43 SIXTH Avenue, Kitchener, Ontario, N2C1P9
$1,500,000 - For sale
Introducing a remarkable 6-Plex in Kitchener! This exceptional investment opportunity is located on a peaceful, tree-lined street. This purpose-built, brick construction 6-plex offers a solid foundation for your real estate portfolio. With its ideal location near Fairview Park Mall, Highway 8, and parks, this property is sure to capture the attention of both tenants and investors alike. This spacious 4,796 sq.ft property is situated on a large lot, providing ample outdoor space. The building features a bachelor unit, two 2-bedroom units, and three 1-bedrooms units, offering a variety of housing options for tenants. Unit 5 has been fully renovated, adding a touch of modern elegance to the property. This tasteful update enhances the unit's appeal and also showcases the potential for further value increasing renovations throughout the building. Each unit is currently rented with separately metered for hydro, presenting immediate income opportunities, and with room to increase rents, this investment has the potential for even greater returns. Several recent updates contribute to the buildings appeal and long-term value. The roof, furnace, and parking lot were all replace in 2018, ensuring peace of mind for years to come. A brand new gas boiler installed in 2022, further enhancing the building's efficiency and reducing maintenance costs. Contact us today to schedule a viewing and take the first step towards seizing this remarkable real estate opportunity! (id:2471)
Location DescriptionFranklin/Kingsway, Sixth Ave
- Property Address:43 SIXTH Avenue, Kitchener, Ontario, N2C1P9
- Property Type:Multi-family
- Acreage:under 1/2 acre
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Access:Highway access
- Building Age:1956
- Floor Space:3558
- Heating Type:Natural gas, Forced air
- Basement Type:Full (Finished)
- Foundation Type:Poured Concrete
- Cooling Type:None
- Appliances Included:Water softener
- Rental Equipment:Water Heater
- Exterior Type:Brick
- Amenities Nearby:Park, Shopping
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- Map 43 SIXTH Avenue, Kitchener, Ontario, N2C1P9
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43 SIXTH Avenue, Kitchener, Ontario, N2C1P9
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