TURNKEY INVESTMENT OPPORTUNITY WITH TENANT IN PLACE! An excellent opportunity for investors looking to add an affordable, low-maintenance property to their portfolio with immediate rental income. This 1-bedroom, 1-bath downtown Kitchener condo is tenanted beginning September 1, 2026, with the purchaser assuming the existing lease and enjoying income from day one. Recent updates include flooring and kitchen cabinetry, while the functional layout offers a bright living area, spacious bedroom, 4-piece bathroom, private balcony, and an owned storage locker for additional convenience. Located in the heart of downtown Kitchener, the property is just steps to the LRT, GO Transit, Kitchener Market, restaurants, cafés, Victoria Park, shopping, and Kitchener's thriving tech corridor. It's also conveniently located near the University of Waterloo Downtown Health Sciences Campus, with direct LRT access to both universities, making this an attractive rental location with broad tenant appeal. The building features secure entry, on-site laundry, a fitness room, and a library/lounge area. Whether you're a seasoned investor or looking to purchase your first investment property, this is an opportunity to acquire an affordable downtown condo with a tenant already in place, eliminating the time and expense of securing one yourself. Some photos have been virtually staged.
| MLS # | X13165276 |
|---|---|
| Listing Type | For Sale |
| Style | 1 Storey/apt |
| HOA Dues | $887 |
| Sub-Type | Resale |
| Status | Sold Conditional |
| Year | 0 |
| Days On Site | 109 |
| Listing Provided By | RE/MAX Solid Gold Realty (II) Ltd | X13165276 549200 |
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 |
| Interior Features | Storage Area Lockers |
|---|---|
| Lease To Own Equipment | None |
| Cooling | Wall Unit(s) |
| Heat Source | Electric |
| Fireplace Yes / No | No |
| Laundry Features | Coin Operated, Common Area, In Building |
| Exterior Features | Controlled Entry |
|---|---|
| Construction Materials | Brick |
| Security Features | Concierge/Security, Smoke Detector |
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 1492 |
|---|---|
| Tax Assessed Value | 110000 |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Kitchener |
| Postal Code | N2G 4L9 |
| Listing VS Median (in N2G 4L9) | |
Price: $165,000 low | high Med: $29 On site: 109 low | high Med: 48 | |
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Kitchener |
| Postal Code | N2G 4L9 |
| Listing VS Median (in N2G 4L9) | |
Price: $165,000 low | high Med: $29 On site: 109 low | high Med: 48 | |