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Doug Folsetter

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

$3,350,000

Est. payment - /mo

4 Beds

3 Baths

15,200 SqFt

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 15,200 sqft

Price per Sqft $220

MLS Listing ID 40809115

Bedrooms 4

Abv Grd Liv Area 15,200

Annual Tax Amount $36,526

Lot Size 0.477 Acres

Acres 0.477

Property Sub-Type Apartment

Source Cornerstone

Property Description

Excellent opportunity for multi-family investors to acquire a 15-suite apartment building with strong valued-add potential. The property includes 1 bachelor suites, 1 one-bedroom suite, and 13 predominantly 2-bedroom suites, with approximately half recently renovated, appealing to a broad tenant base and supporting strong cash flow. Ideally located directly off Highway 8 and just minutes from the 401, with access from two streets and ample parking, the building offers exceptional convenience and exposure near local amenities. With rents currently below market, there is significant upside through strategic renovations and tenant turnover, making this a rare opportunity to secure a stable, income-producing asset with long-term growth potential.

Location

Province ON

County Waterloo

Area 2 - Kitchener East

Zoning RES-5

Direction Kraft Ave & Falesy Ave

Rooms

Basement Partial, Finished

Kitchen 0

Interior

Interior Features Built-In Appliances

Heating Natural Gas, Other

Cooling None

Fireplace No

Laundry Common Area

Exterior

Parking Features Detached Garage

Roof Type Flat

Lot Frontage 102.0

Garage No

Building

Lot Description Ample Parking, High Traffic Area, Public Transit

Faces Kraft Ave & Falesy Ave

Story 2

Foundation Brick/Mortar, Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Block

New Construction No

Others

Senior Community false

Tax ID 225630043

Ownership Freehold/None

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Listed by COLLIERS

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Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

115 Kraft AVE Kitchener, ON N2A 2J2

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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115 Kraft AVE