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$3,850,000
Est. payment /mo
6,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $641
Subdivision 313 - Downtown Kitchener/W. Ward
MLS® Listing ID 40663085
Originating Board Cornerstone - Waterloo Region
Property 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:24570)
Location
Province ON
Interior
Heating Heat Pump
Cooling Ductless
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 1
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by Royal LePage Wolle Realty