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Home ON Kitchener - Cambridge - Waterloo Waterloo Region Kitchener Vanier
24 CAIT Avenue
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$1,200,000
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24 CAIT Avenue
Kitchener, Ontario N2C1G4

MLS® Number: 40719549
5
Bedrooms
6
Bathrooms
3220
Square Feet

Listing Description

Turnkey Investment Opportunity! Well-Maintained 6-Plex Generating Over $83,000 in Annual Rental Income with a 4.4% CAP RATE! This multi-family property features six units, including five spacious 1-bedroom suites and one bachelor unit, offering strong tenant appeal and stable returns. The property provides eight dedicated parking spaces, on-site laundry, and individual storage lockers for tenant convenience. The tenants can enjoy a large, landscaped yard with a patio - ideal for outdoor relaxation and summer barbecues. Located just minutes from Fairview Park Mall, public transit including the ION LRT, and a full range of shops, restaurants, and amenities, this property is perfectly positioned for both tenant satisfaction and long-term value. (46384330)

Location Description

Wilson Ave to Woodhaven Rd on Cait Ave

Property Summary

Property Type
Multi-family
Storeys
2
Square Footage
3220 sqft
Subdivision Name
327 - Fairview/Kingsdale
Title
Freehold
Land Size
under 1/2 acre
Built in
1963
Annual Property Taxes
$6,440
Total Parking Spaces
8
Time on REALTOR.ca
290 days

Building

Bathrooms
Total
6
Interior Features
Basement Type
Full (Finished)
Building Features
Features
Laundry- Coin operated
Foundation Type
Poured Concrete
Total Units
6
Heating & Cooling
Cooling
None
Heating Type
Baseboard heaters, Radiant heat, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
High Traffic Area, School Bus
Amenities Nearby
Park, Place of Worship, Public Transit, Schools, Shopping
Parking
Total Parking Spaces
8

Measurements

Square Footage
3220 sqft
Above Grade Finished
3220 sqft
Source: Other

Land

Lot Features
Frontage
76 ft
Land Depth
132 ft
Other Property Information
Access
Highway access
Zoning Description
RES-5
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