07/22/2022
FOR SALE: 8 Unit Building in Kitchener, ON 📍
This is an opportunity for new or experienced investors to pick up a Legal 8 Unit Purpose build building in Kitchener that requires minimum cosmetic renovations on 3 units while 5 units are fully renovated. Great Opportunity! Own This 8 Unit Building In The Heart Of Kitchener! Quiet Neighbourhood Close To Amenities. There are 2 Custom homes located beside this property. This Is Your Chance To Make A Positive Addition To Your Investment Portfolio. This Turn-Key Investment Has Been Nicely Maintained And Offers Great Potential For It's Next Owner. This Building Is Complete With 8 Units, 9 Car Parking Lot Of Parking On The Newer Asphalt Driveway, And Coin-Operated Laundry. This 2,500 SQFT with separate entrances to each unit.
5 Units will be fully renovated while 3 units will be in livable condition. The whole building will be vacant upon possession. There's a significant value add to increase the NOI by renovation the additional unit aside from buying this building under market value. As per the commercial zoning, you can run Airbnb in all 8 Units and make $20,000 - $24,000 / Month in gross revenue. Our team can help
You manage the Airbnb units - if that’s the route you’re exploring.
lestateinvestor