43 Sixth Ave

Kitchener, ON, N2C 1P9 (MLS #40624928)
For Sale
$1,399,000

About the property

Welcome to an exceptional investment opportunity in a prime neighborhood! This purpose-built 6-unit apartment building sits on a spacious 0.231-acre lot and offers a diverse unit mix: three 1-bedroom, 1-bathroom units, two 2-bedroom, 1-bathroom units, and one bachelor unit. Each unit has separately metered hydro, with tenants covering their own utility costs.

The building has been well-maintained with recent upgrades, including a full renovation of Unit 5 in 2021, a new boiler in 2022, and updates to the roof, furnace, and parking lot pavement in 2018. Located in an attractive investment area, the property is surrounded by single-family homes, duplexes, and triplexes, and provides easy access to public transportation, schools, and numerous amenities.


Nearby amenities include a regional shopping mall, expressway access (to 401), multiple grocery stores, restaurants, drug stores, and medical and dental facilities. This property is an ideal opportunity for investors seeking a well-maintained, income-generating asset.

For Sale
$1,399,000
Desirable Location
Located in a sought-after neighborhood with easy access to public transportation, schools, shopping malls, expressway (to 401), grocery stores, restaurants, and medical facilities.
Unit Composition
The building consists of six units: three (3) 1 bed - 1 bath units, two (2) 2 bed - 1 bath units, and one (1) bachelor unit, catering to a variety of tenant needs.
Recent Upgrades
Significant recent improvements include the full renovation of unit 5 (2021), new boiler (2022), and updates to the roof, furnace, and parking lot pavement (2018).
Revenue Potential
Hydro is separately metered and paid by tenants, with potential to increase revenue on tenant turnover and through the introduction of parking charges.
Turn-Key Investment
The property is a turn-key rental with no foreseeable capital expenditures in the short to mid-term, ensuring a hassle-free investment for buyers.

Take a tour

43 Sixth Avenue, Kitchener

Terry Riddoch
Agent
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