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$3,690,000
Available - For Sale
Listing ID: X12145095
Kitchener Purpose-Built Rental For Sale or JV! Nearly approved 88-unit (potential 118) project with CMHC MLI Select eligibility. Ideal for market, affordable, senior, or student housing. Estimated $45M build with potential 50-year amortization. Cash/equity as low as ~$2.2M, depending on sponsor net worth and CMHC approval. Site: 0.965 acres, 72,616 SF GFA, 89 parking stalls, 28 bike spaces. Projected $3.15M gross rent, $2.3M NOI, 7% stabilized cap. As-is appraisal $6.8M (July 2024); asking $5M. Prime location near GO, schools, shopping & jobs. Rare chance for secure long-term income.
Price $3,690,000
Taxes: $9,572
Tax Type: Annual
Occupancy by: Tenant
Address: 142-146 Fergus Aven , Kitchener, N2A 2H2, Waterloo
Postal Code: N2A 2H2
Province/State: Waterloo
Legal Description: LT 54 PL 690 KITCHENER; KITCHENER - LT 5
Directions/Cross Streets: Weber Street East and Fergus Avenue
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Designated
Building Percentage: T
Total Area: .96
Total Area Code:  Acres
Maintenance: 0
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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CMHC/GE $ $ $ $
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Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
HOME LEADER REALTY INC.

142-146 Fergus Aven , Kitchener, N2A 2H2, Waterloo


 
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At a Glance:
Type: Com - Land
Area: Waterloo
Municipality: Kitchener
Neighbourhood: Dufferin Grove
Style:
Lot Size: x 331.70(Feet)
Approximate Age:
Tax: $9,572
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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