15 Mowat BLVD , Kitchener ON

Sale $2,170,000.00  | 
Listing # 30649753
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Office Listing:

Mike Milovick, Broker

Mike Milovick

Team Milovick

Phone:  519.745.7000
Fax:  519.745.8460

Royal LePage Grand Valley Realty, Brokerage (Independently owned and operated)

Brokerage

15C, 370 HIGHLAND ROAD WEST
Kitchener,  ON N2M5J9

Remarks:

Rare, 20 Unit Low-Rise Apartment Building. Concrete and brick construction. Central Kitchener location – easy walk to Laurentian Hills Plaza, and big box stores at Laurentian Mall. Quick access to expressway. Building mix of 16 one bedrooms, 3 two bedrooms, 1 bachelor. Loaded with upgrades with recent cap ex including: steel roof (2012), new boiler (2014), balcony sliding doors (2012), back flow prevention (2014), masonry brick work on patios/sidewalk (2015), two washing machines (2015), water heater (2016), new parking lot asphalt (2017), eavestroughs/fascia (2018). Stable building with long term tenants. Building has not had a tenant turnover in over a year. Upswing is available for patient investor by increasing rents to market on re-rental, charging for parking, utilizing attached double car garage for paid storage, submetering and through unit modernization/tenant repositioning. Investor Work Sheet available that shows how this property can work for you! Invest in one of Canada’s perennially best towns to invest in!

Investment

Building Style:
Lot Frontage: 124 Feet
Lot Depth: 192 Feet
No. of Parking Spaces: 26
Floor Space (approx): 15661 Square Feet
Zoning: R6

Property Features:

Features: Paved driveway , Laundry- Coin operated
Lot Size: under 1/2 acre
Title: Freehold
Real Estate Type: Multi-family
Utility Type: Water - Available

Building Features:

Architectural Style: 3 Level
Basement Development: Finished
Basement Type: Full
Cooling: None
Exterior Finish: Aluminum siding , Brick
Fire Protection: Fire alarm system
Foundation: Poured Concrete
Heating Fuel: Natural gas
Heating Type: Radiant heat
Sewer: Municipal sewage system
Water: Municipality water