$1,499,000
$1,499,000
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183 Ottawa Street S Kitchener, ON N2G 3T3
7 Baths
7,446 SqFt
Key Details
Sold Price $1,499,000
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 7,446 sqft
Price per Sqft $201
MLS Listing ID 40683779
Annual Tax Amount $8,387
Property Sub-Type Multi-6-9 Unit
Property Description
Prime Investment Opportunity in Downtown Kitchener located along the LRT tracks and just 450 meters from the station, this 7-unit property offers exceptional accessibility and convenience. Spanning 7,447 sq. ft. of above-grade space, it provides a rare opportunity to expand to 9 units plus a garage and full basement, unlocking additional income potential. Currently generating a reliable NOI of $73,000, the property promises substantial growth in a high-demand rental market. Surrounded by many amenities and steps from transit, it's an ideal investment for those seeking to maximize returns or leverage its mixed-use potential. Vendor Take-Back (VTB) Financing is Available.
Location
Province ON
County Waterloo
Area 2 - Kitchener East
Zoning L1
Rooms
Kitchen 0
Interior
Heating Electric, Fireplace(s), Natural Gas, Other
Cooling Other
Laundry In-Suite, Other
Exterior
Parking Features Attached Garage, Built-In
Garage Spaces 1.0
Roof Type Asphalt Shing
Building
Lot Description Near Golf Course, Highway Access, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, Schools, Shopping Nearby
Story 2
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
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