Rare opportunity to acquire an high-performing legal fourplex in the heart of Kitchener on a quiet, tree-lined street. With only one 1-bedroom unit currently available, a new owner has the flexibility to either select their own tenant or move into the unit themselves while benefiting from the income generated by the remaining suites. Located just a 2-minute walk from Google’s Kitchener hub, the property sits in a Walker’s Paradise with a Walk Score of 90+, offering immediate access to the ION LRT, GO Train, restaurants, amenities and major employers throughout Downtown Kitchener and Uptown Waterloo. The building features an excellent unit mix consisting of one 1-bedroom + den, one 2-bedroom + den and two spacious 3-bedroom units. Each unit has its own private entrance, in-suite laundry, individual heating controls and private outdoor space. Abundant on-site parking, with up to two spaces per unit, provides a significant advantage in this central location. Bright, spacious and newly renovated, the property has been well maintained and designed for minimal ongoing maintenance. Its diverse unit mix appeals to everyone from young professionals to families, providing both stable income and long-term flexibility for an investor. Currently generating an NOI of $100,000, this is a rare opportunity to secure an outperforming multi-residential asset in one of Waterloo Region’s strongest technology and employment hubs, with existing income, tenant stability and additional upside. (id:4069)
Address
67 LOUISA Street
List Price
$1,750,000
Property Type
Multi-family
Type of Dwelling
Fourplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Kitchener
Bedrooms
9
Bathrooms
7
Floor Area
4,723 Sq. Ft.
Lot Size
0.149 Sq. Ft.
Frontage Length
64 ft
Year Built
1912
MLS® Number
40861330
Listing Brokerage
RE/MAX Twin City Realty Inc.
Basement Area
Full (Finished)
Postal Code
N2H5L9
Zoning
R2B
Ownership
Freehold
Parking Places (Total)
5
Site Influences
Hospital, Place of Worship, Public Transit, Schools, Shopping
Community Features
School Bus
Heat Source
Natural gas
Heat Type
Baseboard heaters, Radiant heat
Cooling Features
None
Foundation Details
Poured Concrete
Number Of Floors In Building
3
Water Source
Municipal water
Sewer
Municipal sewage system
