28 Ontario Street South Kitchener, ON N2G 1X2
Listing Courtesy of:  CREA / Royal Lepage Wolle Realty

  28 Ontario Street South Kitchener, ON N2G 1X2

Active (17 Days)

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. (id:41440)

MLS®:
40616482
Type
Multifamily
County
Waterloo Regional Municipality

Listed By

Kyle Church, Royal Lepage Wolle Realty
Source
CREA
Last checked Jul 22 2024 at 4:36 PM GMT+0000
Bathroom Details
Interior Features
  • Microwave Built-In
  • Window Coverings
  • Microwave
Subdivision
  • 313 - Downtown Kitchener/W. Ward
Property Features
  • Foundation: Block
Heating and Cooling
  • Heat Pump
  • Ductless
Basement Information
  • Partial
  • Partially Finished
Exterior Features
  • Aluminum Siding
  • Brick
Utility Information
  • Sewer: Municipal Sewage System
Parking
  • Total: 1
  • None
  • Attached Garage
Stories
  • 3
Location
   
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Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 7/22/24 09:36