Homes for sale - 36 Talbot Street, Kitchener, ON N2M 2A9

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Doug Folsetter

doug@folsetter.com +1(905) 515-5494

Listed by Kevin Reitzel • Keller Williams Innovation Realty

$7,100,000

Est. payment - /mo

46 Beds

36 Baths

22,464 SqFt

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UPDATED:

11/22/2024 06:03 AM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 22,464 sqft

Price per Sqft $316

MLS Listing ID 40680074

Bedrooms 46

Abv Grd Liv Area 29,952

Originating Board Waterloo Region

Year Built 1965

Annual Tax Amount $68,274

Lot Size 0.800 Acres

Acres 0.8

Property Description

Welcome to a rare purpose-built 36 unit investment opportunity in the heart of Kitchener-Waterloo! This purpose-built, 3-storey, 36-unit building situated on 0.8 acres offers a mix of amenities, excellent location, and potential for significant rental income growth. This solid-built property features 24 one-bed units, 10 two-bed units, and 2 bachelor units, all designed with tenant comfort and convenience in mind. Each above-ground unit boasts a private balcony. The building's infrastructure is rock-solid, with recent updates to all windows and balcony sliders ensuring energy efficiency and aesthetic appeal. The roof, with durable rubber membrane since 2010, provides reliable protection and longevity. Parking is never a concern with 33 open parking spots and 11 garage bays, a rare find in this prime location. The building's secured entry and elevator access add to the safety and convenience for all residents. This opportunity not only offers a stable income with several long-term tenants but also holds immense potential for increased rent as tenants transition. Living in Cherry Hill means being at the heart of it all. Just a short stroll to Highland Road, you'll find a variety of grocery stores, restaurants, and other services that cater to daily needs. Nature enthusiasts will enjoy the proximity to the Filzinger Natural Area, an 8-minute walk that leads to the renowned Victoria Park, offering picturesque pathways and green spaces. Downtown Kitchener, just beyond, is home to the KW tech hub, restaurants/retail options, Kitchener City Hall, train station, and the LRT. Commuters will benefit from the close proximity to the Conestoga Expressway, ensuring efficient travel to Waterloo, Cambridge, and the 401.Families will appreciate the nearby schools/community facilities, making this an ideal location for tenants of all ages. Seize this unique opportunity to expand your real estate portfolio with a prime asset.

Location

Province ON

County Waterloo

Area 3 - Kitchener West

Zoning RES-6

Direction Talbot St between Belmont Ave and Patricia Ave

Rooms

Basement Full, Finished

Kitchen 0

Interior

Interior Features Other

Heating Natural Gas, Radiant

Cooling None

Fireplace No

Appliance Refrigerator, Stove

Laundry Common Area

Exterior

Garage Attached Garage

Garage Spaces 11.0

Waterfront No

Roof Type Membrane

Lot Frontage 120.06

Lot Depth 270.46

Garage Yes

Building

Lot Description Irregular Lot, Open Spaces, Park, Playground Nearby, Public Transit, Quiet Area, Rec./Community Centre, Schools, Shopping Nearby

Faces Talbot St between Belmont Ave and Patricia Ave

Story 3

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick Veneer

New Construction No

Others

Senior Community No

Tax ID 224410060

Ownership Freehold/None

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Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

36 Talbot Street Kitchener, ON N2M 2A9

Doug Folsetter

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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36 Talbot Street