityKitchener
Postal CodeN2G 1X2
Area3 Kitchener West
Subarea313 Downtown Kitchener | West Ward
Community Name313 Downtown Kitchener/West Ward
Listing VS Median (in 313 Downtown Kitchener/West Ward)
Price:
$3,850,000
low | high
Med:
$429,900
100% of Average
SqFt:
6,000
low | high
Med:
650
100% of Average
$ / SqFt:
$642
low | high
Med:
$661
46.927072927073% of Average
On Site:
12
low | high
Med:
8.000000
100% of Average
Sourced by Back At You
Listing Updated: July 5, 2024 at 3:12:09 PM PDT