This exceptionally maintained, purpose-built apartment building on a generous 0.436-acre lot presents a rare investment opportunity. Currently featuring a mix of three 3-bedroom, twelve 2-bedroom, and one 1-bedroom apartments, the property offers significant upside potential. Investors can immediately enhance revenue through strategic measures such as implementing parking surcharges, utility recapture, and rental increases upon turnover. Additionally, an approved building permit allows for the addition of four more units by converting the lower level into eight 1-bedroom units, substantially boosting annual rental income. The property's appeal is further enhanced by the full renovation of six units, featuring upgraded kitchens, bathrooms, flooring, and modern amenities like dishwashers and in-suite laundry. Nestled in a tranquil residential neighborhood, the property offers residents easy access to Kitchener's thriving tech hub, including major employers like Google and Vidyard, as well as public transportation, schools, and various amenities. This is a prime opportunity to acquire a high-quality asset with significant value-add potential in a desirable location. Contact the listing agent today for floor plans and additional details.
