11 Bedroom
11 Bathroom
5,000 - 100,000 ft2
None
$2,099,000
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:50976)
Property Details
|
MLS® Number
|
X12781784 |
|
Property Type
|
Multi-family |
|
Amenities Near By
|
Golf Nearby, Public Transit, Schools |
|
Features
|
Irregular Lot Size |
|
Parking Space Total
|
16 |
Building
|
Bathroom Total
|
11 |
|
Bedrooms Above Ground
|
11 |
|
Bedrooms Total
|
11 |
|
Amenities
|
Separate Heating Controls, Separate Electricity Meters |
|
Appliances
|
Water Softener, Water Meter, Dryer, Stove, Washer, Refrigerator |
|
Basement Development
|
Finished |
|
Basement Type
|
Full (finished) |
|
Cooling Type
|
None |
|
Exterior Finish
|
Brick |
|
Foundation Type
|
Concrete, Poured Concrete |
|
Stories Total
|
2 |
|
Size Interior
|
5,000 - 100,000 Ft2 |
|
Type
|
Other |
|
Utility Water
|
Municipal Water, Lake/river Water Intake |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Golf Nearby, Public Transit, Schools |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
113 Ft ,2 In |
|
Size Frontage
|
161 Ft ,8 In |
|
Size Irregular
|
161.7 X 113.2 Ft |
|
Size Total Text
|
161.7 X 113.2 Ft|under 1/2 Acre |
|
Zoning Description
|
Res-5 |
https://www.realtor.ca/real-estate/29352709/15-floral-crescent-kitchener
