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Murat Sahiner, Broker | Home6 Team at RE/MAX Realtron Realty Inc., Brokerage | 88 Konrad Crescent, Markham, ON L3R 8T7

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142-146 Fergus Avenue Kitchener
For SalePrice DropKitchener

142-146 Fergus Avenue Kitchener, Land for Sale

MLS® X12145095

Kitchener, ON

543 days on market
$3,388,888
Previously $3,690,000
Show on Map
Show on Map
N/ABeds
N/ABaths
1Sqft
N/AParking
Land

Overview· 142-146 Fergus Avenue Kitchener

MLS® #X12145095

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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Schools697 schools within 1.5 km · nearest 602 m7 schools within 1.5 km · nearest 602 m
Parks383 parks within 1 km · nearest 558 m3 parks within 1 km · nearest 558 m
Convenience6710 groceries, cafes and pharmacies within 1 km · nearest 320 m10 groceries, cafes and pharmacies within 1 km · nearest 320 m
Safety—Crime data covers Toronto onlyCrime data covers Toronto only

Highlights & Amenities· 142-146 Fergus Avenue Kitchener

Source: MLS® listing data
142-146 Fergus Avenue Kitchener

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

Price & Listing History

Days on Market

Current: 543 days

0306090120+

Rooms

Room information is not available for this listing.

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Nearby Schools

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Schools closest to 142-146 Fergus Avenue Kitchener.

Source: No verified source available.Catchment boundaries and ratings are shown only when available.

No verified nearby school records were found for this property location.

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Mortgage Calculator

Mortgage Summary

Mortgage Payment$13,631/mo
Property Tax$798/mo
Total Monthly$14,428

Monthly Cash Flow (investors)

$
Net Cash FlowN/A

Closing Costs

Estimated closing costs$0
Cash required incl. down payment$0