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15 Floral Cres 11 Unit Apartment Building $2,150,000 CAD ($195,455 CAD/Unit) 4.97% Cap Rate Kitchener, ON N2G 3B3
INVESTMENT HIGHLIGHTS
- Stick Construction
- Spacious Units
- Separately Metered Hydro
- 16 Parking Spaces
EXECUTIVE SUMMARY
Rare Opportunity! Well maintained Stick Construction Solid Brick Building. Family owned for 18 yrs. Pride of ownership is very apparent; new Weill McLain boilers in 2010, all windows replaced between 2010-2015, new roof in 2018, new water softener system in 2021 and new asphalt parking/driveway. Separately Metered Hydro, Spacious Units and 16 Parking Spaces.
PROPERTY FACTS
| Price | $2,150,000 CAD | Building Class | C |
| Price Per Unit | $195,455 CAD | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 8,736 SF |
| Cap Rate | 4.97% | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.83/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RES-5 - Residential apartments | ||
| Price | $2,150,000 CAD |
| Price Per Unit | $195,455 CAD |
| Sale Type | Investment |
| Cap Rate | 4.97% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 8,736 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | RES-5 - Residential apartments |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Recycling
- Trash Pickup - Curbside
- Maintenance on site
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
1 1
Walk Score®
Very Walkable (76)
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15 Floral Cres
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