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. (id:62499)
| MLS® Number | 40719549 |
| Property Type | Multi-family |
| Amenities Near By | Park, Place Of Worship, Public Transit, Schools, Shopping |
| Community Features | High Traffic Area, School Bus |
| Features | Laundry- Coin Operated |
| Parking Space Total | 8 |
| Bathroom Total | 6 |
| Bedrooms Total | 5 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1963 |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters, Radiant Heat |
| Stories Total | 2 |
| Size Interior | 3,220 Ft2 |
| Utility Water | Municipal Water |
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 132 Ft |
| Size Frontage | 76 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Res-5 |
https://www.realtor.ca/real-estate/28271560/24-cait-avenue-kitchener
Contact us for more information
Flav Onsen
Salesperson
(519) 578-7300
(519) 742-9904
wollerealty.com/
Radu Nicolici
Salesperson
(519) 578-7300
(519) 742-9904
www.wollerealty.com/
www.facebook.com/WolleRealty
twitter.com/WolleRealty
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