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183 Ottawa St S

7 Unit Block of Flats £829,899 (£118,557/Unit) 4.87% Net Initial Yield Kitchener, ON N2G 3T3

Block of Flats Ontario Kitchener 183 Ottawa St S, Kitchener, ON N2G 3T3

Executive Summary

Available for sale is a 7 unit rental property with commercial zoning, offering significant growth potential. This property includes an unfinished garage, loft, and accessory unit, along with a clean, dry basement. The total above-grade square footage is 7,075 Sq. Ft. Location: Downtown, with excellent walkability and just 450 meters from the LRT (Light Rail Transit) station. Current Rent Roll: Stable, generating a net operating income (NOI) of $73,000. Expansion Potential: Opportunity to increase the rent roll by finishing the garage, loft and accessory unit. This property represents a solid investment with existing rental income and room for future growth. Don't miss the opportunity to capitalize on a prime downtown location. Be sure to view the iGuide for more details. Contact listing broker for a breakdown of the proforma.

Property Facts

Price £829,899 Apartment Style Low Rise
Price Per Unit £118,557 Building Class C
Sale Type Investment Lot Size 0.17 AC
Net Initial Yield 4.87% Building Size 7,077 SF
No. Units 7 Number of Floors 2
Property Type Residential Year Built 1980
Property Subtype Apartment Parking Ratio 0.85/1,000 SF
Price £829,899
Price Per Unit £118,557
Sale Type Investment
Net Initial Yield 4.87%
No. Units 7
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.17 AC
Building Size 7,077 SF
Number of Floors 2
Year Built 1980
Parking Ratio 0.85/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Tub/Shower
1 of 1
Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code CR-1 (Commercial-Residential)
CR-1 (Commercial-Residential)
(519) 650-5800

Contact

  • Tony Johal
    Tony Johal
  • Re/Max Inspired Living Realty

  • Listing ID: 32614247

  • Date on Market: 29/07/2024

  • Last Updated:

  • Address: 183 Ottawa St S, Kitchener, ON N2G 3T3

The Residential Property at 183 Ottawa St S, Kitchener, ON N2G 3T3 is currently available for sale. Contact Re/Max Inspired Living Realty for more information.

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183 Ottawa St S, Kitchener, ON for sale Building Photo- Image 1 of 2
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183 Ottawa St S
(519) 650-5800 x

183 Ottawa St S

Tony Johal

(519) 650-5800

(519) 650-5800

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