87 Kenwood Drive, Kitchener | Image 1

87 Kenwood Drive

Kitchener

  • Commercial

$5,900,000
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-Over 20 Units

  • Zoning: R2

  • Age: No Data

  • Taxes: 52481.57

  • MLS®#: X8075256

  • Days on Site: 50 Days

  • Added: Feb 16, 2024 (2 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: CENTURY 21 HERITAGE GROUP LTD.

Exceptional Investment opportunity- Impeccable 24-suite Apartment building in a safe and quiet Kitchener neighborhood. Close to Stanley Park, schools, shopping, and transit. A perfect suite mix of 6 extra large 2-bedroom suites, 16 large corner 2-bedroom suites, and 2 1-bedroom suites. A bright and clean laundry room. A small office, a ground floor walk-out workshop, a well-stocked supply room, and an on-site full-service superintendent since 2011. Recent improvements include a new roof, a newer furnace, newer windows, and new sliding glass balcony doors. Below market rents. Great upside potential.

Property

  • Status: Sale

  • Type: Apts-Over 20 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Kitchener

  • Availability Date: TBD

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Heat Type: Gas Hot Water

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 26

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 2 PL 1139 KITCHENER; S/T 238980; KITCHENER

  • Taxes: $52,482

  • Taxes Type: Annual

Land

  • Cross Street: Ottawa St N/ Hwy 7

  • Municipality District: Kitchener

  • Parcel Number: 225230239

  • Sewer: San+Storm

  • Lot Depth: 160.78 Feet

  • Lot Frontage: 70.42 Feet

  • Lot Irregularities: Irregular Lot - Pleas

  • Zoning: R2

Commercial Specific

  • Rail: N

  • Total Area: 26867

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

  • Financial Statement: Y

Map of 87 Kenwood Drive, Kitchener
JK-8

Rosemount School

Elementary: Public
0.88 km
JK-6

Smithson Public School

Elementary: Public
0.35 km
JK-8

Canadian Martyrs Catholic Elementary School

Elementary: Catholic
1.27 km
JK-8

St Daniel Catholic Elementary School

Elementary: Catholic
0.96 km
7-8

Stanley Park Public School

Elementary: Public
0.79 km
JK-6

Franklin Public School

Elementary: Public
1.35 km
9-12

Rosemount - U Turn School

Secondary: Public
0.88 km
Pre-Grade 9-12

Bluevale Collegiate Institute

Secondary: Public
4.18 km
Pre-Grade 9-12

Eastwood Collegiate Institute

Secondary: Public
1.66 km
Pre-Grade 9-12

Grand River Collegiate Institute

Secondary: Public
1.61 km
9-12

St Mary's High School

Secondary: Catholic
4.01 km
Pre-Grade 9-12

Cameron Heights Collegiate Institute

Secondary: Public
2.26 km
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