28 ONTARIO South Street, Kitchener, Ontario N2G1X2

  • $4,000,000
28 ONTARIO South Street, Kitchener, Ontario N2G1X2
For Sale
28 ONTARIO South Street, Kitchener, Ontario N2G1X2
  • $4,000,000

Overview

Property ID: 2278676
  • Multi-family
  • Property Type
  • 1
  • Garage
  • 6000.0

Description

An exceptional opportunity to purchase a recently renovated building – the Condor Suites – in the heart of Downtown Kitchener with nine furnished residential suite apartments with ground floor commercial space currently leased to a successful restaurant – the Grand Trunk Saloon. This unique opportunity would allow the purchaser to select their own tenants or choose to operate the property as a short term to mid term rental property in order to achieve higher returns. There are 8 bachelor suites, and one 1 bedroom. One of the units has a large balcony overlooking Downtown Kitchener. All units have been completely and skillfully renovated from top to bottom – including kitchens, bathrooms, flooring, electrical, windows, heat pumps, and includes furnishings such as kitchenware, bedding, and TVs. Laundry onsite for all residential suites. Access to the building and units is handled wirelessly and has security cameras throughout the common areas. This property is unlike any other in downtown Kitchener and well positioned to be a top performer in your portfolio with additional value add opportunities. The property is featured as part of the DTK Artwalk, with a beautiful large mural created by Chilean artist Alapinta, as a tribute to the Mapuche and Six Nation’s Peoples, the original caretakers of the land. The building has large garage space at the back for potential value add opportunities. (id:56724)

Details

Updated on June 1, 2024 at 5:54 pm
  • Property ID: 2278676
  • Price: $4,000,000
  • Property Size: 6000.0
  • Garage: 1
  • Property Type: Multi-family
  • Property Status: For Sale
  • MLS#: 40573952
  • MLS Status: Active

Additional details

  • Sewer: Municipal sewage system
  • Cooling: Ductless
  • Heating: Heat Pump
  • Stories: 3
  • Basement: Partially finished,Partial
  • Appliances: Microwave,Window Coverings,Microwave Built-in
  • Directions: Ontario St S between King St W and Charles St W.
  • Water Source: Municipal water
  • Parking Total: 1
  • Common Interest: Freehold
  • Parking Features: Attached Garage,None
  • Tax Annual Amount: 17430.06
  • Foundation Details: Block
  • Zoning Description: 29.5
  • Number Of Units Total: 10
  • Address 28-30 ONTARIO Street S
  • City Kitchener
  • Province Ontario
  • Postal Code N2G1X2
  • Area 313 - Downtown Kitchener/W. Ward
  • Country Canada

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