24 CAIT Avenue 327 - Fairview/Kingsdale, Kitchener, Ontario, CA

Address: 24 CAIT Avenue, Kitchener, Ontario

5 Beds6 Baths3220 sqftStatus: Buy
Price $1,200,000

Property Overview


Turnkey Investment Opportunity! Well-Maintained 6-Plex Generating Over $83,000 in Annual Rental Income with a 4.4% CAP RATE! This multi-family property features six units, including five spacious 1-bedroom suites and one bachelor unit, offering strong tenant appeal and stable returns. The property provides eight dedicated parking spaces, on-site laundry, and individual storage lockers for tenant convenience. The tenants can enjoy a large, landscaped yard with a patio - ideal for outdoor relaxation and summer barbecues. Located just minutes from Fairview Park Mall, public transit including the ION LRT, and a full range of shops, restaurants, and amenities, this property is perfectly positioned for both tenant satisfaction and long-term value. (id:51532)

 

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Property Summary
Property Type
Multi-family
Storeys
2
Square Footage
3220 sqft
Subdivision Name
327 - Fairview/Kingsdale
Title
Freehold
Land Size
under 1/2 acre
Built in
1963
Building
Bathrooms
Total
5
Interior Features
Basement Type
Full (Finished)
Building Features
Features
Laundry- Coin operated
Foundation Type
Poured Concrete
Square Footage
3220 sqft
Heating & Cooling
Cooling
None
Heating Type
Baseboard heaters, Radiant heat
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
High Traffic Area, School Bus
Amenities Nearby
Park, Place of Worship, Public Transit, Schools, Shopping
Parking
Total Parking Spaces
8
Land
Other Property Information
Zoning Description
RES-5
Features
           Laundry- Coin operated            None
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Your Home Finance Calculation

Property Price CA $1,200,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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