28-30 Ontario Street S Active Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2G 1X2
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $641
MLS Listing ID 40663085
Abv Grd Liv Area 6,000
Originating Board Waterloo Region
Annual Tax Amount $17,430
Property 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 vacant and available for lease or for the purchasers own use. 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.
Location
Province ON
County Waterloo
Area 3 - Kitchener West
Zoning 29.5
Direction Ontario St S between King St W and Charles St W.
Rooms
Basement Partial,Partially Finished
Kitchen 0
Interior
Interior Features Separate Heating Controls,Separate Hydro Meters
Heating Heat Pump
Cooling Ductless,Energy Efficient
Fireplace No
Window Features Window Coverings
Appliance Built-in Microwave,Microwave
Laundry Common Area,Shared
Exterior
Garage Attached Garage
Garage Spaces 1.0
Waterfront No
Roof Type Flat,Membrane
Lot Frontage 29.5
Garage Yes
Building
Lot Description Park,Public Parking,Public Transit,Shopping Nearby
Faces Ontario St S between King St W and Charles St W.
Story 3
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Aluminum Siding
New Construction No
Others
Senior Community No
Tax ID 224270058
Ownership Freehold/None