66 Barbara Crescent Kitchener, Ontario N2M 4N2

$1,299,000

66 Barbara Street is a well-maintained, purpose-built fourplex offering a strong combination of recent capital improvements, updated units, and practical, tenant-friendly features in a central Kitchener location. The building has seen consistent reinvestment over the years, beginning with a roof replacement in 2014, followed by repaving of the driveway and parking area in 2020. In 2021, the common areas were refreshed with newly painted hallways, new steel doors to the common hall, and new exterior doors to each unit, along with an electrical upgrade from fuses to breakers. A new water softener was added in early 2022. From a unit perspective, the property has been comprehensively modernized: Apartment 1 underwent a full renovation in October 2022, including the kitchen and bathroom, new flooring throughout, updated trim and interior doors, modern lighting and outlets, fresh paint, and stainless steel appliances. Apartments 2, 3, and 4 followed with full renovations in spring 2023, completed to a similar standard with fully updated kitchens and baths, new flooring, trim, doors, lighting, paint, and stainless steel appliances. Each apartment benefits from individually controlled heat supplied by a common boiler. Shared amenities include a coin-operated Huebsch washer and dryer, a common outdoor patio area beside the building, and a storage shed at the rear of the property. Overall, 66 Barbara Street presents as a turnkey multi-residential asset with major mechanical, structural, and cosmetic updates largely completed, reducing near-term capital exposure while offering clean, modern units that appeal to today’s rental market. (id:50976)

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https://www.realtor.ca/real-estate/29226015/66-barbara-crescent-kitchener