+35 more
11
Bedrooms
11
Bathrooms
8,736 sqft
Living Area
0 sqft
Lot
1955
Year Built
About This Property
This 11-bedroom, 11-bathroom multi-family in Kitchener offers 8,736 sqft of living area on a 0 sqft lot. Built in 1955, 2 storeys. The property has lot dimensions of 161.7 x 113.2 FT. The home features hot water radiator heat, baseboard heaters, radiant heat, natural gas heating, a finished, full basement. Highlights include a 16-car garage.
MLS Remarks
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:60351)
Inclusions
1 Coin Operated Washer, 1 Coin Operated Dryer, 11 Stoves, 11 Fridges, 1 Water Softener, 1 Hotwater Tank
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