150-158 Heiman St | Kitchener, ON N2M 3L9
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150-158 Heiman St
Kitchener, ON N2M 3L9
Residential Property For Sale · 36 Units
Executive Summary
CONDO TITLED 30+ rental apartments in two buildings on a single site. Wood frame walk ups - mostly larger two bedrooms. Improving Kitchener location and the site is around 0.85 acres. 40% of the suites renovated to good quality and 30% to an average quality. Over 40% upside in rents. Low rate financing in place until 2031.
PROPERTY FACTS
| Price Per Unit | £139,117 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.85 AC |
| Net Initial Yield | 4.94% | Building Size | 32,250 SF |
| No. Units | 36 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.24/1,000 SF |
| Apartment Style | Low Rise |
| Price Per Unit | £139,117 |
| Sale Type | Investment |
| Net Initial Yield | 4.94% |
| No. Units | 36 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.85 AC |
| Building Size | 32,250 SF |
| Number of Floors | 3 |
| Year Built | 1963 |
| Parking Ratio | 1.24/1,000 SF |
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 6 | £1,002 | 696 |
| 2+1 | 30 | £1,113 | 967 |
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