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45 Unit Portfolio

Kitchener-Waterloo, On

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About the portfolio

This exceptional 3-building portfolio comprises 45 residential units, generating a robust Net Operating Income (NOI) of $492,597.84 across 1.383 acres of prime real estate in the Kitchener Waterloo region. This is a rare opportunity to acquire three purpose-built apartment buildings, each situated on generously sized lots with potential for further development or reconfiguration.

A meticulously maintained 18-unit apartment building situated on an expansive
0.635-acre lot, with potential for future development. The unit mix includes:

7 spacious 1-bedroom units
9 modern 2-bedroom units
2 well-designed bachelor units
This oversized lot presents a unique opportunity for additional development, providing significant upside for investors.

Located on a 0.379-acre lot, this purpose-built 16-unit apartment building offers a stable investment in the heart of Waterloo. The unit breakdown is as follows:

15 large 2-bedroom units
1 well-appointed 1-bedroom unit
With its prime location and high tenant demand, this property ensures a consistent income stream.

Situated on a 0.369-acre lot, this 11-unit apartment building is a solid performer in Kitchener's thriving rental market. The unit configuration includes:

6 modern 2-bedroom units
5 comfortable 1-bedroom units
Each building within this portfolio offers generous common areas with the potential to be converted into additional units, creating an opportunity to further enhance cash flow.

Portfolio Investment Highlights

High Yield: Combined NOI of $492,597.84 across all properties
Development Potential: Oversized lots with the possibility for further development or unit expansion
Diverse Unit Mix: Variety of unit sizes catering to a broad tenant base
Strong Market: Located in the high-demand Kitchener-Waterloo area, known for its strong economic fundamentals and rental demand

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Prime Location

Centrally located with easy access to transit, schools, grocery stores, and other amenities.

Expansive Common Areas

Generous laundry and storage spaces with potential for additional units.

Low Vacancy Rates

Situated in Waterloo and Kitchener, areas with vacancy rates as low as 2%, among the lowest in Ontario.

Growing Population

Waterloo Region’s rapidly expanding population secures long-term rental demand.

Newcomer Rental Demand

Waterloo Region is a top choice for new Canadians, increasing rental demand.