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$3,388,888
Available - For Sale
Listing ID: 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
Price $3,388,888
Taxes: $9,572
Tax Type: Annual
Occupancy by: Tenant
Address: 142-146 Fergus Avenue , Kitchener, N2A 2H2, Waterloo
Postal Code: N2A 2H2
Province/State: Waterloo
Legal Description: LT 54 PL 690 KITCHENER; KITCHENER - LT 5
Directions/Cross Streets: Weber Street East and Fergus Avenue
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
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Washroom 19 0
Washroom 20 0
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Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
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Washroom 45 0
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Washroom 48 0
Washroom 49 0
Washroom 50 0
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Washroom 53 0
Washroom 54 0
Washroom 55 0
Category: Designated
Building Percentage: T
Total Area: .96
Total Area Code:  Acres
Maintenance: 0
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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Down payment: $  
Interest Rate: %  
Amortization :  Years
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
HOME LEADER REALTY INC.

142-146 Fergus Avenue , Kitchener, N2A 2H2, Waterloo

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Com - Land
Area: Waterloo
Municipality: Kitchener
Neighbourhood: Dufferin Grove
Style:
Lot Size: x 331.70(Feet)
Approximate Age:
Tax: $9,572
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949