RE/MAX TWIN CITY REALTY INC.
Attention all investors! This amazing multi-use property is the perfect addition to your portfolio; with a current cap rate of 5.5% and great development potential! Located right in the heart of downtown Kitchener, just steps away from the courthouse and the entire business core; the potential of this property is only limited by your imagination. This detached century home has a lot of character and was once used as a doctor's office. Currently used as an 8-plex; it has long-term, good tenants on month-to-month leases and an owner-occupied main floor unit which features skylights and some upgrades, and could easily be tenanted. Tenants pay for their own parking, and with 14 parking spaces in total, you can easily generate additional income. The building is zoned CR2; which allows for a variety of commercial and mixed-residential uses. Being sold "as-is"; buyers to do their own due diligence on current and intended uses. (id:5864)
Locations (And Distances/Timing) by Yelp.com