67 Louisa Street,Kitchener, ON N2H5L9
Kitchener, ON N2H5L9
Description
Rare opportunity to acquire an high-performing legal fourplex in the heart of Kitchener on a quiet, tree-lined street. With only one 1-bedroom unit currently available, a new owner has the flexibility to either select their own tenant or move into the unit themselves while benefiting from the income generated by the remaining suites. Located just a 2-minute walk from Google's Kitchener hub, the property sits in a Walker's Paradise with a Walk Score of 90+, offering immediate access to the ION LRT, GO Train, restaurants, amenities and major employers throughout Downtown Kitchener and Uptown Waterloo. The building features an excellent unit mix consisting of one 1-bedroom + den, one 2-bedroom + den and two spacious 3-bedroom units. Each unit has its own private entrance, in-suite laundry, individual heating controls and private outdoor space. Abundant on-site parking, with up to two spaces per unit, provides a significant advantage in this central location. Bright, spacious and newly renovated, the property has been well maintained and designed for minimal ongoing maintenance. Its diverse unit mix appeals to everyone from young professionals to families, providing both stable income and long-term flexibility for an investor. Currently generating an NOI of $100,000, this is a rare opportunity to secure an outperforming multi-residential asset in one of Waterloo Region's strongest technology and employment hubs, with existing income, tenant stability and additional upside. (id:13843)
Details
| MLS # | 40870189 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1912 |
| Days On Site | 11 |
| Listing Provided By | RE/MAX Twin City Realty Inc. | DAVID SCHOOLEY |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 4,723 |
| Basement | Y |
| Story(s) | 3 |
| Units | 4 |
| Zoning | R2B |
| Acreage | 0.15 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard heaters, Radiant heat, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Poured Concrete |
|---|
Parking
| Parking Total | 5 |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 7578 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Kitchener |
| Postal Code | N2H5L9 |
| Community Name | 313 Downtown Kitchener/W. Ward |
| Listing VS Median (in 313 Downtown Kitchener/W. Ward) | |
Price: $1,749,000 low | high Med: $2,075 sqft: 4,723 low | high Med: 900 $ / sqft: $370 low | high Med: $2 On site: 11 low | high Med: 15.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Kitchener |
| Postal Code | N2H5L9 |
| Community Name | 313 Downtown Kitchener/W. Ward |
| Listing VS Median (in 313 Downtown Kitchener/W. Ward) | |
Price: $1,749,000 low | high Med: $2,075 sqft: 4,723 low | high Med: 900 $ / sqft: $370 low | high Med: $2 On site: 11 low | high Med: 15.5 | |
 | $1,749,00067 Louisa StreetKitchener, ON N2H5L9 |