$7,500,000
 $40,262 est/mo Sourced by Back At You

36 Talbot Street , Kitchener, ON N2M 2A9

Kitchener, ON N2M 2A9

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Description

Welcome to a rare purpose-built 36 unit investment opportunity in the heart of Kitchener-Waterloo! This purpose-built, 3-storey, 36-unit building situated on 0.8 acres offers a mix of amenities, excellent location, and potential for significant rental income growth. This solid-built property features 24 one-bed units, 10 two-bed units, and 2 bachelor units, all designed with tenant comfort and convenience in mind. Each above-ground unit boasts a private balcony. The building's infrastructure is rock-solid, with recent updates to all windows and balcony sliders ensuring energy efficiency and aesthetic appeal. The roof, with durable rubber membrane since 2010, provides reliable protection and longevity. Parking is never a concern with 33 open parking spots and 11 garage bays, a rare find in this prime location. The building's secured entry and elevator access add to the safety and convenience for all residents. This opportunity not only offers a stable income with several long-term tenants but also holds immense potential for increased rent as tenants transition. Living in Cherry Hill means being at the heart of it all. Just a short stroll to Highland Road, you'll find a variety of grocery stores, restaurants, and other services that cater to daily needs. Nature enthusiasts will enjoy the proximity to the Filzinger Natural Area, an 8-minute walk that leads to the renowned Victoria Park, offering picturesque pathways and green spaces. Downtown Kitchener, just beyond, is home to the KW tech hub, restaurants/retail options, Kitchener City Hall, train station, and the LRT. Commuters will benefit from the close proximity to the Conestoga Expressway, ensuring efficient travel to Waterloo, Cambridge, and the 401.Families will appreciate the nearby schools/community facilities, making this an ideal location for tenants of all ages. Seize this unique opportunity to expand your real estate portfolio with a prime asset.

Details

MLS#40616077
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1965
Days On Site17
Listing Provided ByKeller Williams Innovation Realty | Kevin Reitzel

Features

Bed(s)46
Bath(s)36
SQ Feet22,464
Garage11
BasementY
Story(s)3
Units36
ZoningRES-6
Acreage0.80
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 CodeN2M 2A9
Area3 Kitchener West
Subarea313 Downtown Kitchener | West Ward
Community Name313 Downtown Kitchener/West Ward
Listing VS Median (in 313 Downtown Kitchener/West Ward)
Price:
$7,500,000
low | high
Med:
$434,450
100% of Average
SqFt:
22,464
low | high
Med:
646
100% of Average
$ / SqFt:
$334
low | high
Med:
$690
56.768396271638% of Average
On Site:
17
low | high
Med:
51.000000
33.333333333333% of Average
Sourced by Back At You
Listing Updated: July 8, 2024 at 4:07:02 PM PDT