$3,690,000
Available - For Sale
Listing ID: X12145095
142-146 Fergus Aven , Kitchener, N2A 2H2, Waterloo
| 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 | $3,690,000 |
| Taxes: | $9572.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 142-146 Fergus Aven , 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Designated |
| Building Percentage: | T |
| Total Area: | 0.96 |
| Total Area Code: | Acres |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| HOME LEADER REALTY INC. |
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Kambiz Farsian
Sales Representative
Dir:
416-317-4438
Bus:
905-695-7888
Fax:
905-695-0900
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Land |
| Area: | Waterloo |
| Municipality: | Kitchener |
| Neighbourhood: | Dufferin Grove |
| Tax: | $9,572 |
| Fireplace: | N |
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