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MLS® X12145095
Kitchener, ON
Kitchener Purpose-Built Rental For Sale or JV! Nearly approved 88-unit (potential 118) project with CMHC MLI Select eligibility. Ideal for market, affordable, senior, or student housing. Estimated $45M build with potential 50-year amortization. Cash/equity as low as ~$2.2M, depending on sponsor net worth and CMHC approval. Site: 0.965 acres, 72,616 SF GFA, 89 parking stalls, 28 bike spaces. Projected $3.15M gross rent, $2.3M NOI, 7% stabilized cap. As-is appraisal $6.8M (July 2024); asking $5M. Prime location near GO, schools, shopping & jobs. Rare chance for secure long-term income
Broker
HOME LEADER REALTY INC.
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Land
142-146 Fergus Avenue Kitchener
Kitchener
Type
Land
Parking
In/Out
Property Tax
~$9,572/yr
Heating
Gas Forced Air Closed
Buying Essentials
Square Feet
1 sqft
Parking
In/Out
Finances
List Price
$3,388,888
Price per SQFT
$3,388,888/sqft
Property Tax
~$9,572/yr
Property Specs
Property Type
Land
MLS Size
1 sqft
Living & Amenities
Heating Type
Gas Forced Air Closed
Policies & Utilities
Neighbourhood
Kitchener
Listed On
May 13, 2025
Days on Market
Current: 543 days
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