28-30 Ontario Street S Kitchener, ON N2G 1X2
Listing Courtesy of: ITSO / Royal Lepage Wolle Realty

  28-30 Ontario Street S Kitchener, ON N2G 1X2

Active (14 Days)
$3,850,000

Description

An exceptional opportunity to purchase a recently renovated building - the Condor Suites - in the heart of Downtown Kitchener with nine furnished residential suite apartments with ground floor commercial space currently vacant and available for lease or for the purchasers own use. This unique opportunity would allow the purchaser to select their own tenants or choose to operate the property as a short term to mid term rental property in order to achieve higher returns. There are 8 bachelor suites, and one 1 bedroom. One of the units has a large balcony overlooking Downtown Kitchener. All units have been completely and skillfully renovated from top to bottom - including kitchens, bathrooms, flooring, electrical, windows, heat pumps, and includes furnishings such as kitchenware, bedding, and TVs. Laundry onsite for all residential suites. Access to the building and units is handled wirelessly and has security cameras throughout the common areas. This property is unlike any other in downtown Kitchener and well positioned to be a top performer in your portfolio with additional value add opportunities. The property is featured as part of the DTK Artwalk, with a beautiful large mural created by Chilean artist Alapinta, as a tribute to the Mapuche and Six Nation’s Peoples, the original caretakers of the land. The building has large garage space at the back for potential value add opportunities.

MLS®:
40616482
Taxes
$17,430
Type
Multifamily
County
Waterloo Regional Municipality

Listed By

Kyle Church, Royal Lepage Wolle Realty
Source
ITSO
Last checked Jul 19 2024 at 2:56 PM GMT+0000
Bathroom Details
Interior Features
  • Windows: Window Coverings
  • Microwave
  • Built-In Microwave
  • Laundry: Shared
  • Laundry: Common Area
  • Separate Hydro Meters
  • Separate Heating Controls
Lot Information
  • Shopping Nearby
  • Public Transit
  • Public Parking
  • Park
Property Features
  • Foundation: Concrete Block
Heating and Cooling
  • Heat Pump
  • Energy Efficient
  • Ductless
Basement Information
  • Partially Finished
  • Partial
Exterior Features
  • Roof: Membrane
  • Roof: Flat
Utility Information
  • Sewer: Sewer (Municipal)
Garage
  • Attached Garage
Parking
  • Total: 1
  • Attached Garage
Stories
  • 3
Living Area
  • 6,000 sqft
Location
   
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Disclaimer: Listing content protected by copyright and licensed by Information Technology Systems Ontario: Data last updated: 7/19/24 07:56