For Sale

$1,200,000

24 Cait Avenue, Kitchener, ON N2C 1G4

5 Beds

Remarks

Turnkey Investment Opportunity! Well-Maintained 6-Plex Generating Over $83,000 in Annual Rental Income with a 4.4% CAP RATE! This multi-family property features six units, including five spacious 1-bedroom suites and one bachelor unit, offering strong tenant appeal and stable returns. The property provides eight dedicated parking spaces, on-site laundry, and individual storage lockers for tenant convenience. The tenants can enjoy a large, landscaped yard with a patio - ideal for outdoor relaxation and summer barbecues. Located just minutes from Fairview Park Mall, public transit including the ION LRT, and a full range of shops, restaurants, and amenities, this property is perfectly positioned for both tenant satisfaction and long-term value.

Inclusions:

None

Exclusions:

Tenant's Belongingsfridge And Freezer In Unit #1; Freezer In Unit #4; Freezer Chest In Unit #6.

Property Summary

  • Lot Frontage: 76.35 Feet
  • Lot Depth: 132 Feet
  • No. of Parking Spaces: 8
  • Floor Space (approx): 3220 Square Feet
  • Built in: 1963
  • Bedrooms: 5
  • Zoning: RES-5

Property Features:

  • Basement:
    Full , Finished
  • Construction Materials:
    Brick
  • Cooling:
    None
  • Heating:
    Baseboard , Natural Gas , Radiant
  • Interior Features:
    Separate Heating Controls , Separate Hydro Meters , None
  • Acres Range:
    < 0.5
  • Driveway Parking:
    Outside/Surface/Open
  • Laundry Features:
    Coin Operated , Shared
  • Lot Features:
    Rectangular , High Traffic Area , Highway Access , Park , Place of Worship , Public Transit , School Bus Route , Schools , Shopping Nearby
  • Roof:
    Tar/Gravel
  • Sewer:
    Sewer (Municipal)
  • Water Source:
    Municipal
Lifestyle
Neighbourhood Info
Agent

FLAV ONSEN

Sales Representative

Phone: 519.578.7300

Cell: 519.240.9119

Agent

Radu Nicolici

Sales Representative

Phone: 519.578.7300

Cell: 519.897.8855

Home Fax: 519.742.9904

Get More Info