1 Acres
Fully Air Conditioned
Forced Air
$3,690,000
Kitchener Purpose-Built Rental For Sale or JV! Nearly approved 88-unit (potential 118) project with CMHC MLI Select eligibility. Ideal for market, affordable, senior, or student housing. Estimated $45M build with potential 50-year amortization. Cash/equity as low as ~$2.2M, depending on sponsor net worth and CMHC approval. Site: 0.965 acres, 72,616 SF GFA, 89 parking stalls, 28 bike spaces. Projected $3.15M gross rent, $2.3M NOI, 7% stabilized cap. As-is appraisal $6.8M (July 2024); asking $5M. Prime location near GO, schools, shopping & jobs. Rare chance for secure long-term income. (id:50976)
Property Details
|
MLS® Number
|
X12145095 |
|
Property Type
|
Vacant Land |
Building
|
Cooling Type
|
Fully Air Conditioned |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Size Interior
|
1 Acres |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Size Depth
|
331 Ft ,8 In |
|
Size Frontage
|
127 Ft ,4 In |
|
Size Irregular
|
127.4 X 331.7 Ft |
|
Size Total Text
|
127.4 X 331.7 Ft |
|
Zoning Description
|
R3 |
https://www.realtor.ca/real-estate/28305804/142-146-fergus-avenue-kitchener
