5
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$3,275,000
Est. payment /mo
18,150 SqFt
New
141 Kipling AVE Kitchener, ON N2C 2B8
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 18,150 sqft
Price per Sqft $180
MLS Listing ID X12334225
Annual Tax Amount $34,536
Tax Year 2024
Property Sub-Type Investment
Property Description
Rockway low-rise with stable in-place income and clear mark-to-market upside. 16 suites (102BR, 51BR, 13BR) in a 1980 walk-up, separately metered hydro, gas-furnace common systems, and roof replaced Oct 2023. Several suites have been updated with modern finishes; others remain in clean, rent-ready conditionideal for an investor to capture organic rent growth on turnover without a heavy CapEx program. On-site laundry (2), 16 storage lockers, and 17 surface parking stalls. Family-friendly pocket near parks, schools, Fairway shopping, and transit including Courtland buses & Block Line LRT. R-6 zoning. Strong tenant appeal today with additional upside through suite refreshes as leases roll.
Location
Province ON
County Waterloo
Area Waterloo
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 170.0
Listed by REAL BROKER ONTARIO LTD.
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